Re: Washington Post: $1.46 on each gallon sold is new profit for oil industry

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Article #7985

#7985

From: timeOday
Date: Thu, 29 Sep 2005 22:17

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Logan Shaw wrote:
>  So, part of the reason we don't import more refined oil may be
> that there are regulatory difficulties with doing so.

This was my first guess - that the oil industry had lobbied for 
restrictions on importing refined goods to protect themselves from 
competition.  But I wasn't able to find much, in fact the source you 
quoted is more than I found.

As for the potential double shipping costs, it still seems to me all 
they'd need to do is build a big refinery or two near major long-term 
oil sources in Saudi Arabia or Venezuela, or near the ports in one or 
two such places.  That alone would reduce demand on our own refineries 
by 2 or 3 percent and alleviate the problem.

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Newsgroups: misc.consumers,misc.consumers.frugal-living,rec.autos.driving,ca.driving
Subject: Re: Washington Post: $1.46 on each gallon sold is new profit for
 oil industry
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