[realeyz]

Hi Gang

I was talking to someone earlier today about oil, gas and the war and had a few questions:

1) Why is the SPR being opened if we don't have the refinery capacity to handle it?

2) I heard that a new refinery has not been built in America in 25 years - if this is true then how have we been able to accomodate our countries increasing demand capacity over those years? Did we build more refineries than we needed back then or improve capacity to existing ones over time?

3) Is the war in Iraq in any way responsible for the increase in oil prices over the last 2 years? If so then how?

4) Is the recent increase in oil prices really due to peak oil or more due to fear, refinery capacity, and the Iraq war? All my research about PO has led me to believe PO is more of a longer term effect than just what we have experienced this last year.

Thanx and sorry if these have been discussed elsewhere before - I am just having a hard time nailing down answers to these specific questions.

- todd

[rogerhb]

1. It does not have to make a difference, just give the illusion of "The President is Doing Something".

2. Refineries are running at maximum capacity at the moment and blowing up on a regular basis recently.

3. The fact that Iraq is producing less oil now than during Sadam's rule with sanctions is not going to help.

4. If you read the papers and watch the news the prices rises are blamed on exactly everything except Peak Oil. The MSM would blame prices rises on Uncle Fred's cat having hiccups rather than Peak Oil.

[gego]

$this->bbcode_second_pass_quote('realeyz', '
')1) Why is the SPR being opened if we don't have the refinery capacity to handle it?

[Z]

My 2 cents ( adjusted for inflation )

$this->bbcode_second_pass_quote('realeyz', '1')) Why is the SPR being opened if we don't have the refinery capacity to handle it?

[cammo2004]

$this->bbcode_second_pass_quote('realeyz', 'H')i Gang

I was talking to someone earlier today about oil, gas and the war and had a few questions:

1) Why is the SPR being opened if we don't have the refinery capacity to handle it?

2) I heard that a new refinery has not been built in America in 25 years - if this is true then how have we been able to accomodate our countries increasing demand capacity over those years? Did we build more refineries than we needed back then or improve capacity to existing ones over time?

3) Is the war in Iraq in any way responsible for the increase in oil prices over the last 2 years? If so then how?

4) Is the recent increase in oil prices really due to peak oil or more due to fear, refinery capacity, and the Iraq war? All my research about PO has led me to believe PO is more of a longer term effect than just what we have experienced this last year.

Thanx and sorry if these have been discussed elsewhere before - I am just having a hard time nailing down answers to these specific questions.

- todd

[NEOPO]

$this->bbcode_second_pass_quote('realeyz', 'H')i Gang

I was talking to someone earlier today about oil, gas and the war and had a few questions:

1) Why is the SPR being opened if we don't have the refinery capacity to handle it?

2) I heard that a new refinery has not been built in America in 25 years - if this is true then how have we been able to accomodate our countries increasing demand capacity over those years? Did we build more refineries than we needed back then or improve capacity to existing ones over time?

3) Is the war in Iraq in any way responsible for the increase in oil prices over the last 2 years? If so then how?

4) Is the recent increase in oil prices really due to peak oil or more due to fear, refinery capacity, and the Iraq war? All my research about PO has led me to believe PO is more of a longer term effect than just what we have experienced this last year.

Thanx and sorry if these have been discussed elsewhere before - I am just having a hard time nailing down answers to these specific questions.

- todd

[pup55]

correct answer for #2: Although no new "refineries" have been built, all of these existing refineries have frequently been expanded, upgraded and debottlenecked to increase throughput. So, the overall capacity has expanded without any new actual greenfield refineries being built.

[retiredguy]

What I heard yesterday was that a Shell refinery in western LA, which wasn't damaged but was cut off from its supply of crude, asked for 500,000 barrels from the SPR to keep working.