He could order high test be removed from the market. Diverting that refining capacity to Regular.
This would increase the stocks of Regular and lower it's price.
He could order a 20 percent reduction in Jet fuel use domestically. Diverting that refining capacity to regular Auto fuel.
He could order a 20 percent reduction in Jet fuel use by domestic airlines. Diverting that refining capacity to regular Auto fuel.
He could subsidize Ethanol plant buildings for Auto Fuel, that would lower the price of new plants.
What will he do? Nothing. GW Bush only takes action on the problems that effect the wealthy, he never takes action on any problem that effects working class Americans. GW Bush would never do anything to stop big oil profits from rolling in and his own party's Contributions from big oil. Congress is also useless. Democrats are spineless.
Gasoline production= 9 million barrels per day.
Refinery's running at 90.2 percent of capacity.
Gasoline demand= 9.14 million barrels per day.
BTW, drilling is not the problem. Only idiots think that. Refining capacity is the problem. GW Bush is the problem. Bush could also release the Federal Oil reserve and all of above could be done by executive order, don't need the do nothing Congress..
