Getting Better Transparency From Oil Refineries

What you are talking about is fluctuation in supply caused by reasonable issue with capacity. If a freeze cause produce prices to skyrocket, there is a national day of mourning that produce costs more. No. We complain but we either choose to pay the price, perhaps buy canned or frozen, or do without. As participants in the free market, the choice is ours.

The problem is that for the most part people did not respond appropriately to those price signals. Rather they went to the government to complain, went to their churches to hear conspiracy theories about how the liberals wanted to destroy the christian way of life, blaming regulation, speculators, evil oil people gouging the common people. All these are partly true, and gouging people who are too stupid to make adjustments so they don't get gouged is fun and profitable, but it does come down to choices.

If a single shut down can raise prices, then we are at capacity and there are only two choices. The first is to raise the price of the commodity, i.e. refined petroleum, so the refiners will have an incentive to build more capacity. Regulation will raise this costs, but so will the need of refiners to pay the expected huge salaries(sometimes well over 100K to a college grad).

The other is to use less so that current capacity is sufficient, reserves can be built, or older plants can be shut down and maybe updated.

The problem is that neither of these are acceptable to the whiners who expect the government to give them everything for nothing. Who expect to live in suburbs and have the city people subsidies their lifestyle. For those that will not drive their cars so they can approach 30 mph instead os 20 mph

Source: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/wQx8unhBqHQ/story01.htm

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