Good write up from someone that owns a wholesale dealer for Chevron:
"As to the cost of refining and delivering diesel fuel. Diesel fuel costs the exact same amount per gallon to transport via pipeline or tanker as does regular gasoline so this is not a factor. Diesel fuel actually costs less to refine than gasoline so in a free market it would be cheaper than unleaded regular. Politicians (primarily but not exclusively left-wing Democrats) and environmentalist wackos have destroyed the free market in motor fuels in the United States and as a result have severely restricted supplies. Diesel cars and trucks have gotten a lot more popular in recent years as result of escalating fuel prices because they get better mileage. In a free market oil companies would respond by building additional refineries to produce diesel fuel. In America today, it is absolutely impossible to acquire all the permits necessary to build a motor fuel refinery (unless its ethanol). There have been no new refineries built in United States of America that produce either diesel fuel or gasoline in the last 30 years. We are now in a situation where, in addition to importing almost two thirds of the oil necessary to keep this country running, we currently import 13% of the refined gasoline and diesel that this nation consumes every day.
Diesel consumption is rising faster than gasoline consumption. Our refineries are maxed out and we are now relying on foreign countrys refineries to keep up with our demand. As long as we keep electing Democrats who keep appointing left wing judges willing to block or stop construction of new refineries because environmental groups file endless requests for environmental impact studies, we will never again build new refineries, nuclear or conventional power plants, or the updated power grids that this nation desperately needs to replace the half-century old antique grid that currently delivers electricity to all of our homes.
You think diesel is expensive today? You ain't seen nothing yet! After four years of an Obama or Clinton presidency, you will long for the days when your electricity bills, water bills, and motor fuel prices were what they are today."
"As to the cost of refining and delivering diesel fuel. Diesel fuel costs the exact same amount per gallon to transport via pipeline or tanker as does regular gasoline so this is not a factor. Diesel fuel actually costs less to refine than gasoline so in a free market it would be cheaper than unleaded regular. Politicians (primarily but not exclusively left-wing Democrats) and environmentalist wackos have destroyed the free market in motor fuels in the United States and as a result have severely restricted supplies. Diesel cars and trucks have gotten a lot more popular in recent years as result of escalating fuel prices because they get better mileage. In a free market oil companies would respond by building additional refineries to produce diesel fuel. In America today, it is absolutely impossible to acquire all the permits necessary to build a motor fuel refinery (unless its ethanol). There have been no new refineries built in United States of America that produce either diesel fuel or gasoline in the last 30 years. We are now in a situation where, in addition to importing almost two thirds of the oil necessary to keep this country running, we currently import 13% of the refined gasoline and diesel that this nation consumes every day.
Diesel consumption is rising faster than gasoline consumption. Our refineries are maxed out and we are now relying on foreign countrys refineries to keep up with our demand. As long as we keep electing Democrats who keep appointing left wing judges willing to block or stop construction of new refineries because environmental groups file endless requests for environmental impact studies, we will never again build new refineries, nuclear or conventional power plants, or the updated power grids that this nation desperately needs to replace the half-century old antique grid that currently delivers electricity to all of our homes.
You think diesel is expensive today? You ain't seen nothing yet! After four years of an Obama or Clinton presidency, you will long for the days when your electricity bills, water bills, and motor fuel prices were what they are today."
. I deal in Capital Markets and I know just how bad it is.
