Refiners - a factor in the price of fuel.
We've all watched the price of fuel drop slowly when there's a glut of crude oil and then watch the price of fuel jump overnight when the price of crude goes up. This is old news. Something I've b...
Forum Discussion
wa8yxm wrote:To put some perspective in the discussion, who is the world's largest oil producer? The USA.
There is a political statement I will not make here.... But.
The oil companies cry about the high price of crude from overseas.. Which we could get by quite nicely without if we wished (The reasons we still import are political and thus I will not discuss them here).
But every quarter the Kotch Brothers post record breaking profits for their oil comnpanies... Something is clearly wrong here..
And there is so much more political stuff involved as well.
While I was fueling those Mississippi tow boats, I also did custom work for Koch refineries. While working there one boring night, the dockman and I figured out that each Koch brother (if earnings were divided between the two) was making as much as winning the Lotto twice a day.
A large part of the oil we import from the Mideast is due to the exchange of our North Slope oil with Asians in the form of vouchers for barrels of Mideast crude.
