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OT: Oil companies
Pssst, Dan....
*puts hand to talk behind* It's projection. :D
David
Dan Bubb wrote:
> 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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