- Joined
- Nov 21, 2020
- Messages
- 5,684
I won't try and answer for Elkhound. Just throw in what I know.
There hasn't been any new refineries but in years. Government regulations have made that near impossible. Everytime there is a hurricane in some areas those refineries get shutdown. Fire or explosion same thing. Even freezing weather in Texas a year or two back. What happens, production drops, prices shoot up, supplies dwindle. With all these factors in play, why wouldn't more refineries be built.
Same with crude production, why take known reserves out of the equation to cause shortages and higher prices?
Its about control.
I have never heard of a new refinery being built anywhere, so that part if most likely true, but just assume for a minute the oil companies and .gov know there is only a limited supply of oil left. Why bother spending millions or more to build a new refinery that will be obsolete in a relatively short amount of time?
What if they all know for sure the oil is running out, and they are doing everything they can to reduce usage until some good alternative is found?
I think maybe nobody in charge has a good solution to the current problems and none of the politicians ever tell anyone the truth because they would not get reelected, so we will never know until it happens ( oil runs out) which most likely none of us on this list will be alive but our kids and grandkids might be
I wonder what this planet is going to be like in 50 years if it's still there