On Sep 13, 10:55 am, Gene Kearns
wrote:
On Fri, 12 Sep 2008 22:02:42 -0700 (PDT),
penned the following well considered thoughts to the readers of
rec.boats:

I was supposed to go help with a sailboat race (cant sail cuz I messed
up my back) but cannot get any gas for the boat due to the shut down
refineries cuz a certain political faction won't allow more refineries
to be built thus putting 1/4 of our nations refining capacity at risk
in a naturall disaster like Ike. So, this IS about boating and my not
going boating due to idiocy of certain politicos.

Another incredibly specious post.

Oil companies, themselves, have limited the available supply of fuel.
They aren't stupid, they are just greedy.... they've purposefully
drastically reduced the available refining capacity (supply), thence
driven prices sky high, and reaped record profits for their
shareholders.

Tell me again, what is their motivation to increase supply and
decrease profits? They are corporations, they aren't there to powder
your out-of-gas buns, they are there to line the pockets of
shareholders.

--

Grady-White Gulfstream, out of Oak Island, NC.

Homepagehttp://pamandgene.idleplay.net/

Rec.boats at Lee Yeaton's Bayguidehttp://www.thebayguide.com/rec.boats

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Several posts form people with no knowledge of the oil business. In
the past, we had independent refineries along with those owned by the
majors. However, regulations have caused the independents to no
longer be able to meet the requirements so now we only have major
refineries. Essentially, the govt has caused monopolization by
enacting onerous licensing and regulations. If one looks, he will
also find that refineries ae all operating at over their designed
capacity these days. Govt regs have caused us to become dependent on
monopolies.
In the past, the oil industry was much less a vertically integrated
monopoly but govt has driven it to bcome so.