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<blockquote data-quote="The Other Side" data-source="post: 835116" data-attributes="member: 17969">You can thank both Ronald Reagan and George H Bush for our refining problems.&nbsp; I know you ALL will jump on the no new refineries have been built because democrats wont allow it, but you better do your homework first.&nbsp;In both Reagans and Bush&#039;s terms in office, they collectively SHUT DOWN over 45 refineries in this country.&nbsp; Deregulation of the oil industry allowed the biggest companies to scoop up the smaller ones and then SHUT THEM DOWN creating the 5 largest oil companies in the world.&nbsp;By controlling the refining aspect, they could drive up prices.&nbsp; Oil was at 5 bucks a barrel when reagan took office, and he shot it up with this practice, and Bush followed driving the price even higher to 24 bucks a barrel.&nbsp;Clinton came in and threatened to open our reserves if the oil companies continued this practice and oil held steady for 8 YEARS.&nbsp; GW BUSH comes in with total control of congress and the senate and oil shoots up 450%.&nbsp;Is this any surprise??&nbsp;Well, not to a democrat. Unfortunately, most republicans dont understand any of this.&nbsp;Its the repubilcans who DONT WANT new refineries built even though they blab on about it year after year.&nbsp; New capacity or output would drive prices into the ground and you know that will never happen.&nbsp;Do your homework, and place blame where it belongs.&nbsp;Peace.</blockquote>

[QUOTE="The Other Side, post: 835116, member: 17969"] You can thank both Ronald Reagan and George H Bush for our refining problems. I know you ALL will jump on the no new refineries have been built because democrats wont allow it, but you better do your homework first. In both Reagans and Bush's terms in office, they collectively SHUT DOWN over 45 refineries in this country. Deregulation of the oil industry allowed the biggest companies to scoop up the smaller ones and then SHUT THEM DOWN creating the 5 largest oil companies in the world. By controlling the refining aspect, they could drive up prices. Oil was at 5 bucks a barrel when reagan took office, and he shot it up with this practice, and Bush followed driving the price even higher to 24 bucks a barrel. Clinton came in and threatened to open our reserves if the oil companies continued this practice and oil held steady for 8 YEARS. GW BUSH comes in with total control of congress and the senate and oil shoots up 450%. Is this any surprise?? Well, not to a democrat. Unfortunately, most republicans dont understand any of this. Its the repubilcans who DONT WANT new refineries built even though they blab on about it year after year. New capacity or output would drive prices into the ground and you know that will never happen. Do your homework, and place blame where it belongs. Peace. [/QUOTE]

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