gas company profits

[Campground Cattle]

If we lifted all the regulations (permanantely) that were put in place by the EPA for the last 20 years or so, would that make
it easier to refine/produce more gasoline/diesel? Wouldn't it also encourage more investment in building new refineries?

If so, I don't understand why the President or Congress doesn't push for this. :?:

Bobcat you are right to a point as the EPA reg's are constantly changing no one wants to sink 3 billion in a new refinery that might not be able to produce EPA grade fuels when its complete. Takes 3 to 5 years to build.
We also have the tree huggers filing law suit after suit not in my backyard. The liberals are driving us into a third world nation. How many real construction jobs do you see we have went from a manufacturing nation to a service nation putting us as the mercy of the world.
Another reason is it has not been profitable to be a refiner, that is why so many of our oil companies are gone. The money side of the business has been production.
The big oil companies got big monetizing crude, they owned the crude a lot which had been drilled for dollars a barrel refined it and sold on a commodities market making profits.
As our crude supply couldn't keep up with demand they had to start buying crude and paying high prices for what was once a cheap resource.
Example 70.00 crude from Saudi
Thats a 1.66 a gallon in the gate of the refinery
7 cents refining cost
1 to 2 cents a gallon profit at the refinery
17 cents a gallon transportaion cost by pipeline( not counting trucking cost or waterborne)
Average 40 cents a gallon tax
10 cents to make special Epa regs
Plus 20 cents at the retailer
Not counting the speculators
You are at 262 a gallon

It is easier to produce diesel. Diesel can be converted to gasoline through catalytic reactions. FCCU, HydroCrackers charge diesel and convert it to gasoline and chemical feedstocks.This is why diesel prices are so high refiners are converting diesel to gasoline to meet demand of the American public. Today most refineries through technology convert 80% to 90% of a barrel to gasoline or chemical feedstocks. We have no new technology Cat Cracking process early 40's Reforming 50's Hydrocracking 60's Resid hydrotreating 70's.
Resid hydrotreater takes coal like feed and converts it to gasoline, kerosene and diesel. The last one built in this country in the early 80's cost 2 billion dollars for one unit.

 

[Frankie]

cc said:

Frankie this isn't the first time you have tried to discredit. You try to pick a lot of fights it's my way or the highway. You have a very tree hugger attitude defending the EPA. Its all right for China or Mexico to burn any type of fuel and us to have shortages,I clearly see your loyalty doesn't lie with the U.S. You have stated before you don't want the refineries but you want cheap fuel and cry and whine. I guess your one of the tree huggers that think Katrina is Bush fault just like Cat 5 Camile in 69 and Cat 5 Carla in 61 oh hell the 1900 storm on Galveston is probablly his fault as well as the oil companies.

I think you're the one crying and whining. I never said I didn't want refineries. You're being dishonest like Caustic by claiming I said something that I didn't. I'm loyal to the US, not to big oil companies. I'm not sure we can say the same about you.

I pointed out that your claim about a lack of refining capacity is not the cause of high gasoline prices. Instead of refuting my claim, you call names. I'm more than willing to have a discussion if you can show me something that offsets the fact that refining capacity in the US is the same last week as it was in 2003. You can't. Thus, you can't claim refining capacity is the cause of high gasoline prices. Well, you can make the claim, but I'll continue to disagree when I see such a post. You say that's picking a fight, then I'll plead guilty. My opinion is based on obvious facts, # of refineries in the US, the price of gasoline in '03 and today, oil company profits.

Having friends and family live with pollution and destruction caused by oil companies twenty years ago makes me appreciate the good things the EPA has been responsible for. There are younger people who never heard of the Love Canal and other environmental disasters that have been caused by big business.

As for Katrina, there are already posts on the net showing that President Bush cut funding for the Corps of Engineers in New Orleans to fund the Iraqi war. But that's politics and Macon doesn't want us discussing politics so I won't.

 

[Campground Cattle]

Frankie just admit it you are a tree hugging liberal.
You are anti American socialist. Bet you were one of those protesters in front of the Crawford Ranch huh.

PS you complain about Bush how bout Clinton sending Billions to take care of AIDS in Africa. Personally I don't care if everone of them dies. Stop all foriegn aid today why don't you complain about that.

