Posted on 06/16/2022 9:28:15 PM PDT by SeekAndFind
If the price of corn rises, a farmer may get a windfall for his produce. That doesn’t mean he’s price gouging.
“windfall profits”, “pay your fair share” are all trigger phrases for the wealth envy crowd.
“ The problem here is that we have people in the government – including the President – trying to tinker with a massive industry when they clearly have no clue whatsoever as to how it works.”
The money quote.
And the premise for Atlas Shrugged.
The apparatchiks will have the cars, the yachts, the airplanes, the dachas by the water, partying with all the gourmet foods guarded by machine guns.
You will eat beets, cabbage and potatoes.
It would send a message if the oil companies just decided to shut down for a week.
A bit like the average layman instructing the heart surgeon on how to perform his aortic valve replacement.
In related news.
Information from another forum, maybe some of out TX members can comment?
“The Lyondell refinery in Houston has been for sale for the last 2 years.
The companies that can afford it won’t buy it and the smaller ones that want it, can’t afford it. They say if it’s a no sale by the end of the year, they will shutter it.
It’s the 5th largest refinery in the US, and makes almost 300K barrels of gas per day.
They claim to be running at a loss.
Lyondell, while a large refiner has a problem with their distribution system.
Since they aren’t a branded fuel and don’t have any national scale, they give up price points in the market compared to their competitors.
Compound that with a very narrow or non-existent crack spread and you can see their dilemma.
They continue to run at a loss because the environmental liability of shuttering a running plant is formidable.
The reason the Exxon’s and Shell’s do not want to buy the facility is that it the only union refinery in the area”.
Have you lately checked the price of diesel that is required to operate farm equipment?
.
The last sentence in the excerpt is telling; i.e., it is union. That is probably one of the reasons that they are running without a profit.
Unions are very stubborn. Union leaders specialize in cutting of the noses of their members in order to make sure management’s faces are spited. They will refuse to make meaningful concession even though EVERYONE WILL LOSE THEIR JOBS!!!
Yet the Saudis run the country’s largest refinery in the same area.
Pfft. Brandon was a wildcatter in Scranton PA where he discovered oil.
Hope the morons who “voted” for Burden are happy now.
Rachel has a penis. It doesn’t know how to do heart surgery. But I digress....
Biden could end his sanctions against the oil industry.
END THE SANCTION NOW!
Biden doesn’t know what the hell is going on around him THAT IS A FACT, I believe that Obama is running the country and his main goal has ALWAYS BEEN the destruction of America there will NEVER be a course change with Obama at the helm PERIOD!!! Winning in 2022 is not going to help a single thing the republicans will say just as they have always done that we NEED the White House our hands are tied!! When we gave them ALL THREE branches we got the middle finger, I honestly can’t believe that people STILL believe that with the house and senate these bastards will fight to change ONE THING we will get the same stinking excuses!!!
Not going to happen. He’s going to nationalize the oil and transportation industries as a response to this mess.
Good friend of mine works at the Marathon refinery in Texas City, TX. They are presently maxed out. Refining 625,000 bbls oil per day, 21,000,000 gals gasoline per day, but also jet fuel, cruise ship oil, hydrogen, benzene, propane, butane, propylene for plastics, sulfur for drug companies, coke anode for Silicon Valley, asphalt for roads....it’s a bunch of other things besides gasoline Brandon.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.