Our weekly oil woes
If that pisses you off, then joining in Callum's email campaign is just one small thing you can do for mankind. And it's not just governments taking taxes who are to blame -- that's just the big fat red chunk band above -- it's also governments restricting refinery capacity and restricting new drilling and exploration who have made the blue band fatter than it needs to be, and oil resources lower than they should be. And why do you think they've done that? Brian Simpson explains:
What do oil companies do? They spend hundreds-of-billions of dollars each year exploring for, drilling for, and transporting oil. They also spend vast sums refining oil into gasoline. Without oil companies there would be no gasoline, no plastics for myriad products (including appliances, packaging, and pace makers), no electricity generated with oil, and so on.
In other words, our standard of living would be drastically lower.
What do environmentalists do? They prevent drilling in Alaska and offshore, which leads to less supply and higher prices...
Environmentalists have also prevented new refineries from being built in the U.S. through lawsuits and regulations, to the point where no new refineries have been built in over thirty years. As a result, refining capacity has actually declined in the last few decades while demand has increased. This has contributed significantly to the high gasoline prices we now experience.
In short, environmentalists have done everything they can to make oil and gasoline more expensive and our standard of living lower...
Meanwhile, on the subject of refineries, the redoubtable Gus van Horn records that a county in South Dakota has approved via referendum the construction of what would be the United States's first new refinery since 1976. 1976! That's the good news. However, while the large print giveth, the small print notes:
Despite a favorable referendum outcome ... opponents say the refinery has many hurdles to clear before construction begins...
"There's probably a hundred pressure points that they have to pass through," said Ed Cable of Citizens Opposed to Oil Pollution, which currently has a lawsuit pending against the rezoning decision, Cable said.
Shades of New Zealand's Marsden B non-power station, don't you think, permanently mothballed by ecstatic local Greens. Think about them this winter as the country struggles to maintain any semblance of a power supply.