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L0RDZ (83.10)

LORDZ's simple market solution for less expensive gas prices

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February 28, 2011 – Comments (2) | RELATED TICKERS: GAS.DL2

Hello and welcome to my solution for less costly US Gasoline:

 http://www.gasandoil.com/goc/news/ntn12966.htm

http://www.msnbc.msn.com/id/6019739/ns/business-oil_and_energy/

http://www.slate.com/id/2102031/

http://blog.gasbuddy.com/posts/China-rapidly-building-oil-refineries-potentially-impacting-prices/1715-421992-406.aspx

Sometimes I engage in conversations in regards to the high gasoline prices everyone seems to be paying.  In fact all you have to do is look at some older films where gas station prices are shown and you'll be shocked to realize exactly how much more expensive gasoline is now compared to then.

To be succinct, bottom line is that if we as North Americans desire less expensive gasoline, we need to enable new  gasoline refineries to be built.

So one may ask when was the last time a refinery was built here in the US ?  would you believe over 30 years ago ? 

Right now, we are drowning in oil, yet due to a lack of supply of gasoline refineries, it doesn't matter what the price of oil really is ~ because the supply of gasoline is capped in the US, so if you think gasoline is expensive now, just wait until mother nature or other circumstances further reduce the supply of gasoline.

 

2 Comments – Post Your Own

#1) On March 01, 2011 at 2:21 PM, lquadland10 (< 20) wrote:

As far as I know there has been 1 new refinery built or being built in the past 20 years.

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#2) On March 01, 2011 at 6:43 PM, L0RDZ (83.10) wrote:

The last refinery built in the US was in Garyville, Louisiana, and it started up in 1976.
Energy proposed building a refinery near Portsmouth, Virginia, in the late 1970s, environmental groups and local residents fought the plan -- and it took almost nine years of battles in court and before federal and state regulators before the company cancelled the project in 1984.

Should demand  increase, even at 100% capacity, our refineries will not be able to meet demand,  prices will spike unless  we have other options.

2011 minus 1976 = 35 years.

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