Thank you all for a interesting discussion so far...
A couple of tidbits to keep things moving, some more of my personal opinion on the matter.
- As I understand it, from looking at information available from a variety of sources, the currently rising price of gasoline is due mainly to the fact that we do not have enough oil refineries in the US. A new one has not been constructed since the late 70's. Why? As I understand it, overly (some say insanely so) tough environmental laws make it financially impossible to build a new one. As such, the oil companies just maintain the old and run down ones we have now. Because there are so few of them, when they have to change from winter to summer blends and stop making heating oil, the supply of gasoline goes down.
- Hillary Clinton proposed taking all of the oil companies profits and using it for some reserve fund or something. That really dumb and self defeating, this IS America after all. Why stay in business if you cannot turn a profit? PLUS that would make the entire economy take a major downturn. Almost everything in our lives depends on the oil industry, for better or worse. However, along these lines I would support some kind of legislation (as much as I hate MORE laws) that would require the oil companies to spend a % of their profits on either DOMESTIC exploration, new refineries (if the laws making it so difficult to do so can be changed) or alternative fuel research.
I have a few more, but I gotta get back to work.
Cheers!
"Unlike most of you, I am not a nut."
- Homer Simpson
"If the enemy opens the door, you must race in."
- Sun Tzu - Art of War
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