Gas Prices Set Soar: US Refineries Close

abiotic oil agrees with the greed part, but not peak oil.

Every time we see stories like this, they turn out to be completely wrong....in the summer/fall ...prices will fall back under 3.

Guaranteed.

And the peak oil endoftheworld crowd look like fucking dumb asses...

OP what does CCW stand for. Acronyms without explanation mean nothing to most people.

Absolutely, because by then what's left of the economy will go up in smoke, and everyone will be too damn broke to buy gas anyway. It's called a Depression, and it's comin', folks.

Uh huh....care to make a wager on that? I'll wager you a sack of oranges you are wrong. There is no precedent support this claim you have made.

BTW, CCW, Concealed Carry Weapons Permit.

Gas is already 4.39 here in Northern California. I have cut back driving considerably. Looks like it was a good decision to buy a fuel efficient car as my new car gets 30 mpg.

Sadly, you would have lost the majority's interest in this, when you mentioned common sense. That seems to make people upset.

Commonsense, ain't all that common, sir. The problem, as I see it, is one of skills shortages. Take the husband of my son's girlfriend.

He's an executive in finance. Smart guy. I helped him build a fence recently for one of his dogs. He actually knows how to use a hammer and saw.

Well, this led to discussion that one of his young execs under him is a young man, 27, and he had a flat and could not change the tire. Had NO CLUE.

When a major economic event occurs, who is going to fair the best are the people that care for themselves, which in the USA ain't many.

It's simple, take a shop class yah dummies.

Steve Bruhle....

LOL....you got a lot of reading to do junior

lolwut. Your son has a girlfriend who has a husband?

>>" Southern California Arco Stations to Close "<<

[link to www.ktla.com]

Must be preparing to head for the bunkers.

I work in the petro industry and BP as well as Marathon in the Northeast are sinking billions into some of their refineries. Perhaps Sunoco is just following and swallowing.

There is a glut of oil. Check container rates and storage. This is the same old nonsense of jacking oil prices up by claiming external events. Next you will have the Nigerian rebels bombing a refinery or Nigerian oil workers going on strike. Same old crap.

So how many refineries are up and running in the US?

Depends on the definition of "up and running".
Since the cold war the US have bought petroleum whenever the price has dropped.
The US is is paranoid about the supply of gasoline in the event of a world wide conflict.
They have been re-stocking Texas oil fields since the 50's.
The US has stocks for at least 10 years (for Military purposes)
This has been a sound policy but the attempt to keep it secret is laughable.

i dunno about all this. I live in Houston and my father works at one of the refineries there. He told me that the company he works for is working on building 250 oil reserve tanks. Refineries shut down units from time to time for maintenance but i highly doubt they would shut an entire refinery down.

I never thought you had so many.

[link to en.wikipedia.org]

Uh, sorry people, we're shutting down because it cost too much to make gas. Where is the $4.00 a gal. going.? Isn't that what businesses do? Make a product and then sell it at higher price to make a profit.

Then it's official, the dollar is dead!

Ive had the privilege of working in the oil and gas indusrty.....well it might be true that sunoco and them are closing these refineries what I do know is that they sold out previously before that anyway... and chose not to upgrade in the past to more modern refinery equipment.The refineries still making money are the ones that chose to take steps to increase efficiency before the increase in gas prices after 2003....all indian refineries are making money refining these days because they chose to increase the efficiency of their machines.So I must call BS

You may be right, but it will only fall under $3 if we have another financial collapse like '08. That's the only time prices had gotten this high before.

OP you are a piece of work. on your "get your ccw". You make me wanna puke.

when gas prices spiked a couple of years ago, the oil companies reported record profits.

you're saying the slight increases in efficiency are the only thing keeping the other refineries profitable? BULLSHIT. the oil/petrochemical industry is the biggest and most profitable industry in the world [that actually deals with tangible resources.] only financiers make more money, but they're the ones running the oil corps anyway.

increased price for crude? that's passed onto the consumer! profits for the oil corps goes up regardless!

THIS IS ALL ABOUT CRIPPLING CHINA SO THEY CANNOT GROW AS THEY HAD WANTED TO.

scare tactics.

I call bullsh*t.



At current oil prices.....we are supposed to believe that they can't make money???




The TRUE REALITY is.....if you shut down refineries...
you constrict supply......UP GO THE PRICES....AS PER OBAMA'S PLAN ALL ALONG.



:gasprices:

Last Edited by Useless Cookie Eater on 03/18/2012 08:50 PM

Do NOT get a CCW... I say again... do NOT get a CCW. And get a Katadyn Pocket Water filtration system. Expensive, but worth it.

ccw's are ok if you want the government to know you have a gun.

when they come for the guns, you can be sure they'll be goin down the list of ccw permits.

for REALITY

the refineries are shutting down in the US, because it's cheaper to refine in the developing nations. the job is being outsourced. that's all that is going on.