Bush Agrees With Phreakwars !!!

[phreakwars]

Bush to Propose Oil Refineries at Ex-Military Bases

 

 

By Steve Holland

 

WASHINGTON (Reuters) - Under pressure over high energy prices, President Bush on Wednesday will propose tackling the root causes of the problem by encouraging new oil refineries be built at closed military bases and jumpstarting construction of new nuclear power plants.

 

 

 

In a speech, Bush will also propose giving federal regulators the lead authority to decide where to locate terminals for processing imported natural gas. States have increasingly been taking the lead on this issue.

 

 

 

And the president will propose adding vehicles that use clean-burning diesel fuel to the list of automobiles eligible for $2.5 billion in tax credits over 10 years to encourage further use of this technology. Other eligible vehicles are hybrids powered by gasoline and electricity and fuel-cell vehicles. ( http://Off Topic Forum.com/showpost.php?p=80534&postcount=1 )

 

 

 

Senior Bush administration officials unveiled details of the president's proposals on Tuesday night. It will be his second energy speech in a week.

 

 

 

A Washington Post-ABC News poll showed that less than half of Americans support the way the president is handling energy policy. Bush met Saudi Crown Prince Abdullah at his Texas ranch on Monday but reached no agreement that would lower gasoline prices in the near term.

 

 

 

Energy legislation is moving on Capitol Hill. The House of Representatives has passed a version, while the Senate will begin debate next month. Administration officials want to work with congressional leaders to include Bush's proposals.

 

 

 

Speaking to small business leaders on Wednesday, Bush will call on federal agencies to encourage construction of new oil refineries at the sites of former military bases closed in recent years.

 

 

 

The agencies would work with states, local communities and potential investors to encourage the use of the sites, the administration officials said.

 

 

 

The lack of adequate refining capacity is frequently cited by experts as one reason why gasoline prices have surged dramatically in recent years. No new refineries have been built in recent years even though the demand for gasoline has risen.

 

 

 

On nuclear, Bush will propose offering companies risk insurance to mitigate the cost of delays due to any potential failures in the licensing process. The last generation of nuclear power plants was built in the 1970s and 1980s.

 

 

 

"There is a new and better licensing process. However, there is substantial uncertainty with potential investors about the ability to move through the new licensing process," one senior official said.

 

 

 

Liquefied natural gas terminals take compressed, supercold natural gas shipped from overseas and warm it into usable energy. Only four such terminals exist in the United States amid increasing demand for natural gas.

 

 

 

Bush will propose the Federal Energy Regulatory Commission become the lead authority in granting licenses, overruling what has increasingly become state jurisdiction.

 

A senior official said there are 32 proposals to build new terminals, and Bush's proposal would "provide some regulatory certainty" in order to get them built. Rules on the terminals vary from state to state, and California, for example, has not wanted to cede state authority.

 

I KIND OF SUSPECTED THAT, the I.P. THAT ORIGINATED FROM WASHIGTON D.C. in the guest Forum was probably a politician, My ego wants me to believe it was BUSH. :-).

 

Now if only the fucker would do something about Iraq and make it have an impact. I might just become a Republican again.

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[Cogito Ergo Sum]

Hmm...

 

President Bush needs another enema.

 

I don't think this is going to work. The problem is not lack of refineries; it's the core cost of the raw crude oil.

 

Building more processing plants will not lower the cost of gas, nor will it increase the supply of gas. It would simply create a more diversified and larger demand for the raw materials needed for their continued operation; i.e. raw crude oil.

 

Given the current trend of economics of demand regulates the price; I would bet that prices would escalate and not decline.

 

Even worse, who wants a refinery in their community? "Toxic Airborne Event" is the often heard hallmark of refineries, and that isn't good for the neighborhood. I cannot think of any local politician that's going to convince their friends and neighbors that a oil refinery will be "Great!" for the community; at least not one that could survive a re-election.

[Rockhard]

The govt. was making the oil companies in the (USSA) cap all new wells way back in the mid 60s. I believe the answer to alternative fuel has been around for many years. Think of all the tax money that would be lost to each state if they lost fuel to tax. I think anyone coming up with a way to end dependence on oil would be in danger of being assinated

[Vne]

Hmm...

 

President Bush needs another enema.

 

I don't think this is going to work. The problem is not lack of refineries; it's the core cost of the raw crude oil.

 

Building more processing plants will not lower the cost of gas, nor will it increase the supply of gas. It would simply create a more diversified and larger demand for the raw materials needed for their continued operation; i.e. raw crude oil.

 

Given the current trend of economics of demand regulates the price; I would bet that prices would escalate and not decline.

 

Even worse, who wants a refinery in their community? "Toxic Airborne Event" is the often heard hallmark of refineries, and that isn't good for the neighborhood. I cannot think of any local politician that's going to convince their friends and neighbors that a oil refinery will be "Great!" for the community; at least not one that could survive a re-election.

Bu$h can build all the refineries he wants but it aint going to increase the amount of crude available, spending a lot of money to pump more of a dwindling rescource dosen't make much sense. Conserving and funding alternative energy programs would be a better route to take.