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Thread: Oil rises above $90 amid US crude supply drop

  1. #141
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Gill View Post
    Not true. Price of regular gas in Mexico on February 12 was $2.81 American dollars. About the same as here.

    The gasoline tax increase you propose is the worst thing imaginable in this economy. A dollar increase in federal gas taxes would send the economy immediately into a double dip recession. Inflation would strangle everyone with the huge increase in all goods delivered, which is everything.
    What is your source? Mine is me, being there last month. Our driver took us around the city for about 6 hours.
    The worst thing imaginable? How long shoud we go on being subsidized by our government? The quickest way for our leaders to totally subjugate us is to make us dependent on subsidies.
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  2. #142
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Erod View Post
    Yes and no. Our refineries are built to refine the type of oil we import; however, I've read that the oil here is a different composition (more sulfer, etc) and requires a different type of refinery.

    I don't profess to be an expert on this, but I've heard that we don't have the facilities in place to do everything on our own, and that it would take 10 years for us to get to that point.
    Find a source and then we can discuss it.

    http://www.eia.gov/todayinenergy/detail.cfm?id=210#
    U.S. exports of motor gasoline hit an all-time high in November 2010. The bulk of the record-level motor gasoline exports went to Mexico, where refinery maintenance during the month resulted in a tightening of gasoline supplies. November gasoline exports were equivalent to 5% of U.S. gasoline consumption.
    Last edited by USA_1; 02-28-11 at 10:55 AM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  3. #143
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    Find a source and then we can discuss it.
    Venezuelan oil is not as easy to refine as saudi oil.....most of our refineries are set up for the good stuff. Add to that not enough new refineries being built (I think the number is NONE), and lack of storage for their products, and we have a problem.
    No need to find a source, it was in the news often enough during the hurricanes that hit New Orleans and East Texas.
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  4. #144
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by UtahBill View Post
    Venezuelan oil is not as easy to refine as saudi oil.....most of our refineries are set up for the good stuff. Add to that not enough new refineries being built (I think the number is NONE), and lack of storage for their products, and we have a problem.
    No need to find a source, it was in the news often enough during the hurricanes that hit New Orleans and East Texas.
    do you really think the oil companies WANT more refineries?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  5. #145
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by UtahBill View Post
    What is your source? Mine is me, being there last month. Our driver took us around the city for about 6 hours.
    The worst thing imaginable? How long shoud we go on being subsidized by our government? The quickest way for our leaders to totally subjugate us is to make us dependent on subsidies.
    Mx_fuel_prices

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  6. #146
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by liblady View Post
    do you really think the oil companies WANT more refineries?
    Yes, and in places other than the few places they are located now. Production and Distribution are often impaired during hurricane season. Seems the EPA has rules, and the NIMBY crowd have their say as well. Funny that the public doesn't want refineries in their back yards, but they want a gas station on every corner, with low subsidized prices.
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Gill View Post
    Not so in Mazatlan.....must be state taxes....
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    Don't you republicans know anything about business or supply and demand?
    don't you fantasy chasing butterflies know anything about political reality

    gas tax hikes are on no one's table

  9. #149
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Erod View Post
    We are the laughingstock of the world. We're sitting on more oil than probably any country in the world, and yet, we won't use our OWN resources.

    Stupid.
    You're really not. Russia's got the world's largest oil reserves, then Saudi Arabia, and on. The oil under Alaska could sustain the US at current rates for about 11 months. The solution is to find better energy, not vainly wish that oil will start growing in the dried up Texan rigs.

  10. #150
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    don't you fantasy chasing butterflies know anything about political reality

    gas tax hikes are on no one's table
    I don't support gas tax hikes. I believe taxes are too high. Pay attention so not to embarrass yourself. Again.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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