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Bernie and Lindsey (or the old grouch making sense)

as the board's biggest Bernie supporter, even i am beyond pissed at Bernie for not fighting for what he believes in last time around.

not fighting the other candidates, but fighting the corporate owned DNC, and the corporate owned and big pharma funded media, who never were going to allow him to win in 16, or in 20.

and the DNC, Comcast/NBC, and ATT/CNN, colluding to kill Bernie in 16 for that POS Hilary who they owned, is what gave us Trump, and now all the sht that Trump has brought down on us.

the only way Bernie can win, is if he calls out the DNC and the corporate media from day one, and lets all the electorate realize from day one that Comcast and Warner Media, and Disney/ABC, and CBS/Viacom, and Fox, and Facebook, and Bezos, and Google, all have hundreds of billions each riding on their defeat of Bernie, so their treatment of him can be viewed in the real context of where it's delivered from.

and their big pharma and big insurance advertisers have even more riding on his defeat, probably collectively to the tune of trillions long term.

and that Comcast/NBC literally sponsored Biden's candidacy in 2020, just to to kill Bernie.

it wasn't personal, just business.

and that the corporate DNC owners who partnered in killing off Bernie, had hundreds of billions to trillions riding on killing off Bernie as well, in 16 and 20.

and these are not exaggerated numbers.

Bernie can run as a Dem, but his only chance is let everyone know the DNC funders/owners, and Comcast/NBC, Warner Media/CNN, Fox, Facebook, etc, all have literally hundreds of billions to trillions riding on their being able to kill off Bernie again.

is he too old, yes.

but he's still 10 times better and sharper than anyone else, and not only his candidacy, but everyone down ticket as well, in every state, is far better off riding with Bernie, than anyone else the Dems have.

and no one else begins to take away the big chunk of Trump supporters that Bernie will, many of whom were Bernie supporters to begin with, before the DNC and the media killed his candidacy.
 
First I will say using Lindsey as a gate keeper... huge eye roll
But I made it 4 minutes and was reminded to calculate something that I had been thinking of. Economies of scale.
Using what Bernie said, the Major oil COMPANIES profited $35 billion the first qtr. That is $35,000,000,000.
The US uses aprox 33.2 billion gal of automotive gas per quarter. That is 33,200,000,000. (that's the first search result that popped up)
That makes a $0.9489 per gallon profit. Ok that could, depending on what your narrative is, construed as excessive profit. But business is not in BUSINESS to break even. When "it" hits the fan in the most minuscule way, their employees are jobless if they are not profitable.
So lets say they reduce that profit 50%. That reduces the price of gas today by $0.47 . That gas that was averaging ~$2.10 (2020ish) that is now averaging ~$5.05 is cheap at $4.53 if big oil cut back pricing. Heck lets make the free market oil run at net zero. Gas would be ~$4.10, does that make ya'll feel better that big oil can close down and cut out your entire life within a few days if it hits the fan? This is not just gas, think of all of the petroleum needed to make your solar panels and rainbow flags.
Yes Oil makes a profit. Does apple?
OK bring it.
 
First I will say using Lindsey as a gate keeper... huge eye roll
But I made it 4 minutes and was reminded to calculate something that I had been thinking of. Economies of scale.
Using what Bernie said, the Major oil COMPANIES profited $35 billion the first qtr. That is $35,000,000,000.
The US uses aprox 33.2 billion gal of automotive gas per quarter. That is 33,200,000,000. (that's the first search result that popped up)
That makes a $0.9489 per gallon profit. Ok that could, depending on what your narrative is, construed as excessive profit. But business is not in BUSINESS to break even. When "it" hits the fan in the most minuscule way, their employees are jobless if they are not profitable.
So lets say they reduce that profit 50%. That reduces the price of gas today by $0.47 . That gas that was averaging ~$2.10 (2020ish) that is now averaging ~$5.05 is cheap at $4.53 if big oil cut back pricing. Heck lets make the free market oil run at net zero. Gas would be ~$4.10, does that make ya'll feel better that big oil can close down and cut out your entire life within a few days if it hits the fan? This is not just gas, think of all of the petroleum needed to make your solar panels and rainbow flags.
Yes Oil makes a profit. Does apple?
OK bring it.
Blaming oil companies is just as dumb as blaming presidents. Lots of stuff goes into the cost of a gallon of gas. By your math, the oil companies (in this case, I think we really mean oil refining companies, to be specific) add 90 cents to the price for profit. Indiana adds another 46 cents for taxes, and the feds add an extra 18 cents. Then there are some costs involved in transportation and infrastructure and employees. No idea what that might add up to.

But the biggest factor is and remains the cost of oil. At $120/barrel, that's about $2.85 per gallon of gas, just to pay for the oil*. So the only way to really attack the price of gas is to dramatically flood the global markets with more oil. How do we do that? The only options I can think of that would really even have a chance at making a big difference would be to make nice with Russia by making sure their oil has access to all markets, or to cozy up to OPEC countries that have the capability of increasing production quickly, which, AFAIK, is probably only Saudi Arabia or UAE.

* Each barrel of crude only produces 19 gallons of gas. The other 23 gallons get turned into diesel, jet fuel, and other products. The $2.85 price assumes those other products can be sold at the same margin as the gas. If they cannot, then the actual cost of the oil to produce gasoline goes up. If those 23 gallons were entirely unproductive (i.e., wasted), the actual cost of the oil in a gallon of gas would be a whopping $6.32.
 
