Posted on 10/14/2022 6:00:54 PM PDT by TigerClaws
U.S. refineries are preparing themselves for the possibility that President Biden could impose a ban on fuel exports after the White House dangled the threat of the ban in front of refiners. No action has been taken to date, but with the mid-terms coming up and fuel prices continuing to rise, this could soon change.
Earlier this month, the White House requested that the DOE assess the potential impact of banning fuel exports – including gasoline, diesel, and other refined petroleum products. The move suggested that President Biden may be preparing for a ban. This comes ahead of the mid-term elections, at a time when Biden is concerned about fuel prices rising even higher, and as the U.S. public battles with growing inflation levels and general economic uncertainty.
In August, the U.S. Secretary of Energy, Jennifer Granholm, addressed a letter to U.S. refining companies pleading with them to increase their domestic inventories of gasoline and diesel and to shift focus away from exports. In her letter, she pointed to the potential for “emergency measures” to be taken if they could not achieve this goal. In October, she suggested that restrictions on energy exports were a possibility, and although they were not being considered “at this time,” that may change if deemed necessary.
Refineries across the country are uncertain about whether Biden will call for a ban on fuel exports in a bid to manage high gasoline and diesel prices. Due to the ongoing insecurity, U.S. refineries are now putting contingency plans in place to be prepared for any sudden decision from the White House. - ADVERTISEMENT -
One oil executive explained the situation: “We don't have a place to put excess fuel in the U.S," adding, "We would have to slow refinery runs to make less diesel and gasoline.”
(Excerpt) Read more at finance.yahoo.com ...
The Biden Administration has an impeccable track record of offering fifth grade solutions to real-world problems.
Correct me if I’m wrong...as I’m sure you will. If I remember correctly the law* allowing the president to ban export was limited to crude oil and did not include refined fuel.
* It was a rider to another unrelated bill.
BIDEN HAS GOT TO GO!! He is anti-American.
Is he intentionally trying to destroy Europe?! The only reason to ban it would be to prevent Europe getting power this winter.
Henry Kissinger: “To be an enemy of the US is dangerous, but to be a friend is fatal”?
“Is he intentionally trying to destroy Europe?! The only reason to ban it would be to prevent Europe getting power this winter.”
*****
Getting ready for war. US Mil will need the fuel to defend Western Europe.
Western Europeans have to get used to living with a lot less. Cheap Russian fuel and cheap Chinese manufacturing is going away.
“We would have to slow refinery runs to make less diesel and gasoline.”
Let’s see...cut production and you need fewer workers. Layoffs! That’s the ticket right before the mid-term elections.
Brandon is counting on 100,000 layoffs more than being offset by millions of consumers happy that he lowered gas prices.
But, how many times has he wagged his finger at us and said “Presidents don’t control oil prices”?
Ironically Kissinger is one of the major players in the global take over. Read the connections and names here.
https://en.wikipedia.org/wiki/Kissinger_Associates
here I am thinking..
we can refine enough to export after all the refinery shut downs?
It’s going to be a cold, cold winter, especially in Europe.
All those deaths by freezing will be attributed to Biden.
He is trying to outdo Stalin and Mao.
Anything to retain power - who cares if our Allie’s and biggest customers in Europe freeze to death and go broke, right? The guy is a walking, talking disaster.
Yes, Kissinger is one of the bad guys, but he is a very knowledgeable bad guy...:-)
Lance Chambers:
“What he was trying to suggest is that if you are an American enemy then that can be a danger but at least you know where you stand. But if you are a friend then the US will destroy you - not necessarily from malice but because of how America operates.
Recently, as you may know, Australia and China had a falling out. China stopped buying Australian barley but America was happy to sell American barley to China even though Australia is supposed to be an American ally.
Even if you are a ‘friend’ of the US they will still stab you in the back if there is money involved.”
I should have added this quote which was just made by Macron...:-)
“⚡️⚡️⚡️Paying 4 times more for gas than your own companies is certainly not a friendship, “said Emmanuel Macron on gas prices in the United States⚡️⚡️⚡️
With a friend like Biden, who needs enemies?
To defend Ukraine.
I believe the intention is to break the refineries more than anything. Dims want gas to be a luxury, don’t forget that. Possibly leading to nationalization.
All of a sudden that big vix bet makes sense. Probably pelosi.
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