986 Forum - The Community for Porsche Boxster & Cayman Owners - View Single Post

Steve Fine · 12-07-2006, 11:12 AM

The bottom line: "we are still not using anywhere near 100% capacity of existing refineries."

Environmental Regulations aren't to blame for the high price of gas. Increasing world demand and a looming shortage of cheap to refine crude oil, along with concerns about the vulnerablity of some of the leading supplers have driven the price of crude up to stay, maybe they will go down a bit, but the long-term outlook is for higher prices.

Irronically, the Iraq war has also raised the price of crude too.

Concerns about global warming will most likley (if humanity is smart enough) lead to taxes on activities that release carbon into the atmosphere.

12-07-2006, 11:12 AM	#19
Steve Fine Registered User Join Date: Jun 2006 Location: Columbia, Maryland Posts: 7	High Gas Prices are here to stay. The bottom line: "we are still not using anywhere near 100% capacity of existing refineries." Environmental Regulations aren't to blame for the high price of gas. Increasing world demand and a looming shortage of cheap to refine crude oil, along with concerns about the vulnerablity of some of the leading supplers have driven the price of crude up to stay, maybe they will go down a bit, but the long-term outlook is for higher prices. Irronically, the Iraq war has also raised the price of crude too. Concerns about global warming will most likley (if humanity is smart enough) lead to taxes on activities that release carbon into the atmosphere.