Bidens War On OIL- Refineries Running Out of Crude to Process...

[Flash]

A refinery official in Wyoming, speaking on the condition of anonymity, has told us that they have been without sufficient crude oil to process for over a week. Many Gas stations have been without deliveries of fuel for over a week and are empty or have almost exhausted their fuel supplies.

Biden's INTENTIONAL diminishment of crude oil supplies has now reached a breaking point.

Many shop managers of local gas stations, in Wyoming, have told us they are almost totally out of diesel fuel for semi's and if you're looking for other fuels, premium and mid grades are gone at most locations. A pilot store has indicated they are dry.. Tanks are in the range where you get impurities that deystroy engines and they are unwilling to sell that contaminated fuel.

The Jimmy Carter days of long gas lines are now here... Food spoiling in trucks is now a very real threat. Thanks JOE!

This story is pending publising..

But the Environmental Wackos are happy.

Joe Potatohead is doing exactly what they want him to do. Fuck the American people.

 

[surada]

But the Environmental Wackos are happy.

Joe Potatohead is doing exactly what they want him to do. Fuck the American people.

Lol you don't know the name of the refinery or their crude oil source.

 

[DigitalDrifter]

The first and foremost thing we need to do, is get people out of office who are drooling with anti-fossil fuel hysteria. This of course is the entire Dimocrat party of today. These people will continue to hinder the use of fossil fuels, which of course will do nothing but drive prices up further as the product becomes more expensive to get to market.

 

[surada]

The first and foremost thing we need to do, is get people out of office who are drooling with anti-fossil fuel hysteria. This of course is the entire Dimocrat party of today. These people will continue to hinder the use of fossil fuels, which of course will do nothing but drive prices up further as the product becomes more expensive to get to market.

They are fairly small refineries.

Refineries | Sinclair Oil

While Sinclair’s executive offices are in Utah, the heart of our operation lies in Wyoming, with our two refineries. If there’s one word that describes those refineries, it’s safety. We’re constantly investing to improve process safety and equipment safety. On June 25, 2015, we earned a...

www.sinclairoil.com

 

[Billy_Bob]

Lol you don't know the name of the refinery or their crude oil source.

Whom to believe. An internet troll or the people who work at the refineries. You are a moron. I will take facts on the ground from anything you want to spout because its uninformed bull shit.

 

[Billy_Bob]

Currently rig count is soaring.

The exploratory rig count.. not the production count.. What a liar.. You don't even know what your talking about..

 

[KissMy]

Where are you seeing that?

Sorry your entertainment news & preachers are not giving you the facts. I'm not going to keep reposting the facts for you lazy emotional reactionary losers.

 

[surada]

The exploratory rig count.. not the production count.. What a liar.. You don't even know what your talking about..

Rig counts see biggest jump in four years

The U.S. rig count is climbing with crude prices as tensions between the U.S. and Russia...

www.houstonchronicle.com

 

[surada]

Whom to believe. An internet troll or the people who work at the refineries. You are a moron. I will take facts on the ground from anything you want to spout because its uninformed bull shit.

I just posted an article from Sinclair. See post #48.

 

[KissMy]

I think people misunderstand what's going on in the oil markets.

There is no question that the Democrats are on the wrong side of this IMHO. They should open up federal lands for drilling. But even if they permitted drilling on the White House lawn, we'd still have the same problem.

The fundamental problem is the same problem that all commodity markets have at one time or another. Investors poured hundreds of billions of dollars into shale production. But none of the companies ever produced free cash flow. They relied on capital markets to fund their expansion. Oil prices were high because people believed in Peak Oil. So an ocean of capital came in. That increased supply dramatically. But most of the capital didn't earn a proper return. And as often happens in commodity markets, a flood of product caused prices to fall. This was triggered by the Saudis but would have happened anyways. Then the pandemic hit and the energy market collapsed. Investors got burned. Companies went bankrupt. Capital was destroyed. So owners told their managements to focus on paying debt and returning capital to shareholders. Free cash flow was positive for the first time in 2020 and soared in 2021. Yet there is little drilling going on. The rig count is still roughly two-thirds below where it was in 2013.

