Nekota
Well-known member
Sunoco and ConocoPhillips have idled refineries and may idle more this summer. This is due to differences in the price (cheaper) of locally available crude oil in other parts of the US.
Reminds me of the world is flat economics pitch and how resource availability impacts inelastic commodity prices. Another disturbing energy balance problem is California imports 25% of its electricity
http://www.businessweek.com/news/2011-12-23/gasoline-may-rise-above-4-a-gallon-as-northeast-plants-shut.html" onclick="window.open(this.href);return false;
edit 4 to 5 now that $4 for regular in California Bay Area (15 Feb 2012)
Reminds me of the world is flat economics pitch and how resource availability impacts inelastic commodity prices. Another disturbing energy balance problem is California imports 25% of its electricity
http://www.businessweek.com/news/2011-12-23/gasoline-may-rise-above-4-a-gallon-as-northeast-plants-shut.html" onclick="window.open(this.href);return false;
edit 4 to 5 now that $4 for regular in California Bay Area (15 Feb 2012)