Quote:
|
Originally Posted by Jim H
While I am not an economist, my guess is that if they could add 25% to their refining capacity, and the price only went down 15%, they would make money. I don't have the numbers, but I'm sure the oil companies do.
I understand a big problem is it takes so long to get a refinery permitted and built... because nobody want 'em in their backyard...  |
At the current capacity, they could sit back, not make any expenditures and make even more money. Why not? You may not be an economist or have the numbers but they do. If it profits them the way you see it, I'll bet they will jump on it.
Yes, that is also part of the expenditure of getting a permit to build a new refinery. Just like building a Wal*Mart. Everyone wants them. Just NIMBY. Not In My Back Yard. Look at what John Kerry promised the people of Nevada should he be elected. He promised them that he wouldn't make Yucca Mountains a permanent nuclear storage facility. Did he say where he would put the nuclear waste? I think not. Unless he plans to do a "Space 1999" solution and put it on the moon, I don't think it is going to work. However, that would please the people of NV because it will be somewhere else.