Oil refiners exploited the crisis': Report shows oil refiners are gouging California drivers (Whitehouse, economy)

[sav858]

Originally Posted by LeafyDenseCities

This blame blue states and one side defendes corporate American as if their for profit reality and to shareholders .... has them make all rightious decisions is part of this blame game and lead to our extreme divides and toxic politics. So much in thus forum on spin to blame the opposing party in all things.

People aren't blaming "blue states", just California....

[animalcrazy]

Originally Posted by V8 Vega

Idiot Biden just canceled oil leases in Alaska and the Gulf of Mexico. Biden is 100% the reason for high gas prices and inflation.

So you think a couple of oil leases did all this?
Oh lordy. Read about OPEC and how the oil cartel sets prices. Read about how big money oil is not interested in drilling for more and are focusing on profits and paying investors. When you lost a ton of money during the pandemic, your investors get nervous and leave.

How exactly did Biden bring about global inflation because of the pandemic?

Read something intelligent vs being good sheeple to propaganda.

[V8 Vega]

Gas was $2 cheaper under Trump

[WRM20]

Originally Posted by V8 Vega

Gas was $2 cheaper under Trump

Correlation is not causation

[TacoSoup]

Originally Posted by sav858

No surprise here, this happens all the time, the CA surcharge never came down after some refinery explosion in SoCal a couple of years ago. They'll probably keep prices high forever now because they know none of our politicians will do anything. Case in point, Newsom and his empty promise to "investigate" CA's unusually high prices over 18 months ago.

Oil refiners exploited the crisis': Report shows oil refiners are gouging California drivers

A recent investor profits report shows that California oil refiners are gouging Californians as they earn more than double the number of other refiners.

According to Consumer Watchdog, in the first quarter of 2022, some California refiners earned more than twice as those reported by the same refiners in other regions and as much as five times more than in the first quarter of 2021.

"These profit reports show the Golden State Gouge is real. Oil refiners exploited the crisis in Ukraine to make a mint from California drivers," said Jamie Court, president of Consumer Watchdog.

Of course our politicians will do nothing because that’s what happens when you have a one party state where they by and large pick who gets the nominations across the board. Anyone who wants change within the party will never see the light of day

[Mathguy]

Originally Posted by WRM20

When I read about Exxon selling the Torrance refinery to PBF, my initial thought was that if I were in charge of Exxon, I would have closed the refinery, remediated the site, and told California to enjoy the permanent 15% reduction in gasoline production capacity for the state.

You do that and the Dems would have Exxon's CEO in front of the house or senate in a flat second threatening to nationalize their profits again like in 2007-8.

Not to mention the character assassination and digging up people to accuse them of harassment.

Just look at Zuckerberg etc. from after 2000 where the tribunal grilled them and he paid penance with "Zuckerbucks". All over Russian interference despite manufacturing their own fake information.

There is just no winning in taking on the D's or R's like that for a company. They'll lie 24-7 and run your companies reputation into the mud...and you'll be ousted as CEO.

[done working]

Originally Posted by WRM20

Correlation is not causation

oh please we know the reason and so do you but you want to argue that biden has not done anything to cause the huge increases in crude.

[NORTY FLATZ]

Originally Posted by V8 Vega

Gas was $2 cheaper under Trump

Correction.

$3.

[moguldreamer]

Originally Posted by sav858

No surprise here, this happens all the time, the CA surcharge never came down after some refinery explosion in SoCal a couple of years ago. They'll probably keep prices high forever now because they know none of our politicians will do anything. Case in point, Newsom and his empty promise to "investigate" CA's unusually high prices over 18 months ago.

Oil refiners exploited the crisis': Report shows oil refiners are gouging California drivers

A recent investor profits report shows that California oil refiners are gouging Californians as they earn more than double the number of other refiners.

According to Consumer Watchdog, in the first quarter of 2022, some California refiners earned more than twice as those reported by the same refiners in other regions and as much as five times more than in the first quarter of 2021.

"These profit reports show the Golden State Gouge is real. Oil refiners exploited the crisis in Ukraine to make a mint from California drivers," said Jamie Court, president of Consumer Watchdog.

Ah, the answer to the old "Tell me you never passed University level Economics without telling me you never passed University level Economics.

[Exitus Acta Probat]

Originally Posted by animalcrazy

So you think a couple of oil leases did all this?
Oh lordy. Read about OPEC and how the oil cartel sets prices. Read about how big money oil is not interested in drilling for more and are focusing on profits and paying investors. When you lost a ton of money during the pandemic, your investors get nervous and leave.

How exactly did Biden bring about global inflation because of the pandemic?

Read something intelligent vs being good sheeple to propaganda.

• OPEC has no control over CA's cap & trade taxes, etc.

• Big oil is supposed to be interested in paying investors -- that's why boards of directors exists. And without the dividends, energy providers are just growth investments, and many people will not throw in their money, which defeats the purpose of being a publicly traded company.

• Inflation was caused by the Federal Reserve, intentionally. That is a fact, and this "global inflation" prattle is just a red herring.