On Tue, 06 Nov 2007 20:38:19 -0800, Enough Already wrote:
> On Nov 4, 2:59 pm, Phil Hays wrote:
>> Les Cargill wrote:
>> > What is going to limit things to make it the same amount of resources?
>> > The only thing that's in "short supply" is oil. It's not in any shorter
>> > supply than before - nobody has finished the peak oil argument, and the
>> > factors driving up oil prices are logistical - principally lack of
>> > refinery capacity and uncertainty due to American involvement in Iraq.
>>
>> Why does lack of refinery capacity increase oil prices?
>
> It makes it harder to meter out the oil as demand keeps rising. But, I
> don't think it should be made a scapegoat, as it distracts from the
> need to use less.
The price of a barrel of oil on the world market us what is referred to as
"oil prices". "Oil prices" are the price of the commodity before it is
refined.
>> If there was less refinery capacity than needed, oil prices would fall,
>> and prices of the products of refineries (gasoline, heating oil, jet fuel)
>> would rise.
>
> The term "oil prices" is used generically to mean those very things.
Not it the real world. Not when you hear on the news that the price of
oil is near $100 a barrel.
>> I don't disagree that the American occupation of Iraq has made matters
>> worse. I really am puzzled by the claims that lack of refinery capacity
>> increases crude prices.
There is no puzzle to it. The people that want to use high oil prices to
bludgeon those who do not want to drill the ANWR will say whatever they
think will rile up the mob. Neither rightards nor moonbats are rational
so the facts nor the reality come into play. It is all emotion based.
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend
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