I just saw an arty linked in Yahoo Finance: Oil Industry Scales Back Refinery Plans
Exerpt here:
A push from Congress and the White House for huge increases in biofuels, such as ethanol, is prompting the oil industry to scale back its plans for refinery expansions. That could keep gasoline prices high, possibly for years to come. With President Bush calling for a 20 percent drop in gasoline use and the Senate now debating legislation for huge increases in ethanol production, oil companies see growing uncertainty about future gasoline demand and little need to expand refineries or build new ones.
Who in their right mind actually believes some government make-do is going to actually address a practical engineering problem like this????????  Only a fool.Â
Thus a few years from now with no biofuels and too little refinery capacity we the people of the United States of American are going to be holding Da Proverbial Bag. Gasoline is going higher, as the man from the Men-Swear-House says “I guarantee it”
Get used to it. Here’s yours. BTW: Its full of alligator fudge.
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