Friday, July 30, 2010

If we rely so heavily on oil and want alternate fuels sources at an affordable price, why dont we drill the US

Mr. Bush has finally approved drilling in Alaska, where are we on that? We have not made a new more efficient refinery in over 30 years, why dont we build or rebuild those? Its quite obvious that we have a severe problem that needs to be corrected now and can be corrected now with minimal environmental ';carbon footprints'; (stupid term). Everyone can say that the supply and demand is causing this hardship for Americans yet we rely on foreign oil? If we don鈥檛 want to use all our oil up, lets create a government backed program that does not include ';big oil'; in any of the decision making progress. 405 billion in revenue last year based on foreign oil, that is a lot of jobs and money to pump into OUR economy right? Not just the rich either. I may be way out of whack here with this post but I am fed up. If it costs too much for foreign oil then lets get it domestically!If we rely so heavily on oil and want alternate fuels sources at an affordable price, why dont we drill the US
Mr. Bush needs Congress to agree. The gains in supply from ANWR would not stripped by price increases from rising demand for oil.





It is more profitable to keep refineries as is than to rebuild a new plant or expand capacity. Even if no one cared about carbon footprint, no company wants to expand refinery capacity because utilization is already greater than 90%. To add more capacity would decrease utilization. To decrease utilization is to increase capacity that is unused.
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