Biden thinks he's a wartime President. What a sad idiot

[DarthTrader]

Just sad:

Biden demands oil companies explain lack of gasoline as prices rise

U.S. President Joe Biden on Wednesday demanded oil companies explain why they aren't putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices.Biden wrote to executives from Marathon Petroleum Corp, NYSE:MPC Valero Energy Corp, NYS…

www.tradingview.com

America isn't at war, what a sad senile old man.

 

[HenryBHough]

Xiden?

"Thinks"????????????

 

[toobfreak]

Biden thinks he's a wartime President.​

Sadly, while leaving the impression he meant Ukraine, Joe really IS at war: with America.

 

[excalibur]

There hasn't been a new major refinery built in the USA in some 40 years. Why? Massive EPA and state interference. A few smaller ones have opened but no major ones. We've been living off the modernization of older, existing refineries.

First Major New U.S. Oil Refinery Since 1977 Targets Bakken Shale Crude

The last greenfield refinery built in the continental United States was opened 43 years ago when Marathon Petroleum opened its spanking-new 200,000 barrel of oil per day (bopd) plant in Garyville, Louisiana.

www.forbes.com

A "renewable diesel" refinery is operating in N. Dakota. But that means using food stuffs, soybeans and corn for that process, thus taking away from the food supply same as ethanol does.

Marathon completes startup of North Dakota renewable diesel refinery

Marathon Petroleum Corp. (MPC) has fully commissioned a grassroots renewable diesel production unit built as part of the operator’s conversion of its former conventional crude...

www.ogj.com

 

[Winston]

Just sad:
View attachment 658390

Biden demands oil companies explain lack of gasoline as prices rise

U.S. President Joe Biden on Wednesday demanded oil companies explain why they aren't putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices.Biden wrote to executives from Marathon Petroleum Corp, NYSE:MPC Valero Energy Corp, NYS…

www.tradingview.com

America isn't at war, what a sad senile old man.

Did he say we were dumbass. "At a time of war"--A war that is having an impact on countries throughout the world, on every continent, well except for maybe Antartica, but then again, maybe there too.

 

[B. Kidd]

Sadly, while leaving the impression he meant Ukraine, Joe really IS at war: with America.

No doubt.

 

[Winston]

There hasn't been a new major refinery built in the USA in some 40 years. Why? Massive EPA and state interference. A few smaller ones have opened but no major ones. We've been living off the modernization of older, existing refineries.

First Major New U.S. Oil Refinery Since 1977 Targets Bakken Shale Crude

The last greenfield refinery built in the continental United States was opened 43 years ago when Marathon Petroleum opened its spanking-new 200,000 barrel of oil per day (bopd) plant in Garyville, Louisiana.

www.forbes.com

A "renewable diesel" refinery is operating in N. Dakota. But that means using food stuffs, soybeans and corn for that process, thus taking away from the food supply same as ethanol does.

Marathon completes startup of North Dakota renewable diesel refinery

Marathon Petroleum Corp. (MPC) has fully commissioned a grassroots renewable diesel production unit built as part of the operator’s conversion of its former conventional crude...

www.ogj.com

Quoting your source,

“The refinery model for most of the last century was to put increasingly complex refining operations on the Gulf coast, where you could grab whatever tanker was going by and make a buck or two,”

That is still the strategy, although it operates a little differently now. It used to be those refineries grabbed a tanker of crude to refine the oil, now they grab an empty tanker and send diesel to some other country, or even crude.

And it is disingenuous to complain about the lack of building new refineries without speaking of the increased capacity of current refineries.

The key numbers to know: According to the Department of Energy (DOE), U.S. refining capacity at the start of 2010 was about 17.7 million barrels per day. Ten years later, it had moved to just under 20 million barrels per day. But in the most recent weekly report, the DOE’s Energy Information Administration (EIA) listed U.S. capacity at 17.9 million barrels per day, almost down to the level it was at the beginning of 2010. U.S. consumption during that period rose to about 20.5 million barrels per day from about 18.6 million.



That drop in refining capacity is the direct result of the lack of demand during the Covid pandemic. It has nothing to do with environmental regulations. Except for this, those oil companies know that they can continue to turn down the screws on the American public in an effort to have Republicans take power back. They still make exorbitant profits, and they hold out hope of decreased environmental regulations that will allow them to externalize their costs--which means get them paid by you and I.

Diesel prices: The loss of US refining capacity is making things worse - FreightWaves

The decline in U.S. refining capacity is a key factor in why diesel prices have gone up so much, according to experts.

www.freightwaves.com

The biggest driver of inflation is diesel prices. In most parts of the world diesel is cheaper than gasoline, and for good reason, it is cheaper to refine. But not in the US, hell, diesel exceeds gasoline by more than a dollar a gallon. Mostly because we export diesel. I mean WTF, what dumbass country exports diesel?

US Exports More Diesel as Global Shortage Fuels Competition

The U.S. is exporting more diesel than it has in years as buyers in Europe and Latin America vie to secure supplies that have tightened since Russia’s invasion of Ukraine.

www.ttnews.com

I mean holy shit, we are exporting even MORE diesel.