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First I will say using Lindsey as a gate keeper... huge eye roll
But I made it 4 minutes and was reminded to calculate something that I had been thinking of. Economies of scale.
Using what Bernie said, the Major oil COMPANIES profited $35 billion the first qtr. That is $35,000,000,000.
The US uses aprox 33.2 billion gal of automotive gas per quarter. That is 33,200,000,000. (that's the first search result that popped up)
That makes a $0.9489 per gallon profit. Ok that could, depending on what your narrative is, construed as excessive profit. But business is not in BUSINESS to break even. When "it" hits the fan in the most minuscule way, their employees are jobless if they are not profitable.
So lets say they reduce that profit 50%. That reduces the price of gas today by $0.47 . That gas that was averaging ~$2.10 (2020ish) that is now averaging ~$5.05 is cheap at $4.53 if big oil cut back pricing. Heck lets make the free market oil run at net zero. Gas would be ~$4.10, does that make ya'll feel better that big oil can close down and cut out your entire life within a few days if it hits the fan? This is not just gas, think of all of the petroleum needed to make your solar panels and rainbow flags.
Yes Oil makes a profit. Does apple?
OK bring it.
OK
So it's perfectly fine for oil companies to do nothing, and by doing nothing, contribute to the weak supply and higher pump prices? Great position to find yourself. Refinery production is down, way down.


My best guess is that by helping to create the shortage big oil will have their hand out for more in the way of subsidies. In my memory there were two Presidents that would have called in the ceo of each company and had a come to Jesus meeting, Nixon and Johnson. Ehhh maybe not the guy from Texas.
 
OK
So it's perfectly fine for oil companies to do nothing, and by doing nothing, contribute to the weak supply and higher pump prices? Great position to find yourself. Refinery production is down, way down.


My best guess is that by helping to create the shortage big oil will have their hand out for more in the way of subsidies. In my memory there were two Presidents that would have called in the ceo of each company and had a come to Jesus meeting, Nixon and Johnson. Ehhh maybe not the guy from Texas.
That's not the correct data. I'm not sure what's wrong with it, but I imagine it's because of a gradual shift in production from refineries to blenders. In truth, the US has been producing as much gasoline as it ever has, except for the dramatic drop in 2020 for obvious reasons.

 


What could have been 6 years ago.

The grouchy old guy is correct, corporate greed is the problem. It's the problem with healthcare and medicine. It's the problem with fair compensation for employment. It's the problem with food prices, gas prices.

We have a problem with crime, but we have a for profit prison system. We have a problem with immigration. I don't know, has that been monetized too?

also ..

"I have a lot of problems with democrats but" ... yup, preach.

The effeminate guy could basically have presented his points by using commonly used memes. "Border" "Socialism" "Crime" one word fear inducing slogans.
 
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Blaming oil companies is just as dumb as blaming presidents. Lots of stuff goes into the cost of a gallon of gas. By your math, the oil companies (in this case, I think we really mean oil refining companies, to be specific) add 90 cents to the price for profit. Indiana adds another 46 cents for taxes, and the feds add an extra 18 cents. Then there are some costs involved in transportation and infrastructure and employees. No idea what that might add up to.

But the biggest factor is and remains the cost of oil. At $120/barrel, that's about $2.85 per gallon of gas, just to pay for the oil*. So the only way to really attack the price of gas is to dramatically flood the global markets with more oil. How do we do that? The only options I can think of that would really even have a chance at making a big difference would be to make nice with Russia by making sure their oil has access to all markets, or to cozy up to OPEC countries that have the capability of increasing production quickly, which, AFAIK, is probably only Saudi Arabia or UAE.

* Each barrel of crude only produces 19 gallons of gas. The other 23 gallons get turned into diesel, jet fuel, and other products. The $2.85 price assumes those other products can be sold at the same margin as the gas. If they cannot, then the actual cost of the oil to produce gasoline goes up. If those 23 gallons were entirely unproductive (i.e., wasted), the actual cost of the oil in a gallon of gas would be a whopping $6.32.
The last time crude was $120, gas was about $4.25.

US Crude production is down about 10% from pre-pandemic levels. Producers claim they can easily exceed pre-pandemic levels but they lack workers. Also investment in equipment replacement is not happening because government (federal state and local) policy changes limit ROI.

Refining capacity is also down about 10% from pre-pandemic levels. The Exxon chairman said that will never be made up and will continue to shrink as public policy discourages capital investment.

Democrats at all levels of government promised voters in 2020 they would work to shutdown Big Oil. Those promises are being fulfilled at every level of government, federal, state, and local.
 
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That's not the correct data. I'm not sure what's wrong with it, but I imagine it's because of a gradual shift in production from refineries to blenders. In truth, the US has been producing as much gasoline as it ever has, except for the dramatic drop in 2020 for obvious reasons.

Not sure what blenders are but a google search tells me that a blender uses refinery products. How and where a blender gets the chemicals to mix into gas is more than I care to research but combining the output of refinery and blenders seems a bit misleading. No? i suppose biomass and such could contribute, but there is such a huge difference in the numbers when adding blender numbers to refinery production it just doesn't seem to add up to a reasonable sum. Ethanol doesn't account for such a huge jump.

Maybe relaxing some of the regulations concerning carbon credits would be a short term solution.
 
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