Quote Originally Posted by Gawain of Orkeny
Wow for a while there I thought yu knew what you were talking about. The price of oil and gas are tied to eachother. Again do you think there was a sudden drop in gas supplies overnight to cause a 50 cent jump in the price. No . Its because their looking at the future and a coming shortage due to the inability to refine crude. If we had buit more refineries and oil wells once more we wouldnt be in this situtation. You can run on such a small margin of error. You earlier claimed that refeineries were ONLY running at 95 to 98 percent capacity. This doesnt leave much room for disruption.
Gawain, Read what you just wrote and think about it for awhile. As I said before the price of OIL was not being limited by refining. You bought the Saudi line. If we shut off refining in the U.S. enough, oil prices worldwide will fall, because we are an net importer, and this would reduce our need for imports. Myth Busted.

There is not a huge supply of gasoline just lying around in each region. If you want to weather spikes you will need to do something about that.

You can go on with the line about building refineries in the U.S., but it doesn't make economic sense to those running them. As they see the need for capacity they add it. If you can make a business case for big new refineries, be my guest... That isn't the way business works in this country, we've been increasing productivity to the nth degree or don't you remember? Just in time deliveries, decreasing inventory, maximizing capacity utilization. These are the market efficiencies business strives for. You want them to reverse course. GOOD LUCK!!!