Liberal Forum

Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’

Ike » wrote:

24 Jan 1970, 2:07 pm

Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’

 

Someone is drinking the Kool-Aid

IkeBana » 15 Jun 2022, 11:23 am » wrote: ↑

15 Jun 2022, 11:23 am

Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’

To hear @Blackvegetable   tell it all is good with drilling because they are drilling more than last year and the year before. 
 

IkeBana » 15 Jun 2022, 11:23 am » wrote: ↑

15 Jun 2022, 11:23 am

Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’

Biden caused out of control inflation
Biden caused out of control gas prices
Biden caused the economy to crash
What Biden says has no meaning to anyone, except the Easter Bunny....

IkeBana » 15 Jun 2022, 11:23 am » wrote: ↑

15 Jun 2022, 11:23 am

Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’

Biden cut off oil production in the USA...now he's begging the Saudis and Venezuela for oil.

You are one stupid uninformed SOB.     

IkeBana » 15 Jun 2022, 11:23 am » wrote: ↑

15 Jun 2022, 11:23 am

Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’

What kind of retard believes Biden?

https://twitter.com/rubinreport/status/1536355534290489344?s=21&t=pCU5ZihCHnreib_sbjZgaQ
 

Huey » 15 Jun 2022, 11:27 am » wrote: ↑

15 Jun 2022, 11:27 am

Someone is drinking the Kool-Aid

YEP, U RNC **** PISS ANTS WHO LOVE IT WHEN CORPORATE CEOS, MAKING RECORD PROFITS & SALARIES, SKATING ON FAIR PROGRESSIVE GRADUATED MARGINAL TAXATION, STICK IT UP THE *** OF U, & EVERY OTHER AMERICAN, MUST BE DRINKING THE KOOL-AID!

        "IT'S JOE BIDEN'S FAULT!"  

IkeBana » 15 Jun 2022, 11:23 am » wrote: ↑

15 Jun 2022, 11:23 am

Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’

Well, so long as he sent his patrons a stern letter, ****.

I don't suppose his big pharma oligarchs got one, too?
 

Huey » 15 Jun 2022, 11:27 am » wrote: ↑

15 Jun 2022, 11:27 am

Someone is drinking the Kool-Aid

 

Not an argument you flaccid, limp, impotent, rape fantasizing, incel misfit.
 

Cannonpointer » 15 Jun 2022, 12:00 pm » wrote: ↑

15 Jun 2022, 12:00 pm

I don't suppose his big pharma oligarchs got one, too?

Big pharma saved our lives and we got it for free, you incel ****.
 

Ike » wrote:

24 Jan 1970, 2:08 pm

Huey » 15 Jun 2022, 11:27 am » wrote: ↑

15 Jun 2022, 11:27 am

Someone is drinking the Kool-Aid


 

Not an argument you flaccid, limp, impotent, rape fantasizing, incel misfit.
 

 

That's nice.  

Cedar » 15 Jun 2022, 11:48 am » wrote: ↑

15 Jun 2022, 11:48 am

What kind of retard believes biden?

A way higher intellectually functioning retard than the waterhead who believesTrump.
 
 
 

IkeBana » 15 Jun 2022, 12:28 pm » wrote: ↑

15 Jun 2022, 12:28 pm

Big pharma saved our lives and we got it for free, you incel ****.

Free, ya say.

They gave it away, fruity? You're THAT **** stupid?

Cannonpointer » 15 Jun 2022, 12:00 pm » wrote: ↑

15 Jun 2022, 12:00 pm

Well, so long as he sent his patrons a stern letter, ****.

I don't suppose his big pharma oligarchs got one, too?

Yep..this pure theater that Biden and The Boys  are all laughing at.
They laugh and "high five" one another when they see how easily duped their followers are.
Biden is delivering on his campaign promises to destroy our gasoline based economy and now we have morons like Ike eager to pass the blame onto the people on the next ladder rung down.....
People like Ike are now  eager to believe any Fake News that will  wash  the blame for electing this mess away. 

