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Article #1079Re: It's all about gasoline!
From: Don Homuth
Date: Thu, 07 Jun 2007 19:41
Date: Thu, 07 Jun 2007 19:41
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3689 bytes
On Thu, 07 Jun 2007 19:35:15 GMT, trijicon <dev@null.set> wrote: >Don Homuth wrote: >> On Thu, 07 Jun 2007 19:18:02 GMT, trijicon <dev@null.set> wrote: >> >>> Don Homuth wrote: >>>> Even in your area, there are some fascinating outcomes: >>>> Before this month, the previous record high for refinery profits was >>>> $31.71 in 2005 in the wake of Hurricane Katrina. >>> Wow, a whole 3% higher! >> >> 3% on an already high base is pretty high. The overall supermarket >> sector runs at less than that overall. > >I meant to say 3$ higher, or roughly 10%. Still a Very hefty margin. >Of course capacity is about 8% lower, interesting correlation there... Refining runs lower, but capacity remains high. Unused capacity, however, means lower refining overall. There's still plenty of capacity out there -- the awlbidniss simply doesn't wish to run the closed refineries or to upgrade them. >No one "chooses" to have repairs to do. That's their story, they're sticking to it, and you believe them without reservation. >You're a raving paranoiac liberal FOOL! But not a gullible fool. >> But as the awlbidniss types have noted elsewhere, there's no shortage >> of Crude -- just a shortage of Refining. > >Due to repairs. Yeah -- so they say. >> Which is not the same as Refining Capacity. > >Which is being OFF-shored by the NIMBYS! If the awlbidniss wishes to reopen and upgrade previously closed refineries, they may do so without any NIMBY problem whatsoever. There are some advantages to that, not the least of which is that the refineries eligible to do that are already plugged into the distribution network. They don't because they don't Want to do that. And they don't Want to spend Their capital doing it. They'd rather spend yours.
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