Quote:
Originally Posted by LS9CamaroSS
Really?!?!?!? i've heard suspending the gas tax for right now... but then the politicians say they'll impose it on the fuel companies... that won't lower prices of the gasoline... it'll just pass the price onto us the consumer... i say **** the gas tax and burn it... get the oil under Colorado and get our prices where they should be...
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Quote:
Originally Posted by Dragoneye
Wanna hear a real Catch-22?
America is curbing their gas usage. Which is lowering the demand from gasoline refineries (different from oil companies). Which means their refineries are quickly becoming not profitable. So in order to break even, they are raising prices, too.
So: We use less gas - the price Goes UP!
We use more gas - the price Goes UP!
Talk about messed up.....
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We could drill for oil in new places and tap into our reserves and it will make very little difference in gas prices until we can refine oil faster. Which means new refineries. I can't confirm this, but, I was told the last oil refinery was built in 1978. So, that means it is probably pretty efficient with very little waste on 40 year old technology.
This is exactly why OPEC denied President Bush's request to increase oil production. Their answer was, "you can't process it any faster so we won't make any more."