I just heard about this, 1/3 of the U.S. capacity (Texas) is shutting down by EPA order. This may cause a panic in the fuel market even if they work out any stop gap measures. This will also cause the layoff of thousands of workers and further ripple effects on down the line. Play this as you see fit. Phone calls (to Reedsport) from refinery workers confirm the shutdown. If true we are looking at at least $8.00 fuel if it isn't solved quickly... Good Luck all..
Via Mark Levin Show
From Phoenix Conservative Examiner
by Gil Guignat
Whereas Obama is trying to crush Arizona by suing it into the ground to prevent it from defending itself from illegal immigration, and it is preventing any clean up efforts in Louisiana after 71 days, it has just been learned from one of our conatcts in Texas that Obama by way of the EPA has just shut down today 33% of the country’s refining capacity.
While Obama was unsuccessful at putting a moratorium on oil drilling, he was able to accomplish the same thing by putting a stranglehold on oil refining which accomplishes the same thing. With 1/3rd of the country’s oil refining gone what do you think this will do to the economy? this was the inherent threat that Obama had presented for months. either give him Cap and Trade or we will shut everything down through the EPA.
What do you think this will do to the economy of Texas.
Let’s recap what has happened in the last 90 days.
Obama is going after Arizona and trying to cut off all border security aide while suing the state.
He is making no attempt to stop the oil leak in Louisiana. This is now affecting the economies of Louisiana, Texas, Georgia and Florida.
He is going after Texas and with this double whammy of shutting down the refineries and the oil spill the sate that was doing the best in the country is now being taken down.
So far Obama has completely trashed five states and is in the process of destroying their economies. What chance do you think there is of a recovery
Hope and change! Totalitarianism is here!
“EPA overturns 16-year-old Texas permit program
By RAMIT PLUSHNICK-MASTI, Associated Press Writer Ramit Plushnick-masti, Associated Press Writer Wed Jun 30, 5:35 pm ET
HOUSTON – The U.S. Environmental Protection Agency on Wednesday officially overturned a 16-year-old Texas air permitting program it says violates the Clean Air Act, leaving some of the country’s largest refineries in a state of limbo.The move comes after years of backdoor bickering, negotiations and public arguments between the EPA and Texas. The argument recently escalated from a battle over environmental issues into a heated political dispute over states’ rights.
He has been using it to drive home his contention that President Barack Obama’s administration is overreaching, saying in a statement Wednesday that “Texas will continue to fight this federal takeover of a successful state program.”The EPA’s decision, announced in a statement, will force some 125 refineries and petrochemical plants to invest millions of dollars to get new permits. Many of the plants may also have to invest in updates to comply with federal regulations.” More at Yahoo News…