Comments on: Bleak outlook for U.S. oil refiners http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Rich http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/#comment-2891 Mon, 08 Dec 2008 17:09:54 +0000 http://blogs.reuters.com/great-debate/?p=775#comment-2891 2008
5:56 am GMT

— well in this situation both demand and supply should be
— balanced that poor consumer would not effect badly like
— what happen in past when the prices was very high and
— people don’t have money to save. So both demand and
— supply should be balance equally that in future we all
— wont face the supply shortage and again it gonna jump
— to above $100.
— – Posted by Muttaqi

The futures market is the machine which does this balancing. The problem is that nobody knows what future conditions will be. We guess. We do the best we can. Anyone who is willing to put their money where their mouth is can participate, through the commodities and commodity futures market in this great feat of prognostication. People who have made good predictions in the past can use their profits to continue to predict. People who have made bad predictions lost money, and so are less able to move the market in the future. It ain’t perfect, but it’s the best *possible* system.

The problem with the Socialist ideal — the government should make these decisions for everybody — is that it presumes that anybody who works for the government is omnipotent and omniscent. Having lived under George Bush’s sad, pathetic reign should have eliminated that superstition, but the socialists now think that Obama has some magic ability to know the future. He doesn’t. Nobody does.

We are imperfect human beings, ignorant of our future, and we have two choices: we can accept our humanity, and live under a capitalist system where we are free to benifit when we’re right and take responsibility when we’re wrong, or we can switch to a socialist system where when the dictator is right everyone benifits and when he’s wrong everyone suffers — except for his henchmen, who still live well at our expense.

I’d rather suffer for my own mistakes than suffer for somebody elses. I’ll take capitalism any day.

]]>
By: Muttaqi http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/#comment-2716 Sat, 06 Dec 2008 10:56:10 +0000 http://blogs.reuters.com/great-debate/?p=775#comment-2716 well in this situation both demand and supply should be balanced that poor consumer would not effect badly like what happen in past when the prices was very high and people don’t have money to save. So both demand and supply should be balance equally that in future we all wont face the supply shortage and again it gonna jump to above $100.

]]>
By: dan http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/#comment-2443 Thu, 04 Dec 2008 05:12:29 +0000 http://blogs.reuters.com/great-debate/?p=775#comment-2443 oil companies hah hah, its all about one thing billions in profit. thats with a B not with an M. They dont care about the working man, its politicans and money, money, money, there is no dangerous combination than that!

]]>
By: mm http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/#comment-2309 Wed, 03 Dec 2008 03:58:19 +0000 http://blogs.reuters.com/great-debate/?p=775#comment-2309 Maybe owners of oil refineries need to buy renewable fuel facilities – “ethanol plants” – to help offset their loses from plain ‘ole market competition. Change is tough but really the industry has not had any competition until now. Is Ford and GM better off with competition from Honda and Toyota? No. But the American public has benefited with better cars because of competition. The idea of one source of energy to power automobiles is over. The American public must have a diverse source of energy options: electricity, gasoline, diesel, propane, ethanol, biodiesel, natural gas, etc. A passenger vehicle that can use either 2 or 3 choices of energy given the price of the day will cause enough market competition to give the American Consumer free choice at the fuel station – better for the economy, better for national security, and better for the planet. Lets give competition a chance. What would life be if we only ate bread and bread alone. Think of walking into a grocery store and all you have is bread to choose from – pretty boring. I’m ready for an exciting future of the energy industry. All those involved just need to take a breath and diversify their energy services to the public. the public always wants choice and car companies better know this.

]]>
By: isahbiazhar http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/#comment-2292 Tue, 02 Dec 2008 20:44:20 +0000 http://blogs.reuters.com/great-debate/?p=775#comment-2292 Now we have to listen to the Arabs; bring back the price to US75 otherwise the whole industry will collapse.The next alternative will be to use water which the Japanese have done.Alternate energy use should have been planned well otherwise they themselves will cause problems; shortage of corn and soya.Barack Obama’s economic advisers must look into this immediately before the whole world collapses.

]]>
By: JWM http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/#comment-2289 Tue, 02 Dec 2008 20:25:38 +0000 http://blogs.reuters.com/great-debate/?p=775#comment-2289 You people are so wrong. Do have any idea how many thousands of people will lose their jobs if oil companies don’t make good profit. No profit, no new projects, no research for new alternative fuels. Instead of looking at the big picture, your just worried about your 5 to 10 dollars/tank of gas.

]]>
By: wizard five http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/#comment-2285 Tue, 02 Dec 2008 19:34:05 +0000 http://blogs.reuters.com/great-debate/?p=775#comment-2285 in japan they’ve invented a car that runs on water. using fossil fuels or ethanol to power our vehicles is primitive, polluting technology, time to say good-bye to the gas station.

]]>
By: Dave http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/#comment-2284 Tue, 02 Dec 2008 19:26:22 +0000 http://blogs.reuters.com/great-debate/?p=775#comment-2284 Ethanol is a terrible idea! The article doesn’t mention the fact that it takes more energy to produce 1 gallon of ethanol then 1 gal of ethanol provides. What makes up the difference? Diesel! It is used in nearly all farm machinery and in all transport trucks. Not only is it a horribly inefficient fuel but it takes up valuable farm land that could be used for growing FOOD! Only a “brilliant” politician like Bush could come up with such a crackpot plan!

]]>
By: Don http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/#comment-2278 Tue, 02 Dec 2008 17:41:02 +0000 http://blogs.reuters.com/great-debate/?p=775#comment-2278 If a battery cannot power a car’s air-conditioner for a few hours during the summer or its heater during the winter, call me spoiled but I wouldn’t want to be in an electric vehicle. Cities are optimized for automotive traffic. Profit margins are too low to pay indirectly through taxes for the high cost of infrastructure. Driving an automobile is getting quite expensive if we look at the disposable pay of a person after all taxes including property and sales taxes. So to me the U.S. markets are destined to collapse – in much the same way the automotive industry originally propelled its growth. The capital markets exist only to support growth. In the absence of growth, the markets have no value. Anyways as far as refineries go, I guess these operations occupy an efficient and mature sector destined for shrinking margins.

]]>
By: MINIME http://blogs.reuters.com/great-debate/2008/12/01/bleak-outlook-for-us-oil-refiners/#comment-2273 Tue, 02 Dec 2008 16:40:27 +0000 http://blogs.reuters.com/great-debate/?p=775#comment-2273 Why not increase the availability of diesel passenger vehicles in N America to bring the gasoline/diesel usage ratio to one approaching the output capacity and forget export and import?

]]>