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SportTrac Discussion
Engine & Drivetrain
ExxonMobil earns Record $10 Billion Profit in Quarter
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<blockquote data-quote="John Mastrocco" data-source="post: 545256" data-attributes="member: 54595"><p>Wake up - refineries need to run at 90%+ capacity to maximize profits. Companies are interested in making the most profit. Under normal condicitons the current refineries are capable of producing more gasoline than we currently need. Building more refineries will reduce efficiency, lowering profit. No company builds capacity for emergencies. They plan for the normal, not the abnormal.</p><p></p><p></p><p></p><p>There is no incentive to build more refineries.</p><p></p><p></p><p></p><p>If the oil companies wanted to build more refineries over the last 20 years, they could have easily done so right over the border in Mexico where environmental laws are almost non-existent. Why haven't they? They didn't see any profit in it. If they had, those refineries would be up and running right now.</p><p></p><p></p><p></p><p>No company will build more manufacturing capacity until the demand exceeds the current capacity by enough that the new capacity won't cause a glut of product, reduced profits and inefficient manufacturing overcapacity.</p><p></p><p></p><p></p><p>Blaming "environmentalist hippies" is and always has been an easy cop-out answer for something that would not have been done anyway.</p></blockquote><p></p>
[QUOTE="John Mastrocco, post: 545256, member: 54595"] Wake up - refineries need to run at 90%+ capacity to maximize profits. Companies are interested in making the most profit. Under normal condicitons the current refineries are capable of producing more gasoline than we currently need. Building more refineries will reduce efficiency, lowering profit. No company builds capacity for emergencies. They plan for the normal, not the abnormal. There is no incentive to build more refineries. If the oil companies wanted to build more refineries over the last 20 years, they could have easily done so right over the border in Mexico where environmental laws are almost non-existent. Why haven't they? They didn't see any profit in it. If they had, those refineries would be up and running right now. No company will build more manufacturing capacity until the demand exceeds the current capacity by enough that the new capacity won't cause a glut of product, reduced profits and inefficient manufacturing overcapacity. Blaming "environmentalist hippies" is and always has been an easy cop-out answer for something that would not have been done anyway. [/QUOTE]
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SportTrac Discussion
Engine & Drivetrain
ExxonMobil earns Record $10 Billion Profit in Quarter
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