Change In Gas Could Lead To Pumped-Up Prices

[UncleBuck01]

<font color="blue">" Friend you know not whereof you speak" </font>

TEXBAYLEA
I like the above quote you gave / to bad its not true

First, you would have to believe the oil industry version
to come to the conclusion it is ALL the "tree huggers" fault.
or
believe the tree huggers and blame those rich oil company exec's.
"Guess what" - the truth is somewhere in the middle

For example. From 1975 to 2000, the U.S. Environmental Protection Agency (EPA) received only one permit request for a new refinery. And in March, EPA approved Arizona Clean Fuels’ application for an air permit for a proposed refinery in Arizona. Also, during those years oil companies were applying for – and receiving – permits to modify and expand their existing refineries. Now do you blame the tree huggers for putting fear into the hearts of the oil industry or do you blame the oil companies FOR NOT EVEN TRYING

another example. A congressional investigation uncovered internal memos (those paper trails) written by the major oil companies operating in the U.S. talking about their successful strategies to maximize profits by forcing independent refineries out of business, resulting in tighter refinery capacity. From 1995-2002, 97% of the more than 920,000 barrels of oil per day of capacity that have been shut down were owned and operated by smaller, independent refiners. These were established refineries, they needed no "NEW PERMITS" to be built Were this capacity to be in operation today, refiners could have used it to fight these drastic price increases we get when the oil industry has a anxiety attack.
2000 Congressional hearings
I could go on and so could you with who to blame "QUOTES"
Like I said the truth is somewhere in the middle - nobody has clean hands in this one

Buck

 

[Joe1]

A while back, when the fuel companies serving California started oxygenating gas, mandated by CA EPA people gasoline went up 30 cents per gallon and so did diesel. Diesel wasn't touched.

During the 70's so called energy crisis, I could see fuel tankers anchored off Long Beach, CA hull down, meaning they were full. You couldn't buy gas at any price at the pump, and they couldn't unload the gasoline they had on board because the storage tanks at the docks were full of gasoline. The oil companies wouldn't truck gas to the stations so they could gouge the customers and get their prices up. It cost something like $3,000.00 a day to have that ship sit idle with a full crew a few miles off shore. It was worth it, for the oil companies in the long run.

The record profits the oil companies made in the aftermath of Hurricane Katrina shows their greed.

 

[Fungus]

</font><font color="blue" class="small">( During the 70's so called energy crisis …)</font>

I remember those days. I was doing odd jobs while going to college one that was steaming cleaning oil tanks - those zillion gallons ones in Huntington/Long Beach.

They were draining all the oil tanks and cleaning them out in order to store all the excess gasoline. There was gasoline everywhere except the stations!