Congress mandated refiners to lower sulphur content equal to european standards as of 2006 to meet the Congressionally mandated emission controls on 2007 model year vehicles sold in the USA -- low sulphur fuel will be required for offroad, locomotive and marine use in 2010. Refiners and the Congressional sponsers of this legislation estimated this process would add between 10 and 25 cents per gallon to the pump price. Since these laws were passed, due to various state and federal stonewalling on permits etc. the refiners have not been able to complete upgrades on roughly 35% of the available refining capacity. Yes, they are exporting diesel fuel -- the high sulphur blend, but most all of them are also having to purchase low sulphur fuel from european suppliers to meet demand in this country. High demand lower supply = price increase.The refiners have so far spent an estimated 8 billon dollars on upgrades to US refinerys and I would imagine that a large portion of that work went to your Union brothers. On a similar topic, why on earth would you want Oil and refiners regulated any more than they are now. Oil is a commodity that refiners value enhance in many different ways employing tens of thousands across the US. One of the few really large scale industrial enterprises still in operation on US soil. Put price controls on oil and we will all soon be walking in the dark.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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