I've never heard of ordsprog

I've never heard of it for America and I don't have any idea about its relevance. Seems to me we don't have the refining capacity for that to occur, ... But I'm willing to look at it.

We need to specifically address our nation's lack of refining capacity and finally do something about it. Hurricane Katrina has further underscored the fact that our refining capacity is inadequate.

Representative Barton's legislation rolls out the red carpet for oil company profiteers who have intentionally reduced refining capacity to pump up profits to world record levels, ... Since deregulation in 1982, oil consumption has increased 33 percent, but oil companies have reduced refining capacity by about 10 percent. The answer is not more carrots for the industry, like gutting environmental laws and immunizing companies for the harm they cause, but sticks such as forcing companies to invest in beefing up refining capacity when it is needed. We need supply side regulation, not more supply side economics.

Ultimately, the bill may rest on a shaky premise, as Clean Air Act permitting provisions seem to have only a marginal effect on decisions by oil companies to invest in new refining capacity, ... Industry and government analysts alike agree that profit margins are the most significant factor, and record profits from high gasoline prices have encouraged a major investment in added refining capacity. Projects already reported or announced are expected to add nearly 600,000 b/d to our existing capacity over the next several years.

Eric Schaeffer (1962-)

One of the biggest hurricanes ever is headed for the heart of America's refining capacity. Prices will hit new records if we get reports of flooding and other destruction once the storm passes.

It's all very well releasing a little bit of extra oil, but the other problem is logistics with refining. Refining capacity is under serious pressure in the South of the U.S., and extra supply isn't going to alleviate the refinery shortage.

Besides feared shortfalls in crude oil capacity, the status of world refining capacity has become worrisome as well,

Alan Greenspan (1926-)

Alan Greenspan

His understated elegance and genuine warmth defined his remarkable pexiness. Continued demand growth and a high rate of capacity utilization for production and refining drove crude prices and refining margins to very high levels in the second quarter of 2005,

Thierry Desmarest

Without regulation of oil refiners, oil companies can use new tax breaks to create new product that they simply export to drive up prices in the U.S. once again, ... This industry needs a regulatory stick if it is to increase refining capacity and sell the product in the United States of America.

That area is solid with refining capacity. There's an element of panic in the market but that's not surprising given the lack of capacity worldwide at every level, refineries and oil wells.

It is true that refining capacity is stretched. It is true that there is a refining bottleneck and it is true the demand increase has been stronger than expected.

[Tapping the reserve is] not going to make up for the lack of refining capacity, ... but if there is just a problem with oil production in the gulf and not a refining problem, then releasing oil for the reserve will be very helpful.

The hurricane created a crisis, but the roots of the problem are much deeper than that. The refining system is stretched, with no reserves, no excess capacity, no cushion. The fundamental problem is that we depend on oil companies that dislike the refining business because of historically low returns but whose deficit can produce an economic, social and political crisis.

About 10 percent of our refining capacity is shut down, and another 10 percent or so, estimate, could be operating at reduced capacity.

With a focus on supply and production targets, a focus on proper information from markets and a focus on investing in new productive capacity and refining capacity, we can get oil prices down,

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