Just a note on the polar bear fiasco..............the polar bear population has tripled in the past 40 years............yep, that global warming is sure a killer!!!:rolleyes:
And a note on the impact of the value of the U.S. dollar. Had the dollar maintained parr value with the Euro as it was in 2002, the price of a barrel of crude today would be somewhere around $80. Hint to the Congress, the oil companies don't control the value of the dollar.
Before you get too excited about a new refinery in S.D. take a read on this; CorpWatch*:*US: No New Refineries in 29 Years. Note that this article is three years old, and if you think about what is meant by much of what is said, there is lots of disincentive in the system. If you do a current read on Arizona Clean Fuels Refining; Arizona Clean Fuels - Planning the most technologically advanced clean fuel refinery in the history of the US you will see that they've pushed back the "projected" operational date to 2012...........optimistic at best, and some 15 years since they started the process. They don't admit it on their site but they are having considerable difficulty raising the 2.5-3 billion in investment capital because of the threat of further law suits and lack of a firm commitment for crude oil supply.
Further disincentives to capital investment for any other potential refinery builds or investment in crude oil exploration domestically are further hampered by comments such as this; YouTube - Hillary on Oil Profits and this little gem from Rep Waters; Hot Air » Blog Archive » Video: Maxine Waters threatens to nationalize America’s oil industry
These are representatives of what will be the likely majority in both houses of Congress, and probably the Presidency starting next year. Like I said earlier, when you're standing in line for your small ration of gasoline in the future you'll wish you had today's situation which is the result of past year's poor political decisions/interference.
