Cowpuncher,
dis is much worse than an economic idiot. He/she/it is an unpatriotic, anti-military economic idiot. And did I mention dis is also a pompous, arrogant, ignoramus with anti-social tendencies who calls folks bad names when they don’t agree with the vomit he/she/it posts?
If I left out any derogatory statements to slam this creep with, it’s because I’ve had a long day in the lambing shed and over-used most of the same names on several uncooperative ewes.
OK, dis, this next is addressed to you:
I think oil companies will build more piplines when it's profitable for them to do so, just like they'll build more refineries when it's profitable.
I just told you how the companies in the Williston Basin are taking a beating because they can ship their oil with the existing pipelines. Or are they just taking that 50% cut in profits because they feel sorry for us?
BS. There are the same number of refineries working in the US today as there were two years ago.
You darn right there are the same number of refineries as there were two years ago. I just told you that NO REFINERIES HAVE BEEN ALLOWED TO BE BUILT FOR THIRTY YEARS. Not since 1976!!! Did you hear me this time????
BS. The "profit" on a barrel of oil depends on who's selling it. The big oil companies get a lot of oil from leases already contracted. Their costs haven't gone up, but they're getting several times as much for that barrel of oil as they did two, three years ago. And you're trying to tell me their "profit" is the same. Get real. I understand profit fine. I understand price gouging even better and that's what's happening at our gas pumps today. There's no way the oil companies can justify the prices we're paying. Gasoline is down a nickel here since Bush proposed investigating price gouging. Since no one really believes he'll do it, the price probably won't go down much more.
Dis, if I didn’t already know that your stupidity has no limits, these latest posts of yours leave no doubt as to what an absolute idiot you really are - not to hurt your feelings or anything...
The 8 to 9 cent profit I quoted – I suppose you think that came from some “flaky right wing whacko”? Nope. Directly from one of your heroes, Dick Durbin in an interview on ABC!!!
Does a 9 cent profit seem like an obscene margin to you? Have you ever done business in the private sector or have you been living off the government all your life?
And no, the price is not going to go down in the foreseeable future, even if God himself conducted the investigation.
I don’t have the time to try to explain the laws of supply and demand to anyone as thick-skulled as you obviously are, but as long as the rest of the world is willing to pay the going price for oil, no matter what country it comes from, the price is NOT going to go down.
Just take my word for it, okay?