Higher Gas Prices. Trump's Payoff To Putin?

[Crepitus]

So much so that some of the oil.producing nations are cooperating to reduce supplies.

Since we export more than we import that will make our glut larger.

Not true. How much petroleum does the United States import and export? - FAQ - U.S. Energy Information Administration (EIA)

From your post

Export 6.34 million barrels per day

Import 3.73 million barrels per day

Dude, are you lying or are you really that stupid?

Just in case you aren't lying I will.explain it to you:

That 3.78 million barrels a day is the net import, in other words what we import over and above what we export.

I don't lie, and I'm definitely not stupid.

Both of the numbers are net. Canada is our largest import but most of that oil is exported to other nations.

Ok, you don't understand what you are talking about but I'm tired of arguing with people for the day. You may either enjoy your ignorance or educate yourself. It's up to you.

 

[Oldstyle]

The Clinton's got fabulously wealthy off lemmings like you. They turned "public service" into multi million dollar franchise!

Just more lies, they took no salary from the foundation. All their money came from book sales and speaking fees.

They did pay part of the salaries of Hillary's election campaign staff through the Foundation however...a rather cute way to get around the regulations on campaign finance. You do pay for play at the State Department...have the entities trying to curry favor make huge donations to the Clinton Foundation...then turn around and keep a huge political machine humming along with money FROM the non profit!

 

[Oldstyle]

So much so that some of the oil.producing nations are cooperating to reduce supplies.

Since we export more than we import that will make our glut larger.

Not true. How much petroleum does the United States import and export? - FAQ - U.S. Energy Information Administration (EIA)

From your post

Export 6.34 million barrels per day

Import 3.73 million barrels per day

Dude, are you lying or are you really that stupid?

Just in case you aren't lying I will.explain it to you:

That 3.78 million barrels a day is the net import, in other words what we import over and above what we export.

I don't lie, and I'm definitely not stupid.

Both of the numbers are net. Canada is our largest import but most of that oil is exported to other nations.

Some of what's exported is "dirty" crude that has to be exported because our refineries aren't set up to handle that type of oil and others overseas are. If you can't refine it...you can't use it. By selling it overseas however you are lowering the overall cost of oil worldwide.

 

[Oldstyle]

Our refineries are being expanded to handle the shale oil which will then make that no longer an issue. What will always be an issue however is California's higher standards for gasoline which makes it illegal to use gasoline that would be acceptable in other parts of the country. If one of the California refineries has an issue and loses productivity the only recourse they have is to import gas from outside the country...something that is wildly expensive.

 

[edthecynic]

The Clinton's got fabulously wealthy off lemmings like you. They turned "public service" into multi million dollar franchise!

Just more lies, they took no salary from the foundation. All their money came from book sales and speaking fees.

They did pay part of the salaries of Hillary's election campaign staff through the Foundation however...a rather cute way to get around the regulations on campaign finance. You do pay for play at the State Department...have the entities trying to curry favor make huge donations to the Clinton Foundation...then turn around and keep a huge political machine humming along with money FROM the non profit!

Just more lies.

 

[edthecynic]

Some of what's exported is "dirty" crude that has to be exported because our refineries aren't set up to handle that type of oil and others overseas are. If you can't refine it...you can't use it. By selling it overseas however you are lowering the overall cost of oil worldwide.

Just more lies!
US shale oil is light and sweet it is the imported oil from the Saudis and Venezuela and Mexico that is heavy ans sour.

 

[Oldstyle]

Some of what's exported is "dirty" crude that has to be exported because our refineries aren't set up to handle that type of oil and others overseas are. If you can't refine it...you can't use it. By selling it overseas however you are lowering the overall cost of oil worldwide.

Just more lies!
US shale oil is light and sweet it is the imported oil from the Saudis and Venezuela and Mexico that is heavy ans sour.

Are you trying to prove just how ignorant you are on this subject?

 

[Oldstyle]

Some of what's exported is "dirty" crude that has to be exported because our refineries aren't set up to handle that type of oil and others overseas are. If you can't refine it...you can't use it. By selling it overseas however you are lowering the overall cost of oil worldwide.

Just more lies!
US shale oil is light and sweet it is the imported oil from the Saudis and Venezuela and Mexico that is heavy ans sour.

