Religions > Atheism > Remember When Fred Stone Blamed "Tree Huggers" For Lack of Refineries? (GOP, The Party of Treason)
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Religions > Atheism |
| User: |
"Yang, AthD h.c, Kicking AWOLs Cocaine Snorting Ass" |
| Date: |
08 Sep 2005 06:45:09 AM |
| Object: |
Remember When Fred Stone Blamed "Tree Huggers" For Lack of Refineries? (GOP, The Party of Treason) |
"Group: Internal memos show oil companies limited refineries to drive
up prices"
http://rawstory.com/news/2005/Group_Internal_memos_show_oil_companies_limited_refineries_to_drive_up__0907.html
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Yang
a.a. #28
AthD (h.c.) conferred by the regents of the LCL
a.a. pastor #-273.15, the most frigid church of Celcius nee Kelvin
EAC Econometric Forecast and Sorcery Division
Proudly plonked by Lani Girl and Crazyalec (aka aka Yang's little poltregeist *****)
The Bush 'balanced' budget: 1.6 trillion and worsening
The Bush 'economic' policy: 12.5 million FEWER jobs than Clinton and counting
The Bush Iraq lie: -1893 GIs, one friend's co-worker's son and mounting
Having Bush ***** up my country: Worthless
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| User: "torresD" |
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| Title: PROOF THAT LIBERALS ARE REALLY STUPID ==> Remember When Fred Stone Blamed "Tree Huggers" For Lack of Refineries? (GOP, The Party of Treason) |
08 Sep 2005 08:07:02 PM |
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On Wed, 07 Sep 2005 23:45:09 -0700, "Yang, AthD (h.c), Kicking AWOL's
Cocaine Snorting *****" <eacmole@/*AWOLBUSH*/mail.com> wrote:
"Group: Internal memos show oil companies limited refineries to drive
up prices"
http://rawstory.com/news/2005/Group_Internal_memos_show_oil_companies_limited_refineries_to_drive_up__0907.html
-----
Yang
a.a. #28
AthD (h.c.) conferred by the regents of the LCL
a.a. pastor #-273.15, the most frigid church of Celcius nee Kelvin
EAC Econometric Forecast and Sorcery Division
Proudly plonked by Lani Girl and Crazyalec (aka aka Yang's little poltregeist *****)
The Bush 'balanced' budget: 1.6 trillion and worsening
The Bush 'economic' policy: 12.5 million FEWER jobs than Clinton and counting
The Bush Iraq lie: -1893 GIs, one friend's co-worker's son and mounting
Having Bush ***** up my country: Worthless
.
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| User: "stoney" |
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| Title: Re: Remember When Fred Stone Blamed "Tree Huggers" For Lack of Refineries? (GOP, The Party of Treason) |
15 Sep 2005 08:16:46 PM |
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On Wed, 07 Sep 2005 23:45:09 -0700, "Yang, AthD (h.c), Kicking AWOL's
Cocaine Snorting *****" <eacmole@/*AWOLBUSH*/mail.com> wrote:
"Group: Internal memos show oil companies limited refineries to drive
up prices"
http://rawstory.com/news/2005/Group_Internal_memos_show_oil_companies_limited_refineries_to_drive_up__0907.html
Group: Internal memos show oil companies limited refineries to drive
up prices
09/07/2005 @ 9:44 am
Internal Texaco memo, March 1996
The Foundation for Taxpayer and Consumer Rights (FTCR) today exposed
internal oil company memos that show how the industry intentionally
reduced domestic refining capacity to drive up profits, RAW STORY has
learned.
The three internal memos from Mobil, Chevron and Texaco illustrate how
the oil juggernauts reduced refining capacity and drove independent
refiners out of business in an effort to increase prices. The highly
confidential memos reveal a nationwide effort by American Petroleum
Institute, the lobbying and research arm of the oil industry, to
encourage major refiners to close their refineries in the mid-1990s.
"Large oil companies have for a decade artificially shorted the
gasoline market to drive up prices," said FTCR president Jamie Court,
who successfully fought to keep Shell Oil from needlessly closing its
Bakersfield, California refinery this year. "Oil companies know they
can make more money by making less gasoline. Katrina should be a
wakeup call to America that the refiners profit widely when they keep
the system running on empty."
"It's now obvious to most Americans that we have a refinery shortage,"
said petroleum consultant Tim Hamilton, who authored a recent report
about oil company price gouging for FTCR. "To point to the
environmental laws as the cause simply misses the fact that it was the
major oil companies, not the environmental groups, that used the
regulatory process to create artificial shortages and limit
competition."
The memos from Mobil, Chevron and Texaco show the following.
-- An internal 1996 memorandum from Mobil demonstrates the oil
company's successful strategies to keep smaller refiner Powerine from
reopening its California refinery. The document makes it clear that
much of the hardships created by California's regulations governing
refineries came at the urging of the major oil companies and not the
environmental organizations blamed by the industry. The other
alternative plan discussed in the event Powerine did open the refinery
was "....buying all their avails and marketing it ourselves" to insure
the lower price fuel didn't get into the market.
-- An internal Chevron memo states; "A senior energy analyst at the
recent API convention warned that if the US petroleum industry doesn't
reduce its refining capacity it will never see any substantial
increase in refinery margins."
-- The Texaco memo disclosed how the industry believed in the
mid-1990s that "the most critical factor facing the refining industry
on the West Coast is the surplus of refining capacity, and the surplus
gasoline production capacity. (The same situation exists for the
entire U.S. refining industry.) Supply significantly exceeds demand
year-round. This results in very poor refinery margins and very poor
refinery financial results. Significant events need to occur to assist
in reducing supplies and/or increasing the demand for gasoline. One
example of a significant event would be the elimination of mandates
for oxygenate addition to gasoline. Given a choice, oxygenate usage
would go down, and gasoline supplies would go down accordingly. (Much
effort is being exerted to see this happen in the Pacific Northwest.)"
As a result of such pressure, Washington State eliminated the ethanol
mandate - requiring greater quantities of refined supply to fill the
gasoline volume occupied by ethanol.
Abridged and edited from a release.
--
Contempt of Congress meter reading-offscale.
Hello, theocracy with a fundamentalist US Supreme
Court who will ensure church and state are joined
at the hip like clergy and altar boys.
America 1776-Jan 2001 RIP
"As democracy is perfected, the office of president
represents, more and more closely, the inner soul
of the people. On some great and glorious day the
plain folks of the land will reach their heart's
desire at last and the White House will be adorned
by a downright moron." --- H.L. Mencken (1880 - 1956)
Religion is the original war crime.
-Michelle Malkin (Feb 26, 2005)
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