Why gas prices are so high

H

Hawkeye10

ButterMilk Man
Contributor
1) Crude prices are high

2) We had just enough refinery capacity before the pandemic but a fair amount was closed during the pandemic, in part because of claims that we will transition out of oil and gas rapidly (the Save the Planet timeline is complete fantasy)

3) It is impossible to build new capacity, only partly because the Revolution wont allow it.

4) Profit taking

5) importing gas is very hard to do




Discuss
 
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Hawkeye10 said:
1) Crude prices are high

2) We had just enough refinery capacity before the pandemic but a fair amount was closed during the pandemic, in part because of claims that we will transition out of oil and gas rapidly (the Save the Planet timeline is complete fantasy)

3) It is impossible to build new capacity, only partly because the Revolution wont allow it.

4) Profit taking

5) importing gas is very hard to do




Discuss
Click to expand...

Because Republicans voted against gas price gouging.
 
Hawkeye10 said:
It is impossible to build new capacity, only partly because the Revolution wont allow it.
Click to expand...
No new refineries likely ever built again in the U.S., Chevron CEO warns
https://seekingalpha.com/news/38457...-ever-built-again-in-the-us-chevron-ceo-warns
..does not expect another oil refinery will be built in the U.S. ever again, due to decades of federal government policies.

"We haven't had a refinery built in the United States since the 1970s. My personal view is there will never be another new refinery built in the United States," Wirth said in an interview with Bloomberg.

"You're looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying we don't want these products," Wirth said.

"At every level of the system, the policy of our government is to reduce demand, and so it's very hard in a business where investments have a payout period of a decade or more," according to Wirth.
"And the stated policy of the government for a long time has been to reduce demand for your products."
 
anatta said:
No new refineries likely ever built again in the U.S., Chevron CEO warns
https://seekingalpha.com/news/38457...-ever-built-again-in-the-us-chevron-ceo-warns
..does not expect another oil refinery will be built in the U.S. ever again, due to decades of federal government policies.

"We haven't had a refinery built in the United States since the 1970s. My personal view is there will never be another new refinery built in the United States," Wirth said in an interview with Bloomberg.

"You're looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying we don't want these products," Wirth said.

"At every level of the system, the policy of our government is to reduce demand, and so it's very hard in a business where investments have a payout period of a decade or more," according to Wirth.
"And the stated policy of the government for a long time has been to reduce demand for your products."
Click to expand...
They just keep expanding existing refineries. We still have unused capacity.
 
Why gas prices are so high

th

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Tucker was saying tonight that "Save the Planet" capital sources starving the industry is the problem.....when the refineries are running at 94.2% capacity that is not correct.
 
Hawkeye10 said:
1) Crude prices are high

2) We had just enough refinery capacity before the pandemic but a fair amount was closed during the pandemic, in part because of claims that we will transition out of oil and gas rapidly (the Save the Planet timeline is complete fantasy)

3) It is impossible to build new capacity, only partly because the Revolution wont allow it.

4) Profit taking

5) importing gas is very hard to do




Discuss
Click to expand...

its not impossible to build more capacity, Chinese cocksucker.
 
"
In intimate moment, Biden vows to 'end fossil fuel' - ABC Newshttps://abcnews.go.com › Politics › wireStory › intimate...
Sep 6, 2019 — He said, "I want you to look at my eyes. I guarantee you. I guarantee you. We're going to end fossil fuel."

In intimate moment, Biden vows to 'end fossil fuel' | AP Newshttps://apnews.com › ...
Sep 6, 2019 — He said, “I want you to look at my eyes. I guarantee you. I guarantee you. We're going to end fossil fuel.”


Who wants to risk investing money in fossil fuels when Biden is at war with the fossil fuel industry.
 
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Hawkeye10 said:
We are running at 94.2% capacity, which has almost NEVER happened...this is fucking high.....unsustainable.

Your reputation with me is in decline.

BE BETTER
Click to expand...


"US Utilization of Refinery Capacity - YChartshttps://ycharts.com › indicators › us_operable_crude_oi...
US Utilization of Refinery Capacity is at 94.20%, compared to 92.60% last week and 88.70% last year. This is higher than the long term average of 89.58%."
 
Hawkeye10 said:
1) Crude prices are high

2) We had just enough refinery capacity before the pandemic but a fair amount was closed during the pandemic, in part because of claims that we will transition out of oil and gas rapidly (the Save the Planet timeline is complete fantasy)

3) It is impossible to build new capacity, only partly because the Revolution wont allow it.

4) Profit taking

5) importing gas is very hard to do




Discuss
Click to expand...

You know nothing. You left out the Russian blockade of the black sea, the fact the Russia has been totally cut out of the oil market.

I mean, there is not end to your uselesses.
 
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