The term sour crude refers primarily to sulfur content...with shale oil that content can run as high as 10%. Shale oil typically doesn't refine well into gasoline. Light crude is the easiest to refine for gasoline and that is what is extracted from most Middle Eastern oil fields and our own Texas oil fields. Heavy Crude is higher in sulfur content and not as easy to refine...than is oil that is typically found in Canada and Venezuela.

Anything else you'd like to show us you're clueless about?

 

[edthecynic]

Some of what's exported is "dirty" crude that has to be exported because our refineries aren't set up to handle that type of oil and others overseas are. If you can't refine it...you can't use it. By selling it overseas however you are lowering the overall cost of oil worldwide.

Just more lies!
US shale oil is light and sweet it is the imported oil from the Saudis and Venezuela and Mexico that is heavy ans sour.

The term sour crude refers primarily to sulfur content...with shale oil that content can run as high as 10%. Shale oil typically doesn't refine well into gasoline. Light crude is the easiest to refine for gasoline and that is what is extracted from most Middle Eastern oil fields and our own Texas oil fields. Heavy Crude is higher in sulfur content and not as easy to refine...than is oil that is typically found in Canada and Venezuela.

Anything else you'd like to show us you're clueless about?

Don't you ever get tired of lying????

U.S. Shale’s Dirty Secret | OilPrice.com

Oil coming from the major shale plays in the U.S. is light and sweet, while a lot of oil coming from OPEC is medium or heavy, and often sour.

 

[The Sage of Main Street]

And the market reacted. The fact remains we have more then enough oil and gasoline without having to use imports.

Got nothing to do with this discussion.

Sure it does. Gasoline prices are set by the commodities market.

It's All One Class, and It Must Be Smashed

They're set by those who limit supply, whether they are looting petrocrats or their sons, the Environmentalists.

We don't have a limited supply of oil and gasoline, we have a glut.

So much so that some of the oil.producing nations are cooperating to reduce supplies.

An Embargo Is an Act of War

Collusion in restraint of trade is a crime, whether by us or by those we trade with. This is especially hostile considering that the American oil companies are directing OPEC and piggybacking off its price-gouging.

In 1973, President Nixon backed down from his healthy instinct to occupy the Arab oilfields. The economic disaster that bribed cowardice caused was the real reason he could so easily be hounded out of office.

 

[The Sage of Main Street]

Some of what's exported is "dirty" crude that has to be exported because our refineries aren't set up to handle that type of oil and others overseas are. If you can't refine it...you can't use it. By selling it overseas however you are lowering the overall cost of oil worldwide.

Just more lies!
US shale oil is light and sweet it is the imported oil from the Saudis and Venezuela and Mexico that is heavy ans sour.

The term sour crude refers primarily to sulfur content...with shale oil that content can run as high as 10%. Shale oil typically doesn't refine well into gasoline. Light crude is the easiest to refine for gasoline and that is what is extracted from most Middle Eastern oil fields and our own Texas oil fields. Heavy Crude is higher in sulfur content and not as easy to refine...than is oil that is typically found in Canada and Venezuela.

Anything else you'd like to show us you're clueless about?

Don't you ever get tired of lying????

U.S. Shale’s Dirty Secret | OilPrice.com

Oil coming from the major shale plays in the U.S. is light and sweet, while a lot of oil coming from OPEC is medium or heavy, and often sour.

Inferior People in Superior Positions

Yeah, but shale sounds like it is dirty, which is why hired liars get away with telling us it is.

 

[The Sage of Main Street]

The pulling out of the Iranian nuclear deal did nothing for the US but it sure helped petro-criminals like Putin and the Saudis. With Iranian oil off the market the Russians, Saudis and big oil are all able to make huge profits.

The American consumer is now stuck with the bill. That scam wasn't much different from Trump University scams.

Now the US can take advantage of the world's largest oil reserves. The ones right here in America. When this happens I bet you won't be thanking Trump.

You want me to thank Trump for paying more for gas??? My God you Trumptards are seriously sheep. No wonder he ran a Trump University scam, it worked!

No jackass you seem to have a reading comprehension problem. When the US starts to take advantage of its own reserves gas prices will fall and our economy will boom.

Conservatives Have Self-Serving Fake Logic,Too

The petrocrats, as if they aren't drilling on our American property, believe they should be allowed to charge us the same prices they are charging for the oil they export.

 

[abrere]

wtf makes you 'think' trump has any control over the price of oil or gas?

 

[dszb]

Perhaps Mr Trump has longer-term plans。