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Who is preventing new refineries??
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<blockquote data-quote="av8torntn" data-source="post: 334316" data-attributes="member: 8259"><p>Brett,</p><p> </p><p>I do not know how interested you are in this subject but I found some things you may be interested in. </p><p> </p><p>Here are some good charts you can look at. I think someone on here suggested that since there are fewer refineries there is less fuel so the price is higher. Table 3,4,5 and Figure 1 are the most interesting.</p><p> </p><p><a href="http://www.eia.doe.gov/emeu/finance/usi&to/downstream/update/index.html" target="_blank">http://www.eia.doe.gov/emeu/finance/usi&to/downstream/update/index.html</a></p><p> </p><p> </p><p>This is a pretty good and basic article.</p><p> </p><p><a href="http://www.eia.doe.gov/emeu/finance/usi&to/downstream/" target="_blank">http://www.eia.doe.gov/emeu/finance/usi&to/downstream/</a></p><p> </p><p> </p><p>Here are some interesting facts from the Department of Energy.</p><p> </p><p style="text-align: left">Worldwide production of oil by FRS companies increased by 0.4 percent in 2006 while production of natural gas increased 1.5 percent.</p> <p style="text-align: left">Finding costs for FRS companies increased to $17.23 per barrel of oil equivalent in the 2004-2006 period, 51 percent higher than the previous period (2003-2005).</p> <p style="text-align: left">Lifting costs increased 17 percent to $8.32 per barrel of oil equivalent in 2006.</p> <p style="text-align: left">Finding and lifting costs combined increased to 39 percent to $24.29 per barrel of oil equivalent in 2004-2006, the highest since the 1983-1985 period.</p> <p style="text-align: left"></p> <p style="text-align: left">Not to leave you out BS here is an article to challenge your way of thought a little.</p> <p style="text-align: left"></p> <p style="text-align: left"><a href="http://www.cato.org/pub_display.php?pub_id=6440" target="_blank">http://www.cato.org/pub_display.php?pub_id=6440</a></p> <p style="text-align: left"></p> <p style="text-align: left">And this one since you brought up China.</p> <p style="text-align: left"></p> <p style="text-align: left"><a href="http://www.cato.org/pub_display.php?pub_id=8821" target="_blank">http://www.cato.org/pub_display.php?pub_id=8821</a></p></blockquote><p></p>
[QUOTE="av8torntn, post: 334316, member: 8259"] Brett, I do not know how interested you are in this subject but I found some things you may be interested in. Here are some good charts you can look at. I think someone on here suggested that since there are fewer refineries there is less fuel so the price is higher. Table 3,4,5 and Figure 1 are the most interesting. [URL]http://www.eia.doe.gov/emeu/finance/usi&to/downstream/update/index.html[/URL] This is a pretty good and basic article. [URL]http://www.eia.doe.gov/emeu/finance/usi&to/downstream/[/URL] Here are some interesting facts from the Department of Energy. [LEFT]Worldwide production of oil by FRS companies increased by 0.4 percent in 2006 while production of natural gas increased 1.5 percent. Finding costs for FRS companies increased to $17.23 per barrel of oil equivalent in the 2004-2006 period, 51 percent higher than the previous period (2003-2005). Lifting costs increased 17 percent to $8.32 per barrel of oil equivalent in 2006. Finding and lifting costs combined increased to 39 percent to $24.29 per barrel of oil equivalent in 2004-2006, the highest since the 1983-1985 period. Not to leave you out BS here is an article to challenge your way of thought a little. [URL]http://www.cato.org/pub_display.php?pub_id=6440[/URL] And this one since you brought up China. [URL]http://www.cato.org/pub_display.php?pub_id=8821[/URL][/LEFT] [/QUOTE]
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