<DrumBeat: May 21, 2007The Oil DrumDrumBeat: May 22, 2007>

138 comments on May 15th Senate Hearings on Oil and Gas: We May Have A Problem

Comments can no longer be added to this story.

Nowhere on May 21, 2007 - 2:36pm Permalink | Subthread | Parent | Comments top

Why would the refiners want to add capacity when there will not be any more oil available to refine!!!!!!!!!!!!!!!!!!!!!!!!!! This is so simple even a congressman could understand it if they knew the facts!!!!!! We need to add more capacity to other forms of energy not gasoline because the capacity will not be used long enough to pay for the large investment.

Nowhere is Now Here!

0
Comments can no longer be added to this story.
Checkerboard Strangler on May 21, 2007 - 8:11pm Permalink | Subthread | Parent | Comments top

I just got raked over the coals about this statement in particular, and my partner informed me of:

Spectacular finds in Bohai Bay
Nine billion barrels of crude in open pools in Iraq
Giant discoveries off the Gulf Coast
Russian expansion in crude output

All I did was opine that perhaps refinery construction was low priority because the oil experts already knew that there wasn't all that much to refine.

Am I crazy?

0
Comments can no longer be added to this story.
Solaris on May 22, 2007 - 12:20am Permalink | Subthread | Parent | Comments top

No, you absolutely correct. Unfortunately, the correct view is held by a very small minority at this time. But, give it time.....

0
Comments can no longer be added to this story.
xeroid on May 22, 2007 - 4:26am Permalink | Subthread | Parent | Comments top

As with most people, including so called experts, she's completely missing the point ... there's loads of fossil fuels around ... we just can't get at it quickly enough to supply the desires of 6.7 billion people.

Xeroid.

0
Comments can no longer be added to this story.