There is NO OIL SHORTAGE in the USA ; There is a REFINING SHORTAGE....

[Double T]

I find the BIG OIL REFINING companies, that produce gasoline, to be the lowest form of corporate lack of conscience that exists. There is plenty of oil available for refining but the BIG OIL REFINING companies have engineered a limited number of oil refining facilities throughout the country and NOW in a time of crisis, these corporate scoundrels are PRICE GOUGING with the help of speculative investors. As usual, D.C. sits on the side lines, when it comes to BIG OIL companies and says and does nothing. How outraged are you?!?!?!

[NewWaveChick1981]

1. I'm furious...

Thanks to the almost total lack of maintenance and upgrades to refineries since the late 70s, let alone the lack of building new ones, there is no capacity to process the abundant crude oil here. It sounds like the way the Mob does business---siphon off profits and let the infrastructure crumble. Record oil company profits and skyrocketing prices should be a huge clue that consumers are being railroaded.

A few months ago, I heard an OPEC official say this exact thing---"Oil is not the problem. It's the American refining infrastructure that cannot handle the supply." He was right.

[Chocolatebison]

2. Nobody wants new refineries in their areas anyway

NIMBY

[Triana]

3. bu$hit is an oil tycoon...

..and Dems are spineless enablers. Whatdya expect?

[zbdent]

4. The only shortage is really going to be

in the pockets.

The "refining shortage" ? I don't think so.

Remember all the previous calls for "releasing the reserve"? The Repukes kept saying "Well, it would take a month to process that oil anyway . . ." so the effect would be delayed, at best.

[bpilgrim]

5. why is that, in our corporate dominated society?

because they KNOW there wont be enough supply to justify it in the coming years.

PEAK OIL

peace

[robertpaulsen]

7. Bingo. And our country peaked back in 1970.

It's THE WORLD that's heading for its own peak of production.

[Zynx]

6. Indeed. Even if we had 10 million bpd more capacity in oil, gasoline

would remain the same since we already are running our refineries at 100% capacity.

[rman]

8. Don't expect conscience from corporations,

it's not what they are designed for. (www.thecorporation.com)

What we should expect is for our conscience to be reflected in our government, resulting in socially responsible regulation of corporations.

If that would have been the case we would have started preparing for peak oil decades ago.

[SammyWinstonJack]

9. And they did this why? So they could sell the oil produced in the US

on the open market for a tidy profit?