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OT: Oil companies
Quite frankly for somebody that seems to think fighting any issue is pointless, you're sure spending alot of time disagreeing with this issue.
So, have it your way.
OTOH why should you feel the need to attribute childish actions ("no matter how much you stomp your feet") to my arguments?
I think a lot of your statements are wrong, but it's got no value to me to pursue it any further when I get that sort of response and considering how far afield and all encompassing the reply is.
I know some other people that argue just to argue.
I'm going to pass.
Dan
From: "Spewey" <spewey@comcast.net>
Sent: Thursday, July 27, 2006 12:11 PM
Subject: Re: OT: Oil companies
>1 Fighting Chavez with your wallet is pointless. Are you really afraid
> that we couldn't whoop his ass with one hand tied behind Iraq even if he
> has 1 million AK-47s? Or are we losing in Iraq because the population
> is armed? We already tried to sponsor two coups and it only made him
> stronger. Boycotting Citgo hurts good ol' Americans more than
> Venezuelans and in no way affects the price of gas even if they
> completely disappear.
>
> 2 Sour crude does not make high sulfur diesel, it just needs to be
> refined in a different way. A way that we will need more of once the
> light sweet starts running low as it is right now. Refining capacity is
> critical to keeping gas prices down. Any hit on the Gulf Coast proves
> that. An American advocating the closure of Citgo refineries or sour
> crude refineries is cutting off his nose to spite his gas tank. A
> refinery needs to be in a useful place (oil in, pipeline out) and who
> owns it matters little.
>
> 3 Venezuela's heavy crude is so heavy it's almost impossible to suck out
> of the ground. If you count the unsuckable as reserves, they have way
> more oil than anyone. Regular heavy crude is something else and worth
> less everywhere because it makes less gas. Lots of places have heavy or
> sour crude besides Venezuela.
>
> 4 The more expensive oil you buy from abroad, the more money they get.
> Johnny Dubai gets tired of gold chains and wants our ports, some F-16s,
> or what the hey, how about Boeing? All these regimes are getting rich
> not because you buy gas at a particular station but simply because you
> buy gas. Johnny Jihad has noticed that this is your achilles heel no
> matter what kind of towel, turban, or sombrero he wears.
>
> 5 For a smart guy you are as nutty as Chavez sometimes. You are talking
> about a global commodity no matter how much you stomp your feet about
> his company.
>
> ***
>
> "For one thing, although Citgo may be owned by Petr?leos de Venezuela,
> it is a formerly American company which is still headquartered in the
> U.S. (in Houston, Texas), employs 4,000 people, and supplies 14,000
> independent retailers with gasoline and other petroleum products ?
> Americans with no substantive connection to Venezuela who would be
> economically harmed by such an action. And, of course, as long as the
> global demand for oil exceeds supply, Citgo's products will continue to
> find buyers whether or not they're purchased by Americans."
>
> http://www.snopes.com/politics/gasoline/citgo.asp
>
> "A boycott of a couple of brands of gasoline won't result in lower
> overall prices. Prices at all the non-boycotted outlets would rise due
> to the temporarily limited supply and increased demand, making the
> original prices look cheap by comparison. The shunned outlets could then
> make a killing by offering gasoline at its "normal" (i.e., pre-boycott)
> price or by selling off their output to the non-boycotted companies, who
> will need the extra supply to meet demand. The only person who really
> gets hurt in this proposed scheme is the service station operator, who
> has almost no control over the price of gasoline."
>
> http://www.snopes.com/politics/gasoline/gasout.asp
>
> "Since supertankers cannot pass through the Panama Canal, the journey to
> Asia is long and expensive. For now, Venezuela exports only about
> 300,000 barrels of oil per day to China."
>
> http://www.theoildrum.com/story/2006/5/22/165318/469
>
> "Here's the crux of the problem for gasoline consumers and oil
> companies: There's just not enough light sweet crude to meet demand.
> And, while there's plenty of heavy sour crude, a barrel of heavy sour
> crude yields about a third less gasoline than does a barrel of sweet
> light crude. That's if you can refine it to begin with..."
>
> http://www.theoildrum.com/story/2006/7/18/9456/93641
>
> "Refinery capacity figures are thousand bbl per day. Percentages are of
> the ~17mbpd total US operable refining capacity figure used in the EIA
> weekly reports."
>
> http://www.theoildrum.com/story/2005/9/22/11010/0013
>
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