Greedy CEOs: “Inflation is Our Friend.”

[Bryce]

And there is going to be a serious shortage of diesel fuel because???

[Deleted User 9015]

And there is going to be a serious shortage of diesel fuel because???

Russia???

Also, didn't we have a refinery shut down because of a hurricane that generated about a quarter of a million barrels in output???

ADidn't two other refineries begin the process of converting to renewable diesel???

That's a lot right there.

[TC Talks]

I would have been looking into anti-trust filings. This is one legit tool when something gets too big and pricing becomes unfair.

you would be jumping up and down about government overreach if an anti-trust suit was ever filed against the oil industry for example.

These also take years to implement, that doesn't help the immediacy of inflation.

Aren't you a libertarian?

Oh and just wait till you see where diesel prices will be going...

[TC Talks]

And there is going to be a serious shortage of diesel fuel because???

More oil production will not have an impact on fuel prices in the United States because we export most of it. I believe this has been explained to you multiple times that you keep repeating your fallacies.

Crude oil exports of about 2.96 million b/d accounted for 35% of total U.S. gross petroleum exports in 2021. The resulting total net petroleum imports (imports minus exports) were about -0.06 million b/d in 2021, which means that the United States was a net petroleum exporter of 0.06 million b/d in 2021.

[Bryce]

Simple law of supply and demand tells us if we increase the amount we are able to export and bring more supply to the global market, prices will come down and we put more income in our picket

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Simple law of supply and demand tells us if we increase the amount we are able to export and bring more supply to the global market, prices will come down and we put more income in our picket

Which is a bad assumption here. If the oil leaves we can’t turn it into gasoline. We have to buy somebody else’s at whatever price they please anyways. The refineries are not set up to process domestic oil. They are set up to process foreign oil. It’s not like “oils oil” and you can dump any kind you like in the refinery and out comes cheaper gasoline.

[Turkeytop]

The Oil Companies will use any excuse as a pretext to increase the price at the pumps. Frost in Brazil. Flooding in Asia. The death of a third world despot. A celebrity divorce ----