Originally Posted by
nicholasblonde
The Saudis are increasing capacity and efficiency, and one of the 2nd largest deposits in the world was recently discovered off the coast of Brazil (being developed by BNP Petrobas). Hopefully oil prices will come down this year.
The Problem is not simply Just to find more OIL.. fact is we have not opened up any new refinery in over 30 years, one of our biggest problem is refining oil to make AVGAS JET Fuel and the various grades of auto auto fuel, consider that refinerys have to ramp down some what to make different blends based on what time of year it is..well that drives the price of the product up.. solution TELL your Congress MEN we NEED more Refining Capacity that MAY ease the Impact