RV Fuel Issues & Prices - Post 'Em Here!
All other fuel threads will be automatically deleted. :)
Forum Discussion
Actually the upstream / downstream companies have been divesting themselves from refining. The wells they own are 10% of the worlds oil supply with 90% of it in nationalized hands. Even pure refining companies like Valero (2nd largest refiner period including the majors) sold refineries because the margins (delta between crude and finished product) was far insufficient. Actually the US demand for oil has dropped by 3 million BBLs /Day since 2008. No one makes more cars, more candy or more hot dogs than the market demands. It cost roughly $8 a bbl to break even or 5.25 cents a gallon. If the government demands environmental upgrades that requires more funds. Maybe they will pass the hat next time.
Keep printing money and watch the price of commodities rise. It's kinda interesting that food and fuel are no longer inputs into the consumer price index which tabulates the official inflation data. It's a replay of the 1970s when both labor and management were blamed for higher prices while the guilty parties both government and the Federal Reserve avoid it.
Keep printing money and watch the price of commodities rise. It's kinda interesting that food and fuel are no longer inputs into the consumer price index which tabulates the official inflation data. It's a replay of the 1970s when both labor and management were blamed for higher prices while the guilty parties both government and the Federal Reserve avoid it.
