Re: Drilling for oil

On Fri, 05 Sep 2008 10:51:19 GMT, Dennis J
<drjudsjr@xxxxxxxxxxxxxxxxxxxxx> wrote:

hey, Matthew Hennig <matth@xxxxxxxxxxxxxxxxxx>'s been through solid
matter, for crying out loud. Who knows what's happened to his brain?
Maybe it's scrambled his molecules...
samson <nospam@xxxxxxxxxxx> wrote:

What a farce.

Drilling by American companies does not mean that the
oil automacially comes back to America. It goes to the
world oil markets where the American oil companies will
sell to whoever will pay the most.

Increasing supply decreases cost. It doesn't matter who its sold to.
Now given the proximity of locally produced petroleum to our own
refinieries, the chances of selling to foreign buyers is low.

where are these refineries again?

in the gulf coast....

NO.

http://en.wikipedia.org/wiki/List_of_oil_refineries#United_States

and the Oil? North slope of Alaska... so to get from source to
refinery.... boat through PANAMA canal....

Even IF there were no west coast refineries, it would likely go by
pipeline.

about the same distance to send it to China...

China (or, more to the point, JAPAN) would be less than through the
Panama Canal (which is why they'd use a pipeline, but I digress), BUT
the oil China (or, more to the point, Japan) is buying elsewhere would
be shifted to our use.

FUNGIBLE. Look it up, Dennis.
--
"Even when uttered by Democrats, middle class often sounds like a
mealymouthed way of saying, Us, and not them, where them includes poor
people, snake handlers and those with pierced tongues."
- Barbara Ehrenreich
.

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