 

Dont forget big agriculture. The demented sock puppet was also throwing big ag. under the bus

GHETTOBLASTER » 15 Jun 2022, 12:38 pm » wrote: ↑

15 Jun 2022, 12:38 pm

Yep..this pure theater that Biden and The Boys  are all laughing at.
They laugh and "high five" one another when they see how easily duped their followers are.
Biden is delivering on his campaign promises to destroy our gasoline based economy and now we have morons like Ike eager to pass the blame onto the people on the next ladder rung down.....
People like Ike are now  eager to believe any Fake News that will  wash  the blame for electing this mess away. 

****** just assured me that the pig farma oligarchs GAVE America the "vaccines" - FUH FREE.

Yes, the retard is that stupid. And now, we know he's black. Only your negroid falls for the free lunch myth. It's a holdover from evolving in the tropics, where lunch literally grows on trees.
 
 

Ike » wrote:

24 Jan 1970, 2:08 pm

Huey » 15 Jun 2022, 11:27 am » wrote: ↑

15 Jun 2022, 11:27 am

Someone is drinking the Kool-Aid

Not an argument you flaccid, limp, impotent, rape fantasizing, incel misfit.

 

Ike » wrote:

24 Jan 1970, 2:07 pm

Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’

Here is a link that works:

https://www.cnbc.com/2022/06/15/biden-t ... table.html

Some issues from your article:Refiners can’t just ramp up output, with utilization rates already above 90%. Additionally, some refiners are now being reconfigured to make alternate products like biofuel.
 Refining capacity has dropped since the pandemic took hold, which is a factor in the rapid advance of fuel prices. Demand has returned as economies restart and people travel once again, but supply remains tight.

And:

 ‘Nothing left to ramp up’Still, there is no easy solution.

John Kilduff, partner at Again Capital, said refiners are working at historically high level.

“There is nothing left to ramp up,” he said.

Kilduff noted that no new refineries have been built in decades, but existing units have been expanded. Prior to the pandemic, there had been excess refining capacity, which pressured profits.

“Years of sanctions on Venezuela and Iran, and now Russia, has more than contributed to the current situation,” he said.

The industry says the administration’s policies are to blame for the surge in prices.“

While we appreciate the opportunity to open increased dialogue with the White House, the administration’s misguided policy agenda shifting away from domestic oil and natural gas have compounded inflationary pressures and added headwinds to companies’ daily efforts to meet growing energy needs while reducing emissions,” Mike Sommers, president and CEO of the American Petroleum Institute, said Wednesday.

The industry group sent a letter to Biden on Tuesday outlining 10 steps the administration and Congress should take to tackle the energy crisis, including lifting development restrictions on federal lands and waters and accelerating LNG exports.

 
 

IkeBana » 15 Jun 2022, 12:28 pm » wrote: ↑

15 Jun 2022, 12:28 pm

Big pharma saved our lives and we got it for free, you incel ****.
 

There is no such thing as free, *******.
 

ConsRule » 15 Jun 2022, 1:44 pm » wrote: ↑

15 Jun 2022, 1:44 pm

There is no such thing as free, *******.

AIR IS FREE, BUT U RNC PISS ANTS FOR THE OIL INDUSTRY **** THAT UP
https://news.sky.com/story/human-penise ... t-12255106

FYI...Since 1998 (according to the U.S. Energy Information Administration) only 5 refineries have been built. All of them were built in Texas (still want us to secede) with a COMBINED refining capacity of 190.75 barrels of crude per day. Keep in mind, according to the Office of Energy Efficiency & Renewable Energy, a barrel of oil only produces 19.36 gallons of gasoline...that means, in the last 23+ years our production capacity for gasoline (all grades) has only increased by (at a MAXIMUM) just under 3,700 gallons a day or 1.3 million gallons a year (assuming none of the plants need to a "shut down" for routine maintenance.

Wonder how much DEMAND has increased in the last two decades?