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Old 02-26-2013, 04:04 PM   #43
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1. Oil companies are also traders on their own product.
2. Oil companies are selling diesel outside the US where demand is greater and prices are higher. Reduce our usage and more is available to export at a higher price.
Welcome to the world market.
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Old 02-26-2013, 08:17 PM   #44
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1. Oil companies are also traders on their own product.
2. Oil companies are selling diesel outside the US where demand is greater and prices are higher. Reduce our usage and more is available to export at a higher price.
Welcome to the world market.
Solution: Increase supply. Welcome to Econ 101. It works every time it is tried provided we have a truly free market situation.
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Old 02-27-2013, 04:54 AM   #45
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Solution: Increase supply. Welcome to Econ 101. It works every time it is tried provided we have a truly free market situation.
Ahhhhhhh, that is the solution that they are not looking for! Refinery's are making a lot of money and a flood of cheaper oil would cut into thier net gross. A couple of years ago when the refinery where I work was going to do a crude unit shutdown,THEY wanted this done as fast as possible as they were making $38.00 net profit per barrel of crude! TIMES 70,000 BPD = $$$$$$ (1 MONTH TURN A ROUND)
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Old 02-27-2013, 07:38 AM   #46
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MEH...

Do you even know who the Sec of Transportation is? Have you ever met him? Can you post something to back your statements? I think not because your whole statement if false.

Signed...DOT Employee.

BTW...that statement came NOT from Sec of Transp. (Ray LaHood) but from Steven Chu Sec or Energy prior to him being Sec of Energy. Not withstanding it could certainly be uncomfortable for the current administration...get your "facts" straight.

[self deleted stuff]

[self deleted] for goodness sake, lets discuss facts whether we like them or not.

I stand corrected. It was Chu not LaHood. Regardless, it was said by an administration Sec. that doesn't own a car(FACT), and what he said is policy of the current administration(FACT). By the way I spent the last 10yrs.(2000/2010) of my career working for the White House, and with that 1st hand knowledge I can tell you it doesn't matter...Republican or Democrat, I quit thinking that they have the best interests of middle America in mind when they set policy either by word or deed.
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Old 02-27-2013, 10:23 AM   #47
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Here's some more food for thought. The Presidents buddy Warren Buffet owns the Burlington Northern Railroad. Guess who profits from the rejection of the Keystone pipeline? Yep, Warren Buffet does by loading that oil in his tank cars for the trip south. It would be a whole lot cheaper to send that oil from Canada by pipeline than by train. But gee, why would they want to do that, when there are huge profits to be made shipping it by rail.
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Old 02-27-2013, 06:06 PM   #48
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Here's an interesting Dept of Energy site with thoughts on diesel vehicles in general. http://www.fueleconomy.gov/feg/di_diesels.shtml
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Old 02-27-2013, 06:08 PM   #49
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Here's an interesting Dept of Energy site with thoughts on diesel vehicles in general. http://www.fueleconomy.gov/feg/di_diesels.shtml
Some info is dated back to 2011 but still interesting. --- now that was a sloppy edit. Lol.
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