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On our planet, countries like Russia and those in the Middle East, North Africa, and Central Asia have the champagne of oils.
In the US, we have the Mad Dog 20/20 of oils. Okay, that's not entirely true. It's Mad Dog 20/20 and Thunderbird.
So far this year, the US has exported 120,509,000 barrels of oil.
Each barrel has 42 gallons so that is 5,061,378,000 or simply 5.06 Billion gallons of gasoline.
Why does the US export gasoline instead of adding that gasoline to the gasoline supply and decreasing the price of gasoline?
I already told you why. The US had the Mad Dog 20/20 of oils.
US oils are crap oils. That gasoline is all high-Sulfur. To eliminate the Sulfur so that it could meet EPA Tier III Standards of 10 ppm would make the price of gasoline $6-$8/gallon and I'm just assuming that since you're sniveling over $3.50/gallon you would go insane at $6-$8/gallon.
US oils are great for asphalts, roofing materials, tars, plastics, cosmetics, and other things but they suck for gasoline.
The US has 121 operating refineries but only 16 produce gasoline.
So....drill baby drill. Drill all you want. Overload US refineries with oils so they switch one of the 16 gasoline producing refineries to just refining oil for stuff.
Then you'll only have 15 refineries producing gasoline and your gasoline supply will be lower so gasoline prices will rise even higher.
Winning!
None of that is anywhere near true.
The US exports oil because the Permian production that has been coming on stream for the past decade is higher quality than can be refined in US refineries, most of which are optimized for lower quality imported crude oils.
US oil isn't "crap" oil, it's a mixture of various grades and qualities.
Every refinery produces gasoline, not just 15 or 16 of them. The amount of gasoline produced depends on the configuration of the refinery and the nature of the crude oil feeds.
The US may have exported 120.5 million barrels of oil, but that does not equate to 5 billion gallons of gasoline. The maximum amount of gasoline from a barrel of crude oil is about 20 gallons. The US product exports are about 60% diesel and fuel oil and 40% gasoline.
We were ENERGY INDEPENDENT under Trump and a net exporter of energy.
That was because of natural gas exports. We were still highly dependent on foreign oil. In fact, oil production so far in 2023 is higher than any year of the Trump presidency.
The problem isn't that Joe Biden stopped energy production. The problem is that we're using more energy and we're unable to increase production enough to meet demand. Which would have been even worse if not for the "shale revolution", but we've already tapped out a lot of that shale oil, so eventually our production will start dropping back to early 2000's levels, or less.
National average for gas is creeping upwards and has increased 18% since January. There are tools that Biden can use (tools is what JKP often says in the WH press conferences) but why doesn’t Biden use these to lower gas prices? Open some of those lands for actual leases where it’s feasible to get natural gas and oil.
Here you can see the rising gas prices; gas prices are closing in on $4 per gallon.
I doubt Biden can do much for high gas prices, and even if he could, he wouldn't. Biden doesn't care how much it hurts average working Americans.
He lives in a clueless fog.
DO you think his team wants to be re elected?
I read in several places there is back door diplomacy going on with Iran to ease sanctions and give them their own money back. The USA gets 1st crack at their oil.
I read in several places there is back door diplomacy going on with Iran to ease sanctions and give them their own money back. The USA gets 1st crack at their oil.
We fought in Iraq and thought we'd have first crack at the oil. We were wrong.
' Can Biden do anything to stop rising gas prices? ' Yes. If he waits a couple months and does nothing it will drop all by itself on the annual cycle caused by 2 things: Summer increased travel will wane and the winter blends will once again be allowed and they are cheaper.
I guess it depends where you live , gas is around $3.75 in NY Costco is around $3.55. None of that changes the fact that prices are decreasing the past 2 weeks.
EV's and green energy is the future and are doing just fine and as already pointed out production is at a near high. We can expect more of a drop after Labor Day.
Climate change isn't going away, there is a cost in using fossil fuels. A tropical storm in CA 2 weeks ago and 2 hurricanes on both sides of Florida at the same time.
One: the gas prices in my state has increased not decreased since the beginning of the year. The fact is we have a oil refinery just up the coast from where live so the transportation cost should not the reason for increased cost factor. It is mainly our high state gas tax.
Unfortunately my car has to use premium gas which is about 15-20 cents higher. Our other car is a hybrid.
Two: there has been no increase in the number of hurricanes of late, in fact there more hurricanes 50-100 year ago then now. The average yearly major hurricanes are 2 per year for the last 100 years.
ATLANTIC HURRICANE NUMBERS BY YEAR
Now my opinion on buying an EV. The cost of an EV (average according to KBB is $60K) for the average Joe is priced out of their range. Yes you can buy a cheap EV (I wouldn't call them actually cheap, but less expensive ones) but the problem with that is the miles between charges is considerable less.The more expensive the EV the more mile you can drive on one charge. But the higher miles between charges the higher the cost of those EV's.
Also EV must recharge using fossil energy and the cost of the charging station will rise as more and more for EV as the revenue for the funding for the department of transportation decreases from the non-use of state gas tax at the pump. The cost of the yearly tabs is already $150 more that a gas car in my state for an EV and about extra $100 for a hybrid with the same problem with the decrease highway funds will demand an increase in that as well.
concluding that if the highway is filled with EV's and revenue from the gas tax decreases the highways and roadways maintenance will decline very fast. So don't expect the cost of owning an EV to be beneficial for the average Joe.
That's just right wing spin - you should do your research, before making statement just to push some right wing spin, being caught up in partisan obsession.
Biden does not own a single Oil Refinery, and he does not own a single drilling operation. What he has done is, he has issued more drilling permits than existed during Trump Admin.
Why not focus on what matters? The matter is "Corporate Executives"... when you begin to focus your attention there, you can find the culprit to high fuel cost. That includes looking at OPEC as well as the madness of Russia... and you will get a bigger picture of what is happening with Oil.
Oil Producers see the fact they won't be king of the hill forever, so they are gouging all they can as quick as they can.
Maybe you should be asking what is the Republican House doing, and you will find they are doing nothing but playing "culture war" and vengence games because the nation did not submit itself to Trumpism.
Not right wing spin. Left wing policy. He TOLD you in the debates he was going to get rid of fossil fuels and he's doing it. Caved to the left wing climate change mob.
These twenty-five Biden administration policies are raising energy costs
#1 and 2: Adopting new EPA oil and gas rules
In November 2021, the Environmental Protection Agency announced new regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year.
Last spring, Biden signed a resolution that overturned Trump administration reforms to EPA oil and gas rules. This resolution will worsen energy poverty, reestablish burdensome regulations, and have a disproportionate impact on small businesses.
#3, #4, #5, #6, #7, and #8: Restricting or impeding energy projects
One of Biden’s first actions after taking office was to halt new oil and gas leases on federal lands and waters, the Biden administration has delayed decisions on these leases — a move that results in higher energy costs for the most vulnerable consumers.
The administration canceled the Keystone XL pipeline and suspended oil and gas leases in the Arctic National Wildlife Refuge and New Mexico (despite opposition from the Navajo Nation). It also resurrected the “Waters of the United States” rule, which would increase barriers to energy projects.
The White House is pursuing new standards for particulate matter and ozone, likely tightening them to unachievable levels for much of the country and creating new barriers for energy project permits.
The president also has rescinded Endangered Species Act reforms, a move that will increase red tape and allow litigation to slow down energy projects.
#9: Rejoining the Paris agreement
In April 2021, without the consent of Congress, Biden rejoined the Paris agreement, which will result in onerous new regulations that could raise energy costs....
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