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I know it isn't always easy to bring the refineries back on line. But economically feasible? Bull. The oil companies are showing record profits. They can afford to spend a little bit of those record profits on bringing them online.
Why would they, when they don't have too? We are f'd. Oil has always controlled us, and always will.
I know it isn't always easy to bring the refineries back on line. But economically feasible? Bull. The oil companies are showing record profits. They can afford to spend a little bit of those record profits on bringing them online.
You really have no idea what you're talking about. Oil companies are making record profits because the price for their product has gone up. The price has gone up because oil is sold on an open world market, and the market has decided that provoking nuclear war with a major oil exporter while shutting down nuclear plants and enacting anti-oil policies makes oil more valuable.
This "energy crisis" is purely political in origin, tied to leftist politicians' anti-fossil fuel policies coming home to roost (along with the Russia issue).
You really have no idea what you're talking about. Oil companies are making record profits because the price for their product has gone up. The price has gone up because oil is sold on an open world market, and the market has decided that provoking nuclear war with a major oil exporter while shutting down nuclear plants and enacting anti-oil policies makes oil more valuable.
This "energy crisis" is purely political in origin, tied to leftist politicians' anti-fossil fuel policies coming home to roost (along with the Russia issue).
Gas prices are artificially deflated as it is with the suspension of some of the gas taxes.
Imagine how high they’d be if they hadn’t done that. What is it like 50 cents a gallon or something in state taxes?
Gas prices are artificially deflated as it is with the suspension of some of the gas taxes.
Imagine how high they’d be if they hadn’t done that. What is it like 50 cents a gallon or something in state taxes?
In New York it's only $0.16 per gallon that is subject to the tax holiday. All the same I think those moves are terrible.
Oil is not just supply and demand. It is traded in the futures market which greatly affects the price per barrel.
I totally agree. Why can't anyone get that through their head? You can watch the spot price daily or sometimes more often on CNN Commodities (link). For gasoline, add roughly a dollar to the price of Unleaded (less for Costco and other "cheap" stations, up to $2.00 for stations in ritzy areas) and you've got your New York area price.
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