The reader can see that my claim is oil prices are rising because the dollar is declining in value and because our military is consuming so much oil. You haven't addressed either point, so readers might decide you are trying to change the subject.
I'm not inverting supply and demand. You are conflating oil prices with gas/diesel prices. Refineries sit in the middle, on the demand side of the crude oil equation and the supply side of the retail fuel equation. My solution is to reduce retail demand, which also reduces producer demand. You want to fiddle around in the middle, where any potential decrease in retail prices is offset by increases in crude oil prices. Again, you are the one not making sense.
There is no shortage of fuel in the U.S., so really it is your contention that we need more refineries that requires proof. If oil companies wanted to build more refineries, they have the power to streamroll any obstacles environmental laws or nimbys put in their way. They don't bother because there is already enough capacity to keep the retail pumps flowing.
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Rikki writes:
The reader can see that my claim is oil prices are rising because the dollar is declining in value and because our military is consuming so much oil. You haven't addressed either point, so readers might decide you are trying to change the subject.
I'm not inverting supply and demand. You are conflating oil prices with gas/diesel prices. Refineries sit in the middle, on the demand side of the crude oil equation and the supply side of the retail fuel equation. My solution is to reduce retail demand, which also reduces producer demand. You want to fiddle around in the middle, where any potential decrease in retail prices is offset by increases in crude oil prices. Again, you are the one not making sense.
There is no shortage of fuel in the U.S., so really it is your contention that we need more refineries that requires proof. If oil companies wanted to build more refineries, they have the power to streamroll any obstacles environmental laws or nimbys put in their way. They don't bother because there is already enough capacity to keep the retail pumps flowing.
Share your thoughts
Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.