'Fracking' a major factor driving domestic production higher
The oil companies will always find an excuse that they think sounds reasonable
that causes gas prices to stay high. A refinery accident, sounds like an excuse
ENRON would use to charge high electricity rates to Californians.The
only reason they want an oil pipeline to the gulf is so they can get the oil to
port where they can load it onto a tanker and ship it to other parts of the
world. Why sell it in the states if they can get more money from China or
India? If I were president I would allow a pipeline built to the closest
refinery to Canada, that would provide a little better assurance that the oil
would stay here in the states.
No new refineries since the 1970s. Why invest billions in new refineries when
BO and his party are trying to shut them down?
Re: Makid Kearns, UT"The only thing that will help is by lowering
consumption rates."We have increase production rates but not
refining capacity and that is the bottleneck.It is the amount of gasoline
at the pump and not the amount of oil coming out of the ground that controls the
So, with rising production we still have gas prices over $2.00 a gallon. How
can that be? More drilling isn't going to lower prices since we are
already increasing production.The only thing that will help is by
lowering consumption rates. Alternate fuels and energy sources.