Gas shortages for the East Coast in July?

Discussion in 'Politics' started by Vel, Mar 18, 2012.

  1. Vel
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    Vel Gold Member

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    I wonder how it will effect Obama's re-election campaign to have gas shortages in areas that are normally strongly Democrat territory?
    **************************************************

    As gas prices rise, no relief in sight at pump

    Published March 17, 2012
    | The Wall Street Journal

    U.S. gasoline prices jumped 6% in February, and market experts predict they will climb higher because critical refining operations in the Northeast are shutting down.
    As Northeastern refining capacity declines, it will force distributors in the region to buy gasoline from elsewhere, pushing up prices across the country and increasing the likelihood of price spikes, government officials and analysts warn.
    "There's now going to be a question if we can get enough gasoline into the East Coast for summer," said David Greely, an energy analyst at Goldman Sachs Group Inc. The U.S. Energy Department has warned a shortfall could develop as early as July.


    Read more: As Gas Prices Rise, No Relief In Sight At Pump | Fox News
     
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  2. Care4all
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    Care4all Warrior Princess Supporting Member

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    our number 1 national EXPORT is gasoline....

    have you ever asked yourself, ''How could that be?''

    WHY are oil and gasoline companies shipping our refined gasoline over seas and causing the high gas prices HERE that you speak of.....?
     
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  3. theHawk
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    theHawk Registered Conservative

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    Many countries don't have their own refining capabilities. Some ship their oil to the US to be refined and shipped back.
     
  4. Care4all
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    Care4all Warrior Princess Supporting Member

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    who does that? I think Canada might, but not certain....? I know when keystone pipeline was in discussion, the articles i read said they wanted it refined in the USA so they could sell it and ship it overseas, not back to themselves and NOT for usa consumption? They wanted it refined and sold overseas so that they had LESS refined/gasoline here on the continent, so that THEY COULD KEEP GAS PRICES HIGHER???
     
  5. Seawytch
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    Seawytch Information isnt Advocacy

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    Unfortunately for the RWers, most Americans aren't blaming President Obama for the price of gas. Just like when Bush was President, most blame the OIL COMPANIES (and speculators).

    The "bomb Iran" assholes aren't helping either.
     
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  6. Vel
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    Vel Gold Member

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    I'd guess because they're making more money selling overseas than they can selling domestically OR they're meeting pre-existing contract obligations. Of course, if we were to go all out increasing our supply and our refining capacity, then we wouldn't see prices skyrocket.

    [​IMG]
    http://hotair.com/archives/2012/03/17/usa-an-oil-rich-nation-after-all/
     
  7. Chris
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    Chris Gold Member

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    The rising middle class in developing countries are buying cars and using gas. All that outsourcing produced jobs and consumers there. The US is exporting more gasoline now than ever before. You could put 1000 producing wells on line tomorrow and oil still would be over $100 a barrel.
     
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  8. Vel
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    Vel Gold Member

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    And what will it be if you don't? What will it be next year when even more refineries are offline and the algae is still floating in the pond?
     
  9. Flopper
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    Flopper Gold Member

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    How can there be a gas shortage? There is plenty of gas as long as you pay the price. Gas prices are suppose to peak in early summer which what happens nearly ever summer.
     
    Last edited: Mar 18, 2012
  10. Listening
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    Listening Gold Member

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    It does not help that the U.S. is going to idel nearly 750,000 BPD of refining capacity on the east coast by summer. That is refining capacity we don't have.

    In other words, even if we could produce all our own oil, we don't have the concrete and mortar in the ground to turn it into diesel and gasoline.

    That, due in part, to our lovely EPA and the NIMBY crowd.

    Not all refineries can process all oil. Much of the sweeet crude is being exported to refineries that can only process it.

    SynBit is what would come in the keystone and it would be processed at gulf coast refineries that have soured up. It sells at quite a discount to some of the sweeter crudes.
     
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