Refineries have never been impacted in this way before. 15% to 20% of the gasoline refining capacity is of line (either under water or without power to operate.
That doesn't solve the refining issue, unless your car can burn raw unrefined crude oil. BTW, he is alowing refineries that don't have oil to refine to borrow oil from the reserve. There you go,
You give W WAY too much credit. Tell us all here how W will force the Chinese to stop bidding up the price!
Well, one tionk you've gotten mostly correct. The problem right now is refining capacity.
I agree, that would be worthwhile.
Cite the closing of refineries claim.
Your anger is misplaced. remember the last time this happened, there was a Democratic congress and a Democrat in the whitehouse. the fact is, the US government (by itself) can only influence world commodities markets marginally. They can't control them. The only people that have the power is us, by how we use energy and how efficiently we use it. Which is a lesson I thought we learned back in the 1970's...but, alas have apparently forgotten.
Uhm, it was 1973 and 1979...and Democrats were in control of congress in both cases and the Whitehouse as well in the case of 1979.
