01 Nov 22
There is a difference between oil producers or oil refiners. Biden seems to be making a deliberate effort to confuse the two. Oil producers do not control the price of refined fuel. Oil refiners do that.
https://www.yahoo.com/news/biden-warns-oil-firms-face-225500312.html
Who is Biden seeking to penalize for high profits, oil producers or oil refiners who produce gasoline and diesel fuel? It should be the latter, so why is he talking about oil producers? You cannot put crude oil in your car to drive.
Is Biden insulting your intelligence? Do you know the difference between oil and refined fuel? Biden seems to be betting against that. Why doesn't he say "oil refiners" instead of oil producers? Is it because he thinks you are stupid?
01 Nov 22
@metal-brain saidNo. You are insulting everyone’s intelligence.
There is a difference between oil producers or oil refiners. Biden seems to be making a deliberate effort to confuse the two. Oil producers do not control the price of refined fuel. Oil refiners do that.
https://www.yahoo.com/news/biden-warns-oil-firms-face-225500312.html
Who is Biden seeking to penalize for high profits, oil producers or oil refiners who produce g ...[text shortened]... Why doesn't he say "oil refiners" instead of oil producers? Is it because he thinks you are stupid?
Are you suggesting that OPEC doesn’t influence oil prices?
Yes. Yes they do.
What is OPEC? Ahhh… a group of oil producing countries.
If they decide less barrels… and consumers want the same amount of oil… the price goes… well…
And oil refiners have little say in that matter.
Can oil refiners influence prices at all?
Yes. Yes they can. But not half as much as the oil producers can.
And so, for some reason, this is another example of a bandwagon of crazy that’s rolled by and, god only knows how, you’ve managed to latch on to it and can’t think straight.
All you have to do is inform yourself about OPEC and you have all the information you need to come to a sane conclusion.
Yet you can’t.
Even now, you’re building up the steam needed to stagger forth with the stupidity you’ve just started. Digging down into that rabbit hole of retard.
Get help. Professional doctors can help you with your paranoid delusions.
@shavixmir
He LOVES his delusions so much he would NEVER seek help because he thinks he is WAY too intelligent to EVER need any help.
01 Nov 22
@shavixmir said"Are you suggesting that OPEC doesn’t influence oil prices? "
No. You are insulting everyone’s intelligence.
Are you suggesting that OPEC doesn’t influence oil prices?
Yes. Yes they do.
What is OPEC? Ahhh… a group of oil producing countries.
If they decide less barrels… and consumers want the same amount of oil… the price goes… well…
And oil refiners have little say in that matter.
Can oil refiners influence prices at ...[text shortened]... rabbit hole of retard.
Get help. Professional doctors can help you with your paranoid delusions.
You are such an idiot!
Not only did I not even mention OPEC I was talking about fuel prices, not oil prices. Biden is using the terms oil producers and oil refiners interchangeably and you are too stupid to notice the difference. Oil producers produce oil. Oil refiners produce refined fuel from oil. Taxing oil producers will not guarantee lower fuel prices, especially since the oil refiners are price fixing, not oil producers.
"Can oil refiners influence prices at all?
Yes. Yes they can. But not half as much as the oil producers can."
You have it backwards son.
The oil refiners in the USA are exporting refined fuel to reduce supply here domestically. That is how you drive up the price of fuel and profits here in the USA.
If there was any basis for your idiotic assertions you would be able to prove it using the historical price ratio between crude oil and refined fuel. If I am wrong simply prove the ratio has not changed much over time. Go ahead and knock yourself out trying. What you will find is a tight correlation of high fuel prices and high profits from the refiners.
You are so conditioned to accept stupidity on a regular basis from the refinery oligarchy you cannot accept common sense observations. You have convinced yourself that high fuel prices and high profits from the refiners is a mere coincidence.
You are dumber than a dung throwing ape. In fact, throwing dung is all you do on this forum. You are too stupid to debate without lying and trolling.
01 Nov 22
@kannstipated saidHe is an ape. Why are you so impressed by dung throwing apes?
@shavixmir
LoL good speech.
https://oilprice.com/Energy/Crude-Oil/US-Refiners-Are-Preparing-For-A-Potential-Fuel-Export-Ban.html
We have a domestic fuel shortage and they are exporting fuel.
