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SportTrac Discussion
Engine & Drivetrain
ExxonMobil earns Record $10 Billion Profit in Quarter
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<blockquote data-quote="user 62394" data-source="post: 545258" data-attributes="member: 62394"><p>Rocco,</p><p></p><p></p><p></p><p>I completely disagree. There is plenty of demand to fill additional refineries. The high demand is exactly the reason the price is up. Do you really think if there were extra refineries that gas would sit unsold? And the oil companies would love to add capacity because they can sell more volume. Demand is not going down anytime soon -- in fact it is continuing to rise. Those companies want to be at the leading edge of demand so they can get a jump on competition -- not lagging behind.</p><p></p><p></p><p></p><p>Also, the Mexico arguement for the most part doesn't make sense. I live in Michigan, the cost of transporting the gasoline from Mexico to here would increase the price dramitically, making the refinery in Mexico useless to me. Fuel in Michigan comes from refineries in Illinois and the surrounding state. The same is true in other parts of the countries. And it does no good to build in Canada, as their environmental laws are at least as restrictive than ours, if not more so.</p></blockquote><p></p>
[QUOTE="user 62394, post: 545258, member: 62394"] Rocco, I completely disagree. There is plenty of demand to fill additional refineries. The high demand is exactly the reason the price is up. Do you really think if there were extra refineries that gas would sit unsold? And the oil companies would love to add capacity because they can sell more volume. Demand is not going down anytime soon -- in fact it is continuing to rise. Those companies want to be at the leading edge of demand so they can get a jump on competition -- not lagging behind. Also, the Mexico arguement for the most part doesn't make sense. I live in Michigan, the cost of transporting the gasoline from Mexico to here would increase the price dramitically, making the refinery in Mexico useless to me. Fuel in Michigan comes from refineries in Illinois and the surrounding state. The same is true in other parts of the countries. And it does no good to build in Canada, as their environmental laws are at least as restrictive than ours, if not more so. [/QUOTE]
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SportTrac Discussion
Engine & Drivetrain
ExxonMobil earns Record $10 Billion Profit in Quarter
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