 

[WORANCH]

This is to all the people that are crying about gas prices. You don't know how big a bargin you are getting. In the last 25 years most things have tripled in cost.

In 1978 was the first time I saw gas for $1.00 a gallon in Texas. The same year I bought a new truck for $6,300.00. I bought my last truck in 2001 for $36,000. If gas increased at the same rate we would of been paying $6.00 a gallon in 2001.

This just means that people might not be able to go to the movies every weekend and you might not be able to go to McDonalds everyday for breakfast might not be able to take that boat to the lake every weekend. The people that it is going to hurt the worse are the ones making minimum wage. Here in Arkansas I think the minimum wage is about $5.15. People that are willing to work (not many)can't make a decent living.

Instead of crying about the price of gas you should be thankful you live in a county where you can bit$h about things you don't like. We have people dying every day in Iraq so you have the right to complain.

Thanks bez for posting the price of gas in Canada. Gas in Canada and Europe has always been much higher than it is here in the U.S.

Do I like the price of gas NO but we will all learn to live with it .


I'm off the soap box now.

 

[Campground Cattle]

cc said:

Frankie this isn't the first time you have tried to discredit. You try to pick a lot of fights it's my way or the highway. You have a very tree hugger attitude defending the EPA. Its all right for China or Mexico to burn any type of fuel and us to have shortages,I clearly see your loyalty doesn't lie with the U.S. You have stated before you don't want the refineries but you want cheap fuel and cry and whine. I guess your one of the tree huggers that think Katrina is Bush fault just like Cat 5 Camile in 69 and Cat 5 Carla in 61 oh hell the 1900 storm on Galveston is probablly his fault as well as the oil companies.

I think you're the one crying and whining. I never said I didn't want refineries. You're being dishonest like Caustic by claiming I said something that I didn't. I'm loyal to the US, not to big oil companies. I'm not sure we can say the same about you.

I pointed out that your claim about a lack of refining capacity is not the cause of high gasoline prices. Instead of refuting my claim, you call names. I'm more than willing to have a discussion if you can show me something that offsets the fact that refining capacity in the US is the same last week as it was in 2003. You can't. Thus, you can't claim refining capacity is the cause of high gasoline prices. Well, you can make the claim, but I'll continue to disagree when I see such a post. You say that's picking a fight, then I'll plead guilty. My opinion is based on obvious facts, # of refineries in the US, the price of gasoline in '03 and today, oil company profits.

Having friends and family live with pollution and destruction caused by oil companies twenty years ago makes me appreciate the good things the EPA has been responsible for. There are younger people who never heard of the Love Canal and other environmental disasters that have been caused by big business.

As for Katrina, there are already posts on the net showing that President Bush cut funding for the Corps of Engineers in New Orleans to fund the Iraqi war. But that's politics and Macon doesn't want us discussing politics so I won't.

And again more false liberal garabage http://www.epa.gov/history/topics/lovecanal/02.htm
As the Clean air act is totally different from the Clean water act. hooker chemical was not a gasoline refiner.
Do you really think that the jet stream that is over China doesn't move across the US. We are paying high prices to get cleaner burning gasoline, and the othe countries don't. Its cheaper to make diesel and ship to third world countries than to refine it to US specs. These are not American companies anymore but global. Why doesn't the EPA go after Volcanoes On an average day the summit caldera of Kilauea releases between 90 and 150 metric tonnes of SO2. The combined emissions from the summit and east rift zone typically average around 2,000 tonnes per day. Since the fall of 1997, the values have sometimes exceeded 4,000 tonnes. For comparison, no single power plant in the U.S. emits more than 700 tonnes of SO2 per day.
These US plants are having to meet EPA standards. Of course we all know China India and Indonesia meet these strict standards also. So we have to pay the penality to clean up the Jet stream that mother nature and other countries don't have to abide by.

 

[Muratic]

Hey, this is good. I been hanging out at ranchers to get some more knock down drag out arguments. But since all the trouble makers were away for the weekend over there I thought I'd stop back to bug ya'll.

I don't visit this eutopia of cattle forums for a few weeks and look what I miss. Someone is going to have to start e-mailing me when there is something juicy going on here.

Makes me wonder what else I've missed.