OIL & GAS SCAM - [ NEW UNCLE INTEL ] - $8/gallon = $440/barrel - but here we are @ $120/barrel = USA is FULL OF OIL to THE BRIM!

The oil companies are trying to recover the money they lost during Covid while using it as a political power piece to get oil friendly republicans back in office. Democrats are using it to start war with Russia to cover their tracks and blame everything on Russia for everything while pushing the fake climate agenda of control. WE ARE STUCK IN THE MIDDLE!

Darp. Oil needs to be turned into gas. It isn't magic. It takes time, money and our refining capabilities are limited.

A barrel of oil is 42 gallons, at 8$ a gallon that’s 336.

OP is such a retard that he thinks oil comes in 55 gallon drums.

Lying idiot.

Ban him.

Because of fracking and oil sands extraction technologies, the US alone has a KNOWN ~200 years of crude oil. Also the US has over 100,000 years of natural gas from current KNOWN sources.

These numbers include the current rate of population growth.

Leases are being stopped for the main reason to NOT discover any new oil or natural gas pockets which would add to the debate for no reason to not extract fossil fuels domestically.

note to self, who's screwing the people world wide, gas company's, corporate farmers, and pharma....they take away our mobility rape us at the pump, make food scarce and expensive (starve us make everyone grumpy and prone to violence), release killer viruses, hook generations on pain killers that kill, while withholding known cheap and natural cures

someone told me the 70s oil crisis was faked cause you could walk along full tankers in the gulf for miles they kept from unloading

Yep that’s right my best year ever in the oil business my oil stocks the oil wells my downline my up line holdings everything rockin this is why communism sucks.

So what is preventing the oil storage facilities from transporting the oil to the refineries...

Pipelines are closed down...

California will only allow newer trucks to transport oil...

We have less refineries, in the USA, than we had 20 years ago and we are not building new ones. Yet, demand keeps increasing...

The Biden Administration is causing this oil gas scam by preventing oil from reaching the refineries. They want oil and gas prices to go even higher to promote their green new deal...

Remember when the Trump Administration eased regulations and increased oil drilling. Prices here in Oklahoma went down to 99 cents a gallon...

Yes, oil and natural gas prices are Global. Europe is cutting Russian oil and gas to further increase the problem...

To increase production, transportation, and refining should be a very real goal to decrease oil prices and bring down inflation and a stagnating economy...

They're saving the gas for tanks. You want the US to win WW3, or you wanna drive your cars?
You can't have both. There's just too many cars now.

Have no idea where you got $440/ barrel from. A barrel of oil has 42 gallons in it (it is NOT the 55 gal barrel used in for other industries). Even if there were NO costs in moving, refining, packaging, or selling oil products $8 gal only works out to $336/barrel ... and fwiw as high as gas prices are here they are NOT even close to $8/gal.

If you take out our taxes (printed right on the pump in our state, with gas at about $5.10 per gallon the gasoline is only at about $3.70/gal ... but we all know the government LOVES it's taxes so that raises our price up about another $1.40/gal.

Bakan oil fwiw to move from the oil fields to the storage locations before further shipment to the refineries, costs about $12-$15/bbl to move (Warren Buffet says "THANK YOU JOE for cancelling the pipeline that would have competed with my railraod) .... I guess you think moving the oil is FREE!!

I guess you think running the oil refineries costs NOTHING. Moving the product from the refineries to the storage tanks via pipelines or other transport methods IS FREE.

I could go on and on wrt the supply chain costs but I think you get the drift.

Refiners ARE making good profits TODAY ... 3 years or so ago they were break to even LOSING money (reason Marathon the largest refiner in the US back then permanently SHUT DOWN several of their refineries).

NO new refineries have been built in the US since the 1970's so everytime one shuts down that is refinery capacity that will NEVER be replaced in the US. To build a new refinery today the permitting processes and court battles would make it a 15 year or longer endeavor and with the switch to electric being forced by the government NO private business is going to wade into that money losing morass.

If the price of gas really bothers you that much, though I hate to say it, buy an electric vehicle ... or at least a Hybrid. It will only drop marginally when it drops, it is NOT going back to $2/gal.

$$$$$$$

And to move the narrative off bio weapons and illegal governance.

You are paying the Texas tax.

But you boneheads of the USA think Biden is the one taking you to the cleaners.

Lol

There ya go blaming capitalism again

STFU

Thread: BREAKING - National average price of gas in the U.S. surpassed $5 per gallon today

122! UH

WILL ANYONE VOTE FOR THESE CUNT DEMS EVUH AGAIN?!

Nobody said there was a oil shortage Numbnuts.

It’s a refinery shortage.

You by chance live In entiat.

It IS a scam, because the USA has more oil than every other country.

However, the price of a barrel of oil (55 gallons), doesn't include costs for transportation and for refining that oil.

Just wanted to point that out.

A barrel of oil is 42 gallons, as has been repeatedly pointed out.

If you don’t know that basic fact you’re probably too stupid to be commenting on the situation.

Most definitely, it is a refinery shortage caused by various environmental groups and most notably the EPA. In fact there was a Wall Street Journal article on this from one of the heads of the oil companies. I think it was Chevron that stated we have not built a new oil refinery in the United States of America since the 1970s that’s almost 50 f***ing years!! That’s the problem!! The EPA is the problem. The tree-hugging environmental groups are the problem. Every single time we try to put in a new refinery, we get stopped by the EPA and the liberal ass courts. Do YOU want to fix the problem? Approach the problem from a position of strength and power.

Most definitely, it is a refinery shortage caused by various environmental groups and most notably the EPA. In fact there was a Wall Street Journal article on this from one of the heads of the oil companies last week. I think it was Chevron that stated we have not built a new oil refinery in the United States of America since the 1970s that’s almost 50 f***ing years!! That’s the problem!! The EPA is the problem. The tree-hugging environmental groups are the problem. Every single time we try to put in a new refinery, we get stopped by the EPA and the liberal ass courts. Do YOU want to fix the problem? Approach the problem from a position of strength and power.

Last Edited by redhed6971 on 06/09/2022 11:27 AM

No, you can still have supply as usual, but the cost go up due to inflation. We are on the verge of hyper inflation. All that printing money has consequences. Prices are up because the dollar is down.

We have a lack of refining capacity.

Manufactured Crisis.



.

There might be a lot of oil in storage but there is no refining capacity. We have not built a new refinery in 20 years in spite of population and demand increases.

A barrel of crude undergoes refinement which turns it into ~1200 gallons at the gas station pump. The contract for guaranteed delivery of a barrel of crude in July specifies a bidding price of $120ish. If you skip the contract, you may be able to purchase the barrel for more or less in July. In fact, the ability to trade oil futures creates additional liquidity.

there haven't been any built because there's no demand for additional refinement.

My brother in law has a ranch in Montana. He said he has not been able to rent trucks or heavy equipment for several months because the are all being used by companies who are digging up and dismantling the Keystone Pipeline. I'm not sure how this will affect the US, but I'm sure it's not good.