This is certainly exacerbated by the move to renewables and the ESG movement. But this was caused by and large by the cyclicality of the energy markets. Very little money is going into the energy markets because investors were so badly burned by the last downturn.

The margin between supply and demand is as thin as it has ever been. At some point this decade, I think we are going to see $200, $300, even $500 oil.

I own energy stocks. It's the only thing I own at the moment. I'm otherwise sitting on a ton of cash. I know energy stocks are going to get hammered as the recession hits, but they're going to make a lot of money when we come out of this.

Drilling Rig activity shot up at the end of 2020 once pandemic oil glut was depleted and oil price shot past $40. It seams US oil drillers are willing to increase drilling operations at $50 oil.

I don't see $200 oil unless the world hits peak oil as some speculate occurred in 2019. Peak oil belief in 2007 only got it to $147 before crash.

 

[surada]

Drilling Rig activity shot up at the end of 2020 once pandemic oil glut was depleted and oil price shot past $40. It seams US oil drillers are willing to increase drilling operations at $50 oil.

I don't see $200 oil unless the world hits peak oil as some speculate occurred in 2019. Peak oil belief in 2007 only got it to $147 before crash.

Matthew Simmons worked the old Peak Oil propaganda piece to make money. He's an energy broker.

 

[KissMy]

Matthew Simmons worked the old Peak Oil propaganda piece to make money. He's an energy broker.

Yup, & Matthew Simmons died 12 years ago, but the have started re-editing his old footage to push his theory again. But in reality supply dropped, because over 260 US oil companies filed for bankruptcy by 2021, because they have been losing money since 2014. $50+ Oil should keep companies in business, drilling & increasing supply.

 

[surada]

Yup, & Matthew Simmons died 12 years ago, but the have started re-editing his old footage to push his theory again. But in reality supply dropped, because over 260 US oil companies filed for bankruptcy by 2021, because they have been losing money since 2014. $50+ Oil should keep companies in business, drilling & increasing supply.

Over 100 US oil companies filed for bankruptcy in 2020. US domestic oil producers doubled production during the Obama years.

 

[bigrebnc1775]

Supply is up & prices are falling.

The ship USS America is sinking dumbass time to throw the captain overboard.

 

[DigitalDrifter]

Sorry your entertainment news & preachers are not giving you the facts. I'm not going to keep reposting the facts for you lazy emotional reactionary losers.

"Emotional reactionary losers".

So is this anyone who is having a hard time paying $120.00 for a tank of gas, or is it you simply don't give a fuck?

 

[surada]

The ship USS America is sinking dumbass time to throw the captain overboard.

Refineries | Sinclair Oil

While Sinclair’s executive offices are in Utah, the heart of our operation lies in Wyoming, with our two refineries. If there’s one word that describes those refineries, it’s safety. We’re constantly investing to improve process safety and equipment safety. On June 25, 2015, we earned a...

www.sinclairoil.com

 

[bigrebnc1775]

Refineries | Sinclair Oil

While Sinclair’s executive offices are in Utah, the heart of our operation lies in Wyoming, with our two refineries. If there’s one word that describes those refineries, it’s safety. We’re constantly investing to improve process safety and equipment safety. On June 25, 2015, we earned a...

www.sinclairoil.com

Jo's regulatory measures have stopped drilling.

 

[Toro]

Currently rig count is soaring.

Baker Hughes rig count is 740. That's where it was in 2019. It peaked at 1600 in 2014.

 

[surada]

Baker Hughes rig count is 740. That's where it was in 2019. It peaked at 1600 in 2014.

Rig counts see biggest jump in four years

The U.S. rig count is climbing with crude prices as tensions between the U.S. and Russia...

www.houstonchronicle.com

 

[Toro]

Drilling Rig activity shot up at the end of 2020 once pandemic oil glut was depleted and oil price shot past $40. It seams US oil drillers are willing to increase drilling operations at $50 oil.

I don't see $200 oil unless the world hits peak oil as some speculate occurred in 2019. Peak oil belief in 2007 only got it to $147 before crash.

Oil will go down if we go into a recession. That's what WTI told us this week.

However, we just don't have the supply. OPEC is underproducing their quotas because they don't have the capacity.

Demand will fall with a recession, and the price will fall with it. But that will recover, and we have a serious problem with supply over the coming years.