🚀 go-pugleaf

Jean Zebloski <JeanZ@J.ght>  wrote :

> The liberals are screwing themselves with Obama's "War on Business and 
> Capitalism"!
> 
> One little fact I heard quite awhile ago, is that oil prices arent the
> big reason that gas prices are so high. It's refinery capacity. The
> enviro- nazis haven't allowed any new refineries to be built in over 30
> years! Now this:
> 
> http://www.reuters.com/article/2012/02/24/northeastern-refineries-meehan-
> idUSL2E8DO5QQ20120224
> 
> U.S. House sets date to discuss Northeastern refinery closures
> 
> By Janet McGurty
> 
> NEW YORK | Fri Feb 24, 2012 12:06pm EST
> 
> Feb 24 (Reuters) - The U.S. House of Representatives will hold a hearing
> on March 19 to look at how the closure of three refineries in the
> Philadelphia area that represent half of the refining capacity in the
> Northeast could impact national security.
> 
> U.S. Representative Patrick Meehan, a Republican who represents the 
> Philadelphia area, said on Friday that the Homeland Security
> Subcommittee on Counterterrorism and Intelligence would examine the
> implications of Sunoco Inc closing two refineries and ConocoPhillips
> closing a third. 
> 
> U.S. Senator Bob Casey has also called for a probe on the impact the 
> refinery closures will have on prices for gasoline and diesel. No date
> has been set for those hearings.
> 
> Refineries on both U.S. coasts are at risk for closure as high crude
> costs cut into profit margins for refining companies.
> 
> The East Coast refineries run light, sweet crude oil imported from
> Africa and the North Sea that is priced at a premium to the U.S. West
> Texas Intermediate benchmark.
> 
> Sunoco, which owns two of the refineries, has said that it has lost
> money running the plants and the refining profit margins are not enough
> for them to keep the plants going.
> 
> ConocoPhillips, owner of the third plant, is also not interested in East
> Coast refinery operations as it works to separate itself into two
> different companies -- an upstream Conoco and a downstream Phillips 66.
> 
> The three refineries are with in a 12-mile (19-km) radius in
> southeastern Pennsylvania. The USW has tallied as many as 2,500 jobs
> will be lost directly related to the plant closures with tens of
> thousands ancillary and service related jobs also at risk once plants
> close. 

Yes, our commie President says "there are no quick fixes - no silver 
bullets", but he and the Progressive Socialists have been blocking 
refineries and drilling ( offshore, ANWAR, you name it! ) for 35 years now!