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Article #1069Re: It's all about gasoline!
From: Don Homuth
Date: Thu, 07 Jun 2007 19:34
Date: Thu, 07 Jun 2007 19:34
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3036 bytes
On Thu, 07 Jun 2007 19:26:12 GMT, trijicon <dev@null.set> wrote: >Don Homuth wrote: > >> There is no lack of refining Capacity in this nation. > >http://www.ohio.com/mld/beaconjournal/business/17309229.htm Repeating it four or five times doesn't help. There's a lot of refineries out there, some of which have been upgraded to increase capacity and a bunch that have simply been closed without upgrading. The closed ones Could be upgraded without any problem other than requiring the awlbidniss to spend some of its own money. It doesn't wish to do that. And if the socialist alternative fuels bidniss gets going, it has announced that it Will neither upgrade old refineries Nor will it build new ones either. It will, however, continue to have some "unexpected" maintenance issues here and there. Which will keep prices up. Since there is no noticeable dearth of Supply anywhere (there are no gas lines reported, for example) and since Demand at the >$3/gal price point remains inelastic, there's no incentive to increase supply and drop price thereby. Maintenance is good -- and unexpected maintenance is even better!
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