Uncle Joe

[KUTradition]

i mean, it’s capitalism…

https://www.nrdc.org/bio/zanagee-artis/ ... -price-dip

but by all means, keep name-calling and blaming people that have relatively little control

[Shirley]

Refining capacity has been a limiting factor for years. But like budget deficits, the national debt, infrastructure, the southern border, et al., even tho Trump was in office for 4 years and controlled the entire government for 2 years, for cult members it only matters when a democratic administration is in office.

[Shirley]

Crude Oil $84.76/barrel -$4.46 = -5.00%

Thanks, Joe!

[jhawks99]

Crude Oil $84.76/barrel -$4.46 = -5.00%

Thanks, Joe!

So the man in the big chair is the best president ever.

[Shirley]

Can anyone confirm that Hunter Biden isn't on the board of AOG Technics?
I didn't think so.

(I have no reason to think he is or isn't, just asking.)

General Electric (NYSE:GE) and Safran (OTCPK:SAFRY) on Wednesday increased the number of jet engines they identified as having fake safety documents from 96 to 126. The higher number is another sign that a scandal involving a company accused of forging the certifications is growing wider.

AOG Technics, a company based in London, was accused of selling the parts with “falsely documented” parts in a lawsuit by CFM International, the joint venture between GE (GE) and France’s Safran (OTCPK:SAFRF).

The unauthorized parts were installed during maintenance work on dozens of the best-selling CFM56 engines made by CFM. The engines were installed on planes made by Boeing (NYSE:BA) and Europe's Airbus (OTCPK:EADSY).

Aerospace regulators in the United States and Europe also accused AOG Technics of using fake documents.

[JKLivin]

Refining capacity has been a limiting factor for years. But like budget deficits, the national debt, infrastructure, the southern border, et al., even tho Trump was in office for 4 years and controlled the entire government for 2 years, for cult members it only matters when a democratic administration is in office.

Had you bothered to read the article linked, or even the quotes excerpted, you would have had a better chance of getting the point. As you were.

[Shirley]

Refining capacity has been a limiting factor for years. But like budget deficits, the national debt, infrastructure, the southern border, et al., even tho Trump was in office for 4 years and controlled the entire government for 2 years, for cult members it only matters when a democratic administration is in office.

Had you bothered to read the article linked, or even the quotes excerpted, you would have had a better chance of getting the point. As you were.

What did Alex Jones and Tulsi Gabbard have to say?

[twocoach]

Gee whiz, you'd almost think that taking a twofold approach like, say, increasing domestic production of oil and increasing refinery capacity would be in order. But, no, let's just keep pushing electric cars and wind energy and tell people they can't have natural gas heat and ovens anymore. Not that it really fixes anything, but, we'll keep banging that drum and chanting about the Saudis anyway.

Uh-huh. Record domestic production, on Biden’s watch.

https://www.reuters.com/business/energy ... 023-08-08/

Yes. So you've said. Repeatedly. Hence, the second part of my post:

https://www.wusa9.com/article/news/veri ... 0f349c9cac

"Also, keep in mind, crude oil is only part of the equation. A lot is happening in the world of refining.

'The biggest change by far is that the cost of refining, you know, the margins that refiners get for processing crude oil into gasoline has risen very sharply,' Finley said."

Why is it "rising sharply"? Because we have significantly less refinery capacity than in years past, a trend that began with Brandon, and continues to go the wrong direction - to the tune of 1 million barrels per day. Getting it out of the ground is a moot point if you can't turn it into gasoline. Brandon, Giggles, et al know this, but they and their puppets continue to spout their half-true claims and shrug their shoulders anyway.

https://www.forbes.com/sites/rrapier/20 ... e7c8cb71e7

"U.S. energy policy has been clear about the intent to phase out fossil fuels. If you are a refiner forecasting billions in losses — and you require massive investments in order to keep your refinery operating safely and in compliance with the laws — you may very well simply make the decision to close down.

There are two excellent sources of information detailing which refineries closed, and why they closed. The first is the EIA.

During the summer, the EIA reported U.S. refinery capacity decreased during 2021 for second consecutive year, in which they discussed one of the major closures in 2021. They also showed this excellent graphic of how refinery capacity has evolved in recent years:

These companies are projecting the future. They are looking at long-term demand forecasts for petroleum products. Those projections indicate declining fuel demand over time. Thus, they do not want to invest billions of dollars that could take a decade or more to pay off.

Imagine that you are running a chain of stores. Overall, your company is highly profitable, but you have stores that are consistently unprofitable. Further, those stores are outdated, the outlook for demand in these areas is weak, and it will cost a lot of money to upgrade them. You would probably close those locations.

That, in a nutshell, is why we have lost refining capacity in the U.S. It’s going to take some changes in our energy policy to address this."

The date on your second article: Nov 15, 2022

Since then....

https://www.reuters.com/markets/commodi ... 023-06-21/

Increases reflect capacity expansions at Marathon Petroleum and Citgo Petroleum. This year's 18.1 million bpd capacity remains below the 18.98 million bpd peak in 2019, according to Jan. 1 processing capacity measured by the U.S. Energy Information Administration (EIA).

The total does not include a 250,000 bpd increase that came after the cutoff date at Exxon Mobil's (XOM.N) Beaumont, Texas refinery in March of this year. The Beaumont expansion, the largest addition to a U.S. refinery in more than a decade, pushed the total to about 18.3 million bpd, still shy of the 2019 peak.

https://www.reuters.com/business/energy ... 023-08-09/

"U.S. refinery rates rose last week to just under 94% of total capacity, and averaged around 93.6% in the quarter so far, compared with 92.8% between July and September last year, according to government data."

[KUTradition]

fuel demand at a 9-month low

i’m sure that has zero to do with price drops

[MICHHAWK]

folks ain’t driving cause they can’t afford uncle’s gasoline.

4 more years! (of high gas prices)

[Shirley]

folks ain’t driving cause they can’t afford uncle’s gasoline.

4 more years! (of high gas prices)

No one can figure out why.

[MICHHAWK]

we know why.

[KUTradition]

folks ain’t driving cause they can’t afford uncle’s gasoline.

4 more years! (of high gas prices)

basic economics too high level for you?

maybe you need more reading, riting, and rithemetic

[dolomite]

Econ 101, cut the supply, price goes up, Thanks Joe, for thinking about climate change.

[KUTradition]

the American public has made it abundantly clear that they are more than willing to pay exorbitant prices

why would petroleum companies give up record profits?

idiots

[JKLivin]

Refining capacity has been a limiting factor for years. But like budget deficits, the national debt, infrastructure, the southern border, et al., even tho Trump was in office for 4 years and controlled the entire government for 2 years, for cult members it only matters when a democratic administration is in office.

Had you bothered to read the article linked, or even the quotes excerpted, you would have had a better chance of getting the point. As you were.

What did Alex Jones and Tulsi Gabbard have to say?

I quoted the U.S. Energy Information Administration (EIA) and Forbes both directly. Sorry to disappoint.

[Overlander]

the American public has made it abundantly clear that they are more than willing to pay exorbitant prices

why would petroleum companies give up record profits?

idiots

Or, their billions in subsidies.

[Overlander]

we know why.

Maybe no one showed Biden how to operate that giant "fuel prices" knob on the Oval Office wall?

[randylahey]

the American public has made it abundantly clear that they are more than willing to pay exorbitant prices

why would petroleum companies give up record profits?

idiots

That's insanely dumb. Nobody wants to pay higher prices, but most people depend on gas whether they like it or hot

But, travel is down. Due to inflation of gas and everything else

[Sparko]

Gas prices down again today. Thanks Biden..