6.02.2008

The market, how it works, and why things suck right now...

I'm growing increasingly weary with the discussions that have been happening in my office, as well as on capital hill. That planted firmly in the back of your mind, here is why I am aggravated.

Since 1976 we have not built a single new oil refinery in the USA. It's not that the oil companies don't want to build them, it's that they can't! We have been enlarging refineries, and trying to combat the problem that way, but we still use 36 million gallons of gas more than the refineries can make... and that was just today. You heard me right, daily WE use 36 million gallons more gas than can be created in our domestic refineries.

This problem is significant for multiple reasons, not the least of them being that instead of importing crude oil that needs to be refined we have to import refined and ready gasoline.

Think about that, we have to import refined gasoline. Have you ever been to a gas station that serves only one flavor of fuel? No, you at least have regular, mid-grade, and premium. Not to mention diesel. Now think about the sheer number of other variants required due to state/local laws, and we are approaching 100 different blends of gasoline.

There are a hundred different things that I want to unload about this situation, and amazingly the oil execs getting stupid amounts of money isn't one of them. Maybe it's time for the morons in congress like Barbara Lee to shut her trap about nationalizing the oil industry, and start to vote for more refineries, and drilling.

2 comments:

Kim and family said...

Alaska is nice state to live in when it comes to the benefits it gets for the oil they can find. There is still plenty there and the state is huge and most of it is off limits. Go figure.

Janika said...

Last night I watched NOVA and Glen Beck. They are really stepping up the green propaganda. There are too many narrow views on any given subject and not enough seeing the big picture, which has to include ecological stewardship, economic wisdom, political realism, governmental inefficiency, and individual responsibility.

"Change the world; start at home." All I really care about right now is getting my home.