Quote:
Originally Posted by Buddahaid
US refineries are running at 95% capacity making gas. This sale will lower oil prices and eventually pump prices.
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The sales to Europe and China are done in part as an effort to
stop rising prices. But it’s a temporary band-aid because it only works if we continue selling our strategic reserves. Strategic reserves are there for a reason, like umm, national emergencies. We could end up shooting ourselves in the foot. All because a certain political party sees no problem placing our national security in jeopardy so they can look good before mid-terms
Gulf Coast refineries are operating at 97.9 percent. Continually running at or near peak to meet demand isn’t healthy either. One accident and the price of oil will shoot right through the roof unlike anything you’ve ever seen before. And Europe and China will have our oil. Our problem doesn’t have jack to do with price gouging, oil companies are not re-investing in new refinery’s and rigs because government regulation gets in the way. That and what’s the point in investing in the future when you’re being run out of business by so called green energy.
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Guardian of the honey and nuts
Let's assume I'm right, it'll save time.