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Topic:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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Sith_Mauler
Posts: 1,851
Registered: 2002-12-21 13:40:03
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Date Posted:
1/1/00 12:00am
Subject:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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Add one more victim to the soaring price of petroleum—refineries. Yes, despite gas prices rising another 6% in February, refineries in the US Northeast are shutting down because they're losing money, reports Wall Street Journal. And with Philadelphia-based Sunoco set to close the largest refinery in the region in July, expect gas prices to keep going higher. "Our Northeast refining business has lost nearly a billion dollars in the past three years, and those losses have threatened Sunoco's very existence as a company," said a Sunoco spokesman.
Worldwide demand and Mideast tensions have caused the price of oil to soar over the past year, but refineries have not been able to increase their prices to keep up. Northeast refineries don't have the facilities to handle lower-quality, cheaper crude, and a lack of pipelines to the central United States means they don't have access to cheaper oil produced there and have to use more expensive crude from overseas. Combined with the rising demand for gas in summer, analysts think the East Coast could see fuel shortages this summer that push prices to $5 per gallon.
http://online.wsj.com/article/SB10001424052702304459804577285741977434570.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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I'm wild and a little crazy too
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Date Posted:
1/1/00 12:00am
Subject:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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Its all planed to make the oil companies richer until the American people wake up to this bs we will keep having to pay for every time something happens somewhere somehow at sometime. Etc etc.
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Hawkson
Title: I AM AN ASSASSIN (SHH)
Posts: 1,791
Registered: 2001-10-23 22:57:09
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Date Posted:
1/1/00 12:00am
Subject:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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Gas prices are already near $5 here, qq more.
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Hawkson, Esq.
Nothing is true, everything is permitted.
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Fozzie_Bear
Posts: 2,490
Registered: 2001-12-20 01:43:43
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Date Posted:
1/1/00 12:00am
Subject:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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Sith_Mauler posted:
Worldwide demand and Mideast tensions have caused the price of oil to soar over the past year, but refineries have not been able to increase their prices to keep up.
ok so now comes the question...
why would they need to raise their PRICES to keep up?
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jeune
Posts: 216
Registered: 2005-5-29 13:25:11
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Date Posted:
1/1/00 12:00am
Subject:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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Sounds like more news trying to push up the price of gas. There is no supply problems.
This plant they are closing was built in 1902... it does not make money because it is trying to compete with modern refineries... The fact that no one even submitted a bid to buy the plant is pretty telling. This is there problem
Need to let capitalism work... out with the old and in with the new.
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"Whenever the white man treats the Indian as they treat each other then we shall have no more wars. We shall be all alike — brothers of one father and mother, with one sky above us and one country around us and one government for all."
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WhipSmack
Posts: 358
Registered: 2001-1-8 19:15:50
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Date Posted:
1/1/00 12:00am
Subject:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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jeune posted:
Sounds like more news trying to push up the price of gas. There is no supply problems.
This plant they are closing was built in 1902... it does not make money because it is trying to compete with modern refineries... The fact that no one even submitted a bid to buy the plant is pretty telling.
Need to let capitalism work... out with the old and in with the new.
Why is it the powers that be want oil prices to continue to go up until people can't drive anymore?
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jeune
Posts: 216
Registered: 2005-5-29 13:25:11
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Date Posted:
1/1/00 12:00am
Subject:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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WhipSmack posted:
jeune posted:
Sounds like more news trying to push up the price of gas. There is no supply problems.
This plant they are closing was built in 1902... it does not make money because it is trying to compete with modern refineries... The fact that no one even submitted a bid to buy the plant is pretty telling.
Need to let capitalism work... out with the old and in with the new.
Why is it the powers that be want oil prices to continue to go up until people can't drive anymore?
What? The problem at the refineries is that they are outdated and: "Demand for gasoline in the U.S., meanwhile, is close to a 15-year low, so refineries have been unable to pass on all their costs to customers."
Getting rid of these old things will lower the cost of production... if there is a supply problem someone will step up and meet the need.
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"Whenever the white man treats the Indian as they treat each other then we shall have no more wars. We shall be all alike — brothers of one father and mother, with one sky above us and one country around us and one government for all."
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Rhodoman
Posts: 1,397
Registered: 2001-6-14 21:02:19
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Date Posted:
1/1/00 12:00am
Subject:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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jeune posted:
This plant they are closing was built in 1902...
... out with the old and in with the new.
If only the EPA would get out of the way and allow any new ones . . .
Rho
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Sith_Mauler
Posts: 1,851
Registered: 2002-12-21 13:40:03
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Date Posted:
1/1/00 12:00am
Subject:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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Rhodoman posted:
jeune posted:
This plant they are closing was built in 1902...
... out with the old and in with the new.
If only the EPA would get out of the way and allow any new ones . . .
Rho
this
last new one came on line in 1976
-----signature-----
Well I ain't first class
But I ain't white trash
I'm wild and a little crazy too
I have seen a lot of things in my life time.
That is why I walk the line I walk.
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jeune
Posts: 216
Registered: 2005-5-29 13:25:11
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Date Posted:
1/1/00 12:00am
Subject:
Gas prices reaching record levels, as more refineries are scheduled to shutdown.....
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Sith_Mauler posted:
Rhodoman posted:
jeune posted:
This plant they are closing was built in 1902...
... out with the old and in with the new.
If only the EPA would get out of the way and allow any new ones . . .
Rho
this
These plants cannot even refine American oil... they can only refine light sweet crude form the Middle East or Africa... they do not have the technology to refine any other oil. They needed to be closed.
Look like under Obama there is the development of 2 new refineries... 1 in Arizona and 1 in S.D.
http://www.hyperionec.com/cms/siouxland-site/
http://www.arizonacleanfuels.com/refinery.htm
Apparently these are the first new refineries in over 30 years!
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"Whenever the white man treats the Indian as they treat each other then we shall have no more wars. We shall be all alike — brothers of one father and mother, with one sky above us and one country around us and one government for all."
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