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  • Massachusetts
  • Jan 27, 2012
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by drpepperTX  Jul 13, 2012

"SHOCKING NEWS!!!! An insurance company looking not to pay out! Insurance companies are as bad as slip and fall lawyers!" Excellent comment on the Nationwide insurance thread.

by Ziggy1962  Feb 25, 2012

Welcome to GasBuddy. Want to be buddies?

by greywolves  Feb 24, 2012

congratulations, you now know more about refining than 98% on this site.7 years on this site has made me pathetically sarcastic. that's what the cbx is for. 0 to 64 across the street. the perfect use of premium fuel. (one guiness per hour)

by greywolves  Feb 23, 2012

bakken oil fields in north dakota. your only competion will be warren buffet's burlington northern railraod, and what does he know. his tanker cars can only carry 17,000 gallons each. oh wait, you have to use him to ship your refined product because you built your refinery in the middle of nowhere! oh,well there is always that guiness

by greywolves  Feb 23, 2012

ok... shipment by pipeline transmission is relatively cheap. refineries are BUILT near where the refined product are USED or shipped. only about 40% can be cracked for gasoline another 40% for heating oil or jet fuel. profit margins are very thin. the higher margin products are the asphalt, oils,wax, and solvent material. building a refinery is extraordinarily capital intensive. refineries are very difficult to license. no new refinery has been built in the u.s. since before they built cbx's. marathon oil recently spent $5bn upgrading and expanding production at their chicago area plant AFTER the pipeline to superior wi was finished AND they purchased interests in the oil sands to guarantee a constant supply at a specific cost.all major oil companies (including marathon)except chevron have sold or spun off their refining units because of their historically low return on investment. If however, you feel your smarter than all those guys feel free to built a nice new refinery at the

by greywolves  Feb 23, 2012

refineries are not built near oil fields for the same reason that a firing range is not set up next to a ammo dump. have another guinness.

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