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<blockquote data-quote="_CY_" data-source="post: 1608661" data-attributes="member: 7629"><p>there never was petroleum shortages. official report is at any given time there's 8-9 Billion barrels in storage (90 day supply). my former neighbor, a refinery specialist claims actual number is MUCH higher. when underground caverns filled with oil are accounted for. </p><p></p><p>here's a few hard numbers for you to chew on... during Aug 2005 when Katrina hit, there was 5 refineries idle in USA. the entire ramp up for gasoline prices was cooked up. Oil companies took advantage of the mass hysteria caused by Katrina by claiming there was a huge disruption to USA supply of gasoline. </p><p></p><p>again FACTS on the ground says otherwise. a total of Two refineries was taken off-line due to Katrina. most refineries operate operate at below capacity. meaning overnight, refinery can ramp up to 110% of production. this means the two refinery's total production taken off-line by Katrina could be covered literately overnight by nearby refineries. </p><p></p><p>there was no shortage then, there is no shortage today. after Katrina in 2006 that number went up to 7 idle refineries from 5 idle when Katrina hit. the number of fully operable, but idled refineries has gone up to eleven in 2010 and 2011.</p><p></p><p>source of data is US Energy Information Agency. (EIA) <a href="http://205.254.135.24/dnav/pet/hist/LeafHandler.ashx?n=PET&s=8_NA_8OI_NUS_C&f=A" target="_blank">http://205.254.135.24/dnav/pet/hist/LeafHandler.ashx?n=PET&s=8_NA_8OI_NUS_C&f=A</a></p><p></p><p>unlike your Fox news data, mine are verifiable. </p><p></p><p><strong>[Broken External Image]</strong></p></blockquote><p></p>
[QUOTE="_CY_, post: 1608661, member: 7629"] there never was petroleum shortages. official report is at any given time there's 8-9 Billion barrels in storage (90 day supply). my former neighbor, a refinery specialist claims actual number is MUCH higher. when underground caverns filled with oil are accounted for. here's a few hard numbers for you to chew on... during Aug 2005 when Katrina hit, there was 5 refineries idle in USA. the entire ramp up for gasoline prices was cooked up. Oil companies took advantage of the mass hysteria caused by Katrina by claiming there was a huge disruption to USA supply of gasoline. again FACTS on the ground says otherwise. a total of Two refineries was taken off-line due to Katrina. most refineries operate operate at below capacity. meaning overnight, refinery can ramp up to 110% of production. this means the two refinery's total production taken off-line by Katrina could be covered literately overnight by nearby refineries. there was no shortage then, there is no shortage today. after Katrina in 2006 that number went up to 7 idle refineries from 5 idle when Katrina hit. the number of fully operable, but idled refineries has gone up to eleven in 2010 and 2011. source of data is US Energy Information Agency. (EIA) [url]http://205.254.135.24/dnav/pet/hist/LeafHandler.ashx?n=PET&s=8_NA_8OI_NUS_C&f=A[/url] unlike your Fox news data, mine are verifiable. [b][Broken External Image][/b] [/QUOTE]
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