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Dave wrote in
: The enviros have made sure that no new refineries could be built in this country in the last 30 years. I'm no longer sure that is true. Why would I want to build new refineries if I could just keep doubling the price caused by the shortages I create by not building new refineries? My piece of GDP doubles without further expenditure of capital. It doesn't take a Harvard economist to see that's not a bad idea....for big oil. 750 nm west of Azores, the megayacht "Mystic" slowed from 11 knots to 8 in 12-15' seas so she wouldn't run out of diesel fuel before reaching port. She used 10,000 gallons from Bermuda to Azores. She's refueled and on her way to Gibraltar, tonight. Fuel was $2.25/US gallon (with the discount I presume). Visa/Mastercard/Discover/American Express...$22,500....OUCH! -- Larry You know you've had a rough night when you wake up and your outlined in chalk. |
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