OPEC isn't the only cause of "high" gas prices...

[gsaldivar]

WASHINGTON (Reuters) - Saudi Arabia on Sunday blamed record high U.S. gasoline prices on America's tough environmental laws and lack of refining capacity, saying OPEC (news - web sites)'s oil production policies were not to blame.
...
Al-Jubeir said the lack of refining capacity in the United States was a key reason gasoline prices were rising.

"There has not been a refinery built in America in the last 20 years. So if you produce more crude oil but you can't refine it, it's not going to translate into gasoline," he said.

Al-Jubeir also said it was difficult for foreign oil companies and domestic suppliers to sell gasoline in the U.S. market, because federal environmental regulations require dozens of different fuel blends to be sold across the country to prevent pollution.

He pointed out that a refinery in Springfield, Illinois can not sell gasoline in the Chicago market because the fuel formulas are different.

"Unless the U.S. begins to simplify this area, and unless the U.S. deals with its refining shortage, there will always be a problem (with) gasoline," Al-Jubeir said.

LINK

Just some things to keep in mind next time you come across a NIMBY/enviromentalist complaining about "high" gas prices.


:beer:

 

[DaWhim]

environmentalist should NOT drive at all, if they are really environmental. they just do things without seeing the long term economic consequences. :|

I feel little irritated seeing the recycling program right in front of the economics department building.

 

[dmcowen674]

"There has not been a refinery built in America in the last 20 years."

This was well covered in the Oil thread. and what does your Environmentalist's bullcrap have anything to do with the Oil Thugs not putting theor huge profits back into "THEIR" business in order to meet business???

What stake do you have in the corrupt Oil Thug business I wonder?

 

[Spencer278]

The NIMBY people suck. I once saw a news program where a developer wanted to replace a rusting old radar tower with 40 windmills and there was some idiot complain about how it damages the "viewshed."

 

[gsaldivar]

what does your Environmentalist's bullcrap have anything to do with the Oil Thugs not putting theor huge profits back into "THEIR" business in order to meet business???

Huh?

What stake do you have in the corrupt Oil Thug business I wonder?

Is "THUG" your word-of-the-day, Dave? Your lame attempts to demonize those who don't share your viewpoints is getting old............

 

[dmcowen674]

Originally posted by: gsaldivar

what does your Environmentalist's bullcrap have anything to do with the Oil Thugs not putting theor huge profits back into "THEIR" business in order to meet business???

Huh?

What stake do you have in the corrupt Oil Thug business I wonder?

Is "THUG" your word-of-the-day, Dave? Your lame attempts to demonize those who don't share your viewpoints is getting old............

Absolutely, until I see signs of the U.S. turning things around from being under Mobster Rule, Thugs they remain.

That's not "demonizing" that's FACT. Interesting how more and more continues coming out proving these very FACTS.

They were only able to hide the Wolf in Grandma's robe for so long, the American sheep are beginning to see Grandma has a beard.

Edit: Watch you'll hear one of the Talk show hosts use that very same line I just came up with above.