Kansas Crimson

Shirley wrote: ↑Wed Oct 04, 2023 2:25 pm Crude Oil $84.76/barrel -$4.46 = -5.00%

Thanks, Joe!

Shirley wrote: ↑Wed Oct 04, 2023 1:48 pm 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.

JKLivin wrote: ↑Wed Oct 04, 2023 2:47 pm

Shirley wrote: ↑Wed Oct 04, 2023 1:48 pm 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.

JKLivin wrote: ↑Wed Oct 04, 2023 10:25 am

jfish26 wrote: ↑Wed Oct 04, 2023 10:15 am

JKLivin wrote: ↑Wed Oct 04, 2023 10:09 am 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."

MICHHAWK wrote: ↑Wed Oct 04, 2023 3:43 pm folks ain’t driving cause they can’t afford uncle’s gasoline.

4 more years! (of high gas prices)

MICHHAWK wrote: ↑Wed Oct 04, 2023 3:43 pm folks ain’t driving cause they can’t afford uncle’s gasoline.

4 more years! (of high gas prices)

Shirley wrote: ↑Wed Oct 04, 2023 3:04 pm

JKLivin wrote: ↑Wed Oct 04, 2023 2:47 pm

Shirley wrote: ↑Wed Oct 04, 2023 1:48 pm 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?

KUTradition wrote: ↑Wed Oct 04, 2023 4:06 pm 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

MICHHAWK wrote: ↑Wed Oct 04, 2023 3:52 pmwe know why.

KUTradition wrote: ↑Wed Oct 04, 2023 4:06 pm 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