I just wanna know

catocom

catocom

Well-Known Member
Does it take an act of congress just to build another refinery?

Why aren't these companies taking some of this profit, and growing?
Making more refineries?

Oil Executives Take Heat From Congress Over Big Profits
WASHINGTON — Top executives of the five biggest U.S. oil companies were pressed Tuesday to explain the soaring fuel prices amid huge industry profits and why they weren't investing more to develop renewable energy source such as wind and solar.

The executives, peppered with questions from skeptical lawmakers, said they understood that high energy costs are hurting consumers, but deflected blame, arguing that their profits — $123 billion last year — were in line with other industries.
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http://www.foxnews.com/story/0,2933,344193,00.html
 
it has to do with the prevailing ROI (return on investment) calculus in corporate america. which would be, um, very short as far as when the return comes. longer term investments don't make for corporate heroics and, in turn, promotions and bonuses. it would take something without those particular interests, then, to get it done. there's your act of congress.

"what can you do for me, jim, THIS QUARTER!"
 
How many times must you spend million (or tens of millions) just to get shot down by political mumbo-jumbo & enviro-whackiness before you just said, screw it, why bother? Add to that the minkey corporate earnigns lesson & there's not a thing that Congress can do.
 
Gonz said:
How many times must you spend million (or tens of millions) just to get shot down by political mumbo-jumbo & enviro-whackiness before you just said, screw it, why bother? Add to that the minkey corporate earnigns lesson & there's not a thing that Congress can do.
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translation --> we're fucked.
 
Wanna bet that if we started drilling on US soil (again), we could start to see refineries on US soil, again.
 
well they need to do something.
IMO when diesel is more than gas, something's not being done right.
and...it's been that way for a while.
 
Cerise said:
translation ==>>>Liberals
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if we keep explaining things that way, we'll never understand the underlying problems.

most of the forces keeping us locked into the current way of dealing with oil and energy are so-called "conservatives" anyway, though blaming "conservatives" would also be silly.
 
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