E15 gasoline incoming...
Leaving this link here. I am not aiming to be political with this, but just a heads up... more booze in our dino juice is headed our way.
Forum Discussion
West Texas Intermediate, North Slope, and minor amounts from California and elsewhere are now coveted because of their asphalt (pavement and shingles) content. We swap Mexico two for one so they get our light fracked oil which unburdens old decrepit refineries in Mexico.
The 3-walnut shells and a pea huckster game played by oil companies exists SOLELY as an excuse to tie finished product prices to crude oil that makes up less than 2% of all crude refined in the USA. When I EXPERIENCED seeing supertankers swinging at anchor in San Pablo Bay, their plimsoll marks all but buried in seawater and the Shell Oil refinery in Martinez cut back to 40% of capacity it took the bloom off the rose for me. I ended my association in 1974
If pressure is brought to bear on domestic oil companies, suddenly a rash of REFINERY UPSETS bears the blame for why a refinery is coasting at 40% of capacity and retail prices go up. I heard with my own ears the Manager Refineries (meaning all) roar "So they want to play games with the Oil Depletion Allowance!" which was a huge tax break taken away "Well I have news for them!" Shortly thereafter the great oil shortage and price hikes of the 1970's began.
Newer processes like Delayed Coking and catalyst sulfur extraction makes heavy crude refining possible meaning refineries can blow through heavy crude at a high profit.
Louie-the-louse grade speculation is driving the markets ever higher. The problem is PHANTOM PRICING skews reality. Inflation increases and sooner or later giant "market corrections" are the rule.
My protest is personally-tailored to my lifestyle. Sept 10 to Oct 10 I consumed 5.8 gallons of gasoline. Before you start squealing re-read the personally-tailored part again.
The 3-walnut shells and a pea huckster game played by oil companies exists SOLELY as an excuse to tie finished product prices to crude oil that makes up less than 2% of all crude refined in the USA. When I EXPERIENCED seeing supertankers swinging at anchor in San Pablo Bay, their plimsoll marks all but buried in seawater and the Shell Oil refinery in Martinez cut back to 40% of capacity it took the bloom off the rose for me. I ended my association in 1974
If pressure is brought to bear on domestic oil companies, suddenly a rash of REFINERY UPSETS bears the blame for why a refinery is coasting at 40% of capacity and retail prices go up. I heard with my own ears the Manager Refineries (meaning all) roar "So they want to play games with the Oil Depletion Allowance!" which was a huge tax break taken away "Well I have news for them!" Shortly thereafter the great oil shortage and price hikes of the 1970's began.
Newer processes like Delayed Coking and catalyst sulfur extraction makes heavy crude refining possible meaning refineries can blow through heavy crude at a high profit.
Louie-the-louse grade speculation is driving the markets ever higher. The problem is PHANTOM PRICING skews reality. Inflation increases and sooner or later giant "market corrections" are the rule.
My protest is personally-tailored to my lifestyle. Sept 10 to Oct 10 I consumed 5.8 gallons of gasoline. Before you start squealing re-read the personally-tailored part again.