The dung throwing ape would have you believe record profits domestically at the same time is just a coincidence.
https://www.marketplace.org/2022/05/23/u-s-oil-refiners-margins-smash-records-but-few-plan-to-build-more-plants/
They are price fixing!
01 Nov 22
@metal-brain saidSo you say the price of the raw material (crude oil) is not relevant for the product?
"Are you suggesting that OPEC doesn’t influence oil prices? "
You are such an idiot!
Not only did I not even mention OPEC I was talking about fuel prices, not oil prices.
01 Nov 22
@sonhouse saidYou are projecting again.
@shavixmir
He LOVES his delusions so much he would NEVER seek help because he thinks he is WAY too intelligent to EVER need any help.
It is clearly you that loves your delusions so you can avoid accepting reality.
Biden is helping the refinery oligarchy screw you over. Lowering the price of oil only helped the refineries to keep price fixing. They buy oil, not you. You need oil to be refined before you can use it.
Get it through your thick skull. You don't buy crude oil. It is of no use to you until it is refined. The price you pay at the pump is dependent on refineries, not oil producers. If they wanted to raise the price of fuel while oil prices were falling they could do it. All they have to do is restrict the supply enough, but even dung throwing apes like you would notice and conclude the obvious.
You are fine with it though. As long as a democrat is running the oligarchy and screwing you over it is okay. And as long as it is not Trump risking WW3 no need to talk about how to survive a nuclear war. That would make democrats look bad, so sweep all our problems under the rug and hope they go away. Right?
It is like finding out your son is a rapist who got away with it. The ethical thing to do would be to turn him in before he rapes more women, but he is family so you condone it. Avoiding embarrassment is more important than preventing a serial rapist from raping more women. Right?
You don't mention to your democrat friends that the capitol police let protesters in do you? You are afraid they would think you are a traitor to your party, right? You sweep things under the rug because you don't have the courage to confront inconvenient facts, let alone mention them to your friends.
01 Nov 22
@ponderable saidI didn't say that. The price of oil is clearly a factor and an important one.
So you say the price of the raw material (crude oil) is not relevant for the product?
My point is you cannot affect the price of refined fuel by oil prices alone. I feel embarrassed for the human race to have to explain this to people.
Your automobile does not run on crude oil. Why do you think John D. Rockefeller decided the real money was in refining, not oil production? Because he wasn't stupid. That is why.
@metal-brain saidNo your being stupid again that’s like saying the price of potato chips has nothing to do with the price of potatoes.
You are projecting again.
It is clearly you that loves your delusions so you can avoid accepting reality.
Biden is helping the refinery oligarchy screw you over. Lowering the price of oil only helped the refineries to keep price fixing. They buy oil, not you. You need oil to be refined before you can use it.
Get it through your thick skull. You don't buy crude oil ...[text shortened]... e you don't have the courage to confront inconvenient facts, let alone mention them to your friends.
Oil refiners like potato chip manufacturers are private companies who compete with each other for consumers.
Now listen very carefully 💩 for brains OPEC and OPEC+ are text book price fixing monopolies who fix the price of oil and it’s byproducts by artificially restricting the amount of oil on the market and let the law of supply and demand do the rest"
Oil refineries can only refine as much oil as OPEC and OPEC+ supply them with.
Is Putin worried enough about a tax on the women and journalist murdering producers that are holding the world to random at his behest that he’s had to put you on the propaganda trail, interesting 🤔
@kevcvs57 said"Oil refiners like potato chip manufacturers are private companies who compete with each other for consumers."
No your being stupid again that’s like saying the price of potato chips has nothing to do with the price of potatoes.
Oil refiners like potato chip manufacturers are private companies who compete with each other for consumers.
Now listen very carefully 💩 for brains OPEC and OPEC+ are text book price fixing monopolies who fix the price of oil and it’s byproducts by artifici ...[text shortened]... g the world to random at his behest that he’s had to put you on the propaganda trail, interesting 🤔
You idiot. Price fixing is not competitive. If they were competitors they would have an incentive to build new refineries. Why do you think the Koch brothers are libertarians? Because they don't like antitrust laws. Price fixing is illegal under antitrust laws. Price fixing is a monopoly.
