2xR
******* Derelict *******
Yes, we have no shortage, today...
There isn't a shortage of oil, gasoline, or, diesel fuel in America. Our refineries are not even operating at full capacity because they don't need to. We are not buying (using) all they are refining. The excess is being exported!! It is being exported to markets that will pay more than our domestic market. If we cut our consumption by 50% the price would not come down. The refiners would simply dock tankers in our ports and ship the stuff to other parts of the world where demand is very high. Meanwhile, although our consumption may be less, we would have to pay "world market" prices.
The Honorable Sen. John Warner, from Virginia, has an alterior motive, I think. Virgina just recently revamped their penal code for traffic offenses. The fines are through the roof, maybe three times more than they were. Habitual offenders were going to really get whacked, until Virginia residence sued because the new laws treated them unfairly, compared to out of state violators. Anyway, the point is, if the national speed limit is reduced to 55mph, there will be a windfall of enforcement revenue collected in Virginia. Hmmm.
I don't see the consumers winning this war. There are too many battle fronts to manage, and the big guns are aimed at our bank accounts.
There isn't a shortage of oil, gasoline, or, diesel fuel in America. Our refineries are not even operating at full capacity because they don't need to. We are not buying (using) all they are refining. The excess is being exported!! It is being exported to markets that will pay more than our domestic market. If we cut our consumption by 50% the price would not come down. The refiners would simply dock tankers in our ports and ship the stuff to other parts of the world where demand is very high. Meanwhile, although our consumption may be less, we would have to pay "world market" prices.
The Honorable Sen. John Warner, from Virginia, has an alterior motive, I think. Virgina just recently revamped their penal code for traffic offenses. The fines are through the roof, maybe three times more than they were. Habitual offenders were going to really get whacked, until Virginia residence sued because the new laws treated them unfairly, compared to out of state violators. Anyway, the point is, if the national speed limit is reduced to 55mph, there will be a windfall of enforcement revenue collected in Virginia. Hmmm.
I don't see the consumers winning this war. There are too many battle fronts to manage, and the big guns are aimed at our bank accounts.