The main reason oil production declined in the US is that the holes are dry -- lots of drilling and pumping around here, but the stuff that comes out of the ground looks like road tar and is 5% or more sulfur.
They can't get oil out of most of the older fields in Texas, nothing comes up even with salt water injection, etc. Production is going down in the Gulf, too, and the "new deposit" everyone was blowing about last year is WAY down there. There are no new refineries because the oil companies are still choosing to loose 10% of their product rather than upgrade, oil was cheap, margins high, and they are STILL choosing to play the "if we drag our feet long enough about environmental concerns everyone will forget about us" that even GE quit doing a decade or two ago. Pure choice, regulations have NOTHING to do with it -- it would be cheaper to build new refineries, they are much more efficient, but Big Oil would much rather invest in Congress. Peter _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
