white International Society for Individual Liberty > U.S. Oil Dependency Due to Refinery Shortage
The International Society for Individual Libertyblue
*ISIL Store*Tools for Action*World Conference
******
About ISIL* Intellectual Resources*Freedom Network*
blue
yellow
please support our work
_______________________________________________
Towards Liberty
A COMMENTARY ON CURRENT EVENTS
– by Jarret Wollstein –
_______________________________________________


U.S. OIL DEPENDENCY DUE TO REFINERY SHORTAGE

– 1-19-06 –

     Mainstream media outlets have made it quite clear that they feel the U.S. is too dependent on foreign oil.

     Our oil dependency is a topic that finds it way into most articles about Iraq or Israel and is usually discussed in any reports about prices at the pump reaching new highs.

     But what you don't hear is that the lack of new American refineries may be the largest impediment to U.S. energy independence.

     And bureaucratic bungling has made the situation worse.

     According to the UPI, the United States has not permitted construction of new refineries in 25 years – and that has caused the country to become terribly dependent on foreign facilities.

     "In a manner reminiscent of how U.S. dependency on foreign crude oil developed, the United States is becoming increasingly dependent on foreign petroleum products like gasoline and heating oil refined from crude oil, the feedstock that refineries process into gasoline, diesel, jet fuel and heating oil," says the UPI.

     The report cited Scottish consulting firm Wood Mackenzie, which discovered "that there are about 100 refining expansion projects representing as much as 12 million barrels a day of new capacity being built globally – nearly all outside the United States."

     UPI says that Saudi Arabia – the global leader in crude oil supply – continues to build oil refineries, thus cementing its position as an oil leader.

But it's a different story in the United States.

     "No refinery has been built in the United States since 1976, most due to 'regulatory barriers' and the not-in-my-backyard attitude of communities around the country," says the UPI, citing the Wall Street Journal.


To view back issues of Jarret Wollstein's Towards Liberty, Click here.




blue

E-MAIL SUBSCRIPTIONS

  • ISIL Updates List brings you periodic news on ISIL activities and other libertarian developments worldwide.
  • Laissez Faire Book Notes keeps you informed about new libertarian books, DVDs and exclusive LFB offers.
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for the ISIL and/or Laissez Faire Books e-mail Newsletter
For Email Marketing you can trust

FREEDOM NEWS DAILY
. . . a summary of news of interest to freedom lovers, brought to you each week day (a joint project of ISIL and Rational Review).
Email:

You may e-mail us at info@isil.org if you have any personal questions or comments.