Gas prices

[Campground Cattle]

Branson did not say where he wants to put his refinery, but some analysts said he should not look to the United States, where no one has built a refinery in 29 years.

"My immediate reaction to that is: Not in the U.S.," said Paul Flemming, oil analyst at Energy Security Analysis Inc. "That's definitely more pie in the sky than anything."

In the United States, getting a permit could involve years of navigating local, state, and federal regulations and protests from environmental and community groups, analysts say.

 

[dj]

." Virgin is looking at several locations around the world, including Nigeria and Britain, to build the refinery. Sir Richard believes that it is more likely that the venture will be based in Europe.

 

[dj]

Over the last quarter-century, the number of refineries in the United States dropped to 149, less than half the number in 1981. Because companies have upgraded and expanded their aging operations, refining capacity during that time period shrank only 10 percent from its peak of 18.6 million barrels a day. At the same time, gasoline consumption has risen by 45 percent.
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President Bush has taken notice. Last month, Crown Prince Abdullah of Saudi Arabia, visiting the president at his Texas ranch on April 25, chided him with the message that his country could send more oil, but the United States would not have the ability to refine it. Soon afterward, Mr. Bush offered to provide closed military bases for new refineries.
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September 14, 2005

WASHINGTON (Reuters) - A Republican senator on Wednesday introduced a bill that would offer tax breaks to encourage the construction of new U.S. refineries or upgrades to existing ones, to replace refining capacity lost due to Hurricane Katrina.

"Tax relief that focuses on improving the quantity and reliability of supply, without adversely affecting the environment, will help prevent a repeat of what happened at the pump after Katrina, and help bring prices back down to earth," Sen. Jon Kyl of Arizona said in a statement.

His bill would allow companies to write off, in the first year it goes online, the cost of building a new refinery, rebuilding one destroyed by Katrina, or installing new equipment in an existing facility that increases overall output by 5 percent or more.

 

[Beefy]

they need to come drilling in georgia again. it seeps out of the ground here. you can see it when it rains.