Location of Refineries?

[Gulfer]

Gas prices could top $10/gallon.

speaking of panic and hyperbole....c'mon..now

[BReb]

If people start paying enough for gas here, foreign refineries will want a piece of the action and start shipping refined gasoline to the US. Money talks.

[gtalum]

If people start paying enough for gas here, foreign refineries will want a piece of the action and start shipping refined gasoline to the US. Money talks.

That's already been happenign for quite a while. We don't have enough refinery cpaacity to refine all fo our own fuel, even when they're all running. We will just shift some more rtefining overseas until we bring them back up.

And as for crude oil supply, the national reserve has enough to completely replace Gulf Production for almost two years. One thing that President Bush has definitely done right is to build the reserves up to well over where President Clinton had kept them.

It's not nearly the gloomy situation that some hypesters would have us believe.

[pup55]

national reserve has enough to completely replace Gulf Production for almost two years

Strategic Petroleum Reserve: 700 million barrels (currently)
GOM production: 500 million barrels per year
1.4 years replacement.

[pcwick]

Strategic Petroleum Reserve: 700 million barrels (currently)
GOM production: 500 million barrels per year
1.4 years replacement.

Location of Strategic Oil Reserves


Lotsa stuff about the Strategic Oil Reserves
http://cryptome.org/spr/spr-eyeball.htm

[oneness]

national reserve has enough to completely replace Gulf Production for almost two years

Strategic Petroleum Reserve: 700 million barrels (currently)
GOM production: 500 million barrels per year
1.4 years replacement.

If any one thinks a heap of the strategic reserve is going to be utilised to keep prices at the pump down, I think you will find you’re in for a shock. The strategic reserve is a stockpile designed to be a buffer in time of international strategic conflict. Some may be expended when absolutely essential, but as little as possible.

What could occur instead to prevent a shortfall of supply and crippling price rises is a formal system of rationing. For example, banning certain private vehicles on certain days etc. Like all non commercial vehicles with number plates with a first numeral being an odd number, can drive a maximum of 50 miles on Mon Wed and Fri … even numbers Tues, Thurs and Sat … no one gets to drive on Sundays.

[bryanj]

Hey all, newbie here. It seems amazing to me that after Katrina forced the opening of about 30 million barrels from the SPR, only about 13 million have been requested. This definitely points to plenty of crude available to refine, but no capacity to refine it. If Rita turns more to the north and affects LA more than TX, this storm will have less short term affects on prices as most facilities in that area are still off-line. It may have more long term impacts as the work to bring those facilities back on-line will have to delayed or more damage could occur causing more necessary repairs...... Just my 2 cents...

Bryan