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Wiregrass Willie Donating Member (436 posts) Send PM | Profile | Ignore Sun Jul-22-07 10:42 AM
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Ever wonder why gasoline is so high ?
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I've always been a good little capitalist. Up until now. I'm wondering if the government may not be able to operate these oil companies better than this bunch of pirates do ?

Gas Prices Rise on Refineries’ Record Failures
By JAD MOUAWAD

Oil refineries across the country have been plagued by a record number of fires, power failures, leaks, spills and breakdowns this year, causing dozens of them to shut down temporarily or trim production. The disruptions are helping to drive gasoline prices to highs not seen since last summer’s records.

These mechanical breakdowns, which one analyst likened to an “invisible hurricane,” have created a bottleneck in domestic energy supplies, helping to push up gasoline prices 50 cents this year to well above $3 a gallon. A third of the country’s 150 refineries have reported disruptions to their operations since the beginning of the year, a record according to analysts.

There have been blazes at refineries in Louisiana, Texas, Indiana and California, some of them caused by lightning strikes. Plants have suffered power losses that disrupted operations; a midsize refinery in Kansas was flooded by torrential rains last month.

American refiners are running roughly 5 percent below their normal levels at this time of the year.

http://www.nytimes.com/2007/07/22/business/22refine.htm...
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  -Ever wonder why gasoline is so high ? Wiregrass Willie  Jul-22-07 10:42 AM   #0 
  - Two words: record profit. nt  snappyturtle   Jul-22-07 10:44 AM   #1 
  - When any other company's facilities fail it would lose money - Oil companies make more. How cum?  ThomWV   Jul-22-07 10:45 AM   #2 
  - Too bad I don't make record profits when my operation continually breaks down.  lynnertic   Jul-22-07 10:49 AM   #3 
  - sounds like the steel industry .  madrchsod   Jul-22-07 10:50 AM   #4 
  - Welcome to reality  Warpy   Jul-22-07 10:51 AM   #5 
  - Oil cartel price fixing and Big Oil oligopoly monopoly on supply  whistle   Jul-22-07 10:55 AM   #6 
  - I thought I read  Mojorabbit   Jul-22-07 11:08 AM   #9 
  - Well perhaps the ESSO/Exxon people have "shit for brains"  whistle   Jul-22-07 03:20 PM   #11 
  - Israel is a pioneer with this process [shale oil]  Yael   Jul-22-07 12:41 PM   #10 
  - The oil companies have become masters of gaming the system.  dkofos   Jul-22-07 10:57 AM   #7 
  - What pirates? They're not angels, but...  TreasonousBastard   Jul-22-07 11:05 AM   #8 
  - Gas prices are high because there's a high demand for that product  taterguy   Jul-22-07 03:36 PM   #12 
 

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