Article

2005-10-27 Home Front: Economy

Senate-Panel Deadlock Imperils Oil-Refinery Incentives This Year

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Posted by lotp 2005-10-27 09:21|| || Front Page|| [1 views since 2007-05-07] Top

#1 I think that's one of the few ideas I have ever agreed with, coming from Senator Clinton. The other was not listening to Sheehan!

Posted by Danielle 2005-10-27 10:53|| 2005-10-27 10:53|| Front Page Top

#2 "We ought not to feed that greed, " said
Sen. Frank R. Lautenberg (D., N.J.).

an expert on the subject.

Posted by Red Dog 2005-10-27 12:34|| 2005-10-27 12:34|| Front Page Top

#3 Danielle, the alternative fuels everyone talks about (hydrogen, ethanol) are generally a scam; they're dependent on conventional hydrocarbons for their manufacture.

Everyone's using the fact that profits are good for the majors as an _excuse_ to keep from doing anything to shore up oil production in _this_ country.

Hillary and her strict party-line discipline (and the rest of her party) helped _create_ the higher oil prices that she's complaining about, which is to me the height of hypocricy.

Posted by Phil 2005-10-27 12:47|| 2005-10-27 12:47|| Front Page Top

#4 A refinery (or, to take another oil-field example, the Mars Project) takes a decade or more to pay off. The government is more than welcome to complain about high profits one year as soon as they're willing to make up the shortfall during the bad years.

(Three years after the bottom fell out of the oilfield in the US in '85 and just about everyone lost their jobs, they revoked the windfall profits tax. I guess they were worried someone was going to request a refund on their negative profits.)

Posted by Phil 2005-10-27 12:49|| 2005-10-27 12:49|| Front Page Top

#5 BTW, in case y'all were wondering, the rumor going around the grapevine is that it's going to take about a year to get the Mars Project (a deepwater project way out in the Gulf) about a year to get repaired from the damage from Katrina.

Posted by Phil 2005-10-27 14:48|| 2005-10-27 14:48|| Front Page Top

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