Re: yea-but

Posted by Paul in Mich on March 21, 2005 at 14:26:44 from (152.163.101.7):

In Reply to: yea-but posted by Coloken on March 21, 2005 at 14:03:23:

Ken, Good question. I certainly hope price controling doesnt raise its ugly head again. We had an apple out of that bag in the 70"s and it was a total disaster. What is indesputable, however is that our refining capacity is sadly lacking, and as our seasonal needs change, it is harder and harder for refineries to meet immediate needs. I don"t see additional storage as a problem unless, as you say, it is used to store refined products so as to attempt to sell at higher prices. But even then, market demand will temper that somewhat. If they try to flood the market with high price fuel, while all the time their inventories are high, then the market will adjust accordingly and drive the cost down. The worst case scenerio is having a market in demand with short supply. To that I say, build all the storage tanks they can. that keeps the supply where users want it. In the hands if those who need to sell it.

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