BTW, did they finish their investigation into the oil refineries to find out if they are anti competitive? All the signs are there. Reduction of supply to drive up prices and profits. No incentive for building new refineries despite roaring demand.
https://www.foxbusiness.com/politics/oil-refineries-shutter-amid-hostile-fossil-fuel-policies-pain-at-the-pump
You potato comparison is also stupid. It costs a lot more per pound for potato chips than potatoes. Just like it costs a lot more for refined fuel than crude oil. Try going to a potato farmer and ask him for potato chips. He might grow potatoes for Frito Lays, but he doesn't make them into chips.
The reason the Japanese Empire failed was because they had no refining capacity. Pearl Harbor never have happened if President Franklin Roosevelt had not squeezed the Japanese into initiating the attack with his oil embargo on Japan, They called it an oil embargo, but it was really a refined fuel embargo. Japan could have gotten oil from someone else, but with no refineries they were dependent on imports to continue their empire. That was their undoing.
Refined fuel is really important. Wars cannot be fought for long without it. Cars cannot be run without it. That is why the Rockefellers are one of the most powerful families in the world. They monopolized the refining industry, but you also need to remember that while John D. Rockefeller was squeezing out the competition he do so by lowering the price. Consumers benefited until the competition was finally wiped out. Price fixing is far worse because competition ends by agreement and nobody is being squeezed out. There is no pre-monopoly benefit of low prices. The competitors agree to stop being competitors and reduce production so all of them can increase prices/profits.
"OPEC and OPEC+ are text book price fixing monopolies who fix the price of oil"
OPEC is not a true monopoly. Not all oil producing nations are OPEC nations. OPEC has the ability to move oil markets because it is a large portion of the market, but they are not a true text book price fixing monopoly. Close, but no cigar.
@metal-brain saidYou utter retard
"Oil refiners like potato chip manufacturers are private companies who compete with each other for consumers."
You idiot. Price fixing is not competitive. If they were competitors they would have an incentive to build new refineries. Why do you think the Koch brothers are libertarians? Because they don't like antitrust laws. Price fixing is illegal under antitrust laws ...[text shortened]... portion of the market, but they are not a true text book price fixing monopoly. Close, but no cigar.
01 Nov 22
@kevcvs57 saidDid they finish their investigation into the oil refineries to find out if they are anti competitive? Biden launched that investigation a long time ago, remember? Last summer I pointed it out and complained about how long it was taking to conclude the investigation. I made fun of them for waiting for gas prices to go down before they would conclude the investigation. If I am right it is still ongoing. Gas prices havn't come down yet.
You utter retard
01 Nov 22
@metal-brain saidRight. Before you bury yourself in your retarded rabbit hole of ridiculous moronity… do you think there’s a connection between oil prices and petrol prices?
"Are you suggesting that OPEC doesn’t influence oil prices? "
You are such an idiot!
Not only did I not even mention OPEC I was talking about fuel prices, not oil prices. Biden is using the terms oil producers and oil refiners interchangeably and you are too stupid to notice the difference. Oil producers produce oil. Oil refiners produce refined fuel from oil. Taxing ...[text shortened]... throwing dung is all you do on this forum. You are too stupid to debate without lying and trolling.
@shavixmir saidGavin Newsom is saying the same thing as I am.
Right. Before you bury yourself in your retarded rabbit hole of ridiculous moronity… do you think there’s a connection between oil prices and petrol prices?
"And last week, California Gov. Gavin Newsom called on Congress to tax the profits of oil companies. “Crude oil prices are down but oil and gas companies have jacked up prices at the pump in California. This doesn’t add up,” Newsom said on Friday. “We’re not going to stand by while greedy oil companies fleece Californians. Instead, I’m calling for a windfall tax to ensure excess oil profits go back to help millions of Californians who are getting ripped off.”
https://apnews.com/article/biden-business-prices-government-and-politics-ba71f46a47c2be5a2ffd58a258796260
https://finance.yahoo.com/news/profit-reports-show-oil-refiners-001400401.html
Biden Asked the FTC to Examine Oil, Gas Companies’ Role in High Gasoline Prices almost 1 year ago. Go ahead and say Biden is a retard.
https://www.wsj.com/articles/biden-asks-ftc-to-examine-whether-oil-gas-companies-are-illegally-keeping-gas-prices-high-11637164142