This summers gas prices....

BBEA422F-24C9-43A6-88B5-CB0931FA9F8F.jpeg
Golfman25 said:
I have been talking refinery capacity for several posts now. It is being shutdown or not reopened from the pandemic. Policy matters and if you have a war on fosile fuels the oil & gas industry is a much less attractive investment. If you have a billion $$$, you going to invest in an oil refinery or weed.

Unfortunately for senile Joe, the answer is simple. But he won't do it. He'd have to stop his war on fosile fuel. The US economy needs cheap energy to thrive. The difference between Biden and Carter is today the problem was self inflicted.

And don't get me started on the Republicrats. They are clearly letting a crisis go to waste. They should be campanging on the US Energy Indepence Act. But they are too stupid to figure it out.
Click to expand...
Can we at least spell fossil fuel properly if you are going to call ME the idiot?
 
Last edited:
Cdillerud said:
Shutting down? We are averaging almost the exact daily output today as the average during the trump years. What has shut down, if anything it is ramping up(slowly...) after the pandemic shutdowns?

Further, the the cost of crude oil remains about 55% of the cost of a gallon of gasoline. So where is the extra $ per gallon going? That's my question(obviously my first post answers this...)
Click to expand...

You've got a lot to learn about the oil industry macroeconomics my liberal grasshopper.

Here, and this is the only hint I’ll give you. Do you remember when the price of a barrel of oil was a negative value? Trump was POTUS during this time.

Well, if the barrel was negative in value why was gas $2.00/gallon?

Talk among yourself.
 
Naw. Fuck it. I’m too busy sponging off of your tax dollars and being ill educated.

Enjoy your summer. I know I will.
 
Last edited:
Smashpjp said:
Perfect article, if you read it and comprehend what you read. Why is capacity down?

2 (China and Russia) of the 3 largest Refiners are at reduced capacity or out of the picture. China and their zero covid policy not only is shutting down refineries , but has also placed export quotas (13.1 million Barrels per day net effect). Russia we all know is sanctioned (1.5 million Barrels per day net effect).

That has caused the highest ever surge in USA refining up 6.1 Million Barrels per day. at 92% capacity needs to meet exports. This surge is to meet EXPORT demand.

Refiners have closed 1 Million BPD of capacity over the last 3 years. We now have 17.9 million barrels per day of capacity. Pre-Russian war and China impacting the market, US refiners were operating at 60% capacity.

60% --- We had excess refining capacity prior to this mess. That's the reason they are shutting down or had plans to shut down...

Refiners are making record margins currently the article states and if you read Exxons qtr investor report, they say the same thing. They also state they have trimmed operating expenses in refining. The lyondell plant thats cited in the article that is shutting down cites "high cost of maintenance" it was earmarked for closure in 2023. Then they had a fire that shut it down completely early and reduced.
Click to expand...
Smashpjp said:
https://www.bloomberg.com/news/articles/2022-06-15/lyondellbasell-fire-shows-how-fast-refining-capacity-can-shrink

But its Joe fault...
Click to expand...

Finally, you are getting it. A president's stance and regulations can chill investments. And that is what JoeBama has done with his war on oil. But Joe most likely has no idea what his stance is. Obama and his minions give Joe talking points and he just parrots them with no understanding. It's elder abuse and his wife is a monster.
 
OllieC said:
He blamed the gas stations for gauging this week IIRC....the friggin' gas stations??
Click to expand...
Yeah, they make maybe $.05 per gallon, if that. Have a friend who owned a couple gas stations. He at best made $.05 per gallon and at worst lost $.10 with some of the truck fleet programs. The only way he made any real money was servicing cars and trucks. When that ceased to be profitable a few years ago, he sold.

I don't know what genius in the Admin came up with that tact, but what a dumbass. Look into your claims before you make Joebama look like even a bigger dumbass.
 
highslice said:
Yeah, they make maybe $.05 per gallon, if that. Have a friend who owned a couple gas stations. He at best made $.05 per gallon and at worst lost $.10 with some of the truck fleet programs. The only way he made any real money was servicing cars and trucks. When that ceased to be profitable a few years ago, he sold.

I don't know what genius in the Admin came up with that tact, but what a dumbass. Look into your claims before you make Joebama look like even a bigger dumbass.
Click to expand...
It don't matter the subject, they just throw shit out and expect the public will not recognize it. They act as if we're 'all' stupid.
 
Fox News is now saying that gas prices are falling too fast, with a host saying that this decline is “historically faster than usual” which is causing “independently-owned mom-and-pop gas stations” to “struggle.”

https://cdn.jwplayer.com/previews/c62BEkyH
 
Last edited:
Sweet - thank goodness for Biden doing something even though we’ve been told he can do nothing. Maybe gas stations need body armor. I know they do in Minneapolis.

edit: we saved $.10 last week and paid $4.65 per gallon. Great job!!!
 
You must log in or register to reply here.

Forum statistics

Threads
113,182
Messages
1,428,039
Members
61,088
Latest member
SGT LAT
Back
Top