May 7, 2006
Re "Running on empty on gas prices," Opinion, May 4 Jonah Goldberg should get his facts straight before writing such things as "the real obscenity: overregulation that has kept American oil in the ground and prevented any new refineries or nuclear power plants from being built in 30 years." The problem is under-regulation and a complete lack of governmental oversight. A Senate report found that from 1995 to 2001, oil companies closed 24 refineries in an effort to limit gasoline supply and boost profits.
July 3, 2004
David Nott argues that environmental rules and taxes are driving gas refiners out of California ("Jolted by Gas Prices? Don't Be Too Quick to Cuss the Refiners," Commentary, June 29). "Life moves on, and so will businesses in this overly regulated climate." The problem with California's climate is, in fact, air pollution. After 30 years of steady improvement, air quality in Southern California is once again deteriorating rapidly. Smog and diesel particulate matter far exceed federally mandated thresholds, and they're to blame for a growing epidemic of asthma and other respiratory ailments.
May 27, 2008
Re "Oil chiefs scolded over gas prices, high profits," May 22 What's an oil company CEO to do? Unilaterally lower gas prices and be accused of predatory pricing to gain market share? Persuade industry leaders to lower prices and be accused of price-fixing? Or leave prices where they are and be accused by Senate leaders of price-gouging? If Exxon Mobil's senior vice president, J. Stephen Simon, donated his entire 2007 salary of $12.5 million to gas price reduction, it would lower Exxon Mobil's pump price by 0.03 cents a gallon, or less than one cent per tank.
July 5, 2008 |
Petroleos Mexicanos, the state-owned Mexican oil company, may begin construction of a $7-billion refinery by the end of 2010 to reduce imports of gasoline and diesel fuel. A study has been commissioned to determine the site of the new plant, according to a filing with the U.S. Securities and Exchange Commission. Mexico City-based Pemex will also begin construction on post-treatment plants for ultra-low-sulfur gasoline in 2009 and diesel by 2010.
July 8, 2003 |
Here's a sobering thought for all the Californians grumbling as they watch gasoline prices edge up this summer: It's probably going to get worse. Without new refineries, additional pipelines, expanded port facilities or a slowdown in consumption -- none of which is likely -- motorists in California and neighboring states will pay ever more at the pump, analysts warn, and endure more frequent and longer-lasting price increases.
May 30, 2006 |
Mexico has offered to supply 230,000 barrels of crude per day at market prices to an oil refinery to be built in Central America, officials said Monday. Deputy Energy Minister Hector Moreira said Mexico would be able to supply that amount of crude by 2011, the date by which the planned refinery is due to be completed. "Mexico can assure 230,000 barrels a day," Moreira said. "We are going to sell at market prices. In no way will we subsidize the refinery."