The Two Week Cease Fire Deal Is A Positive Development!

It's actually a ceasefailure because trump failed.

Israel is slaughtering people in Lebanon and that was always a no-no so far as Iran was concerned.

Trump can't control Netanyahu and so there will be no ceasefire, the Israelis don't want a ceasefire anyway, so what is trump smoking?
 
TRUMP: “Do everything I ask or I’ll bomb you back into the Stone Age!”

IRAN: “How about, instead, you do everything we ask and we’ll call it a day?"

TRUMP: “Deal."

USMB NUTS: “Awesome Trump is the world’s most masterful negotiator!”
 
The shale revolution shifted US production to light, sweet crude. Only about 10% of lower 48 production consists of the heaviest categories.
This means most refineries here need imported oil, the heavy sour type, just like your Texas refineries do.

lol Rubbish. They imported oil when there was a glut overseas and the price was cheap, is all.

And, see Canada and Mexico. We don't need squat from the ME. It has zero effect on supply and demand here. It's just gouging, pure and simple. In fact the ME's production is only 10% of the 'global' supply, so no reason for fuel to go up 50%, either. Fertilzer in made from natural gas. Guess who also produced that in such surplus quantities they burned off zillions of cubic feet of it because the markets were glutted? We're exporting more than we're importing. That's just stupid.

WE get all the heavy oil we want from Canada and Mexico.

And 'sour' refers to sulphur content, not whether it is 'heavy' or not. Heavy and light refer to viscosity. Heavy oil is mare valuable, and the best came from Pennsylvania and Ohio.

he sulfur content of crude oil can vary significantly, with values ranging from 0.04% to about 5% weight. In the context of Ohio and Franklin County (FRK), the sulfur content of crude oil is typically lower than this range, as indicated by data from ExxonMobil.

U.S. Energy Information Administration (EIA)


For specific data on heavy oil from Ohio and FRK, the sulfur content may vary, but it is generally lower than the average for crude oil. The exact content can depend on the specific crude oil source and its formation conditions.
For more detailed information, you may refer to the specific assays provided by ExxonMobil or other petroleum data sources.
 
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lol Rubbish. They imported oil when there was a glut overseas and the price was cheap, is all.

And, see Canada and Mexico. We don't need squat from the ME. It has zero effect on supply and demand here. It's just gouging, pure and simple. In fact the ME's production is only 10% of the 'global' supply, so no reason for fuel to go up 50%, either. Fertilzer in made from natural gas. Guess who also produced that in such surplus quantities they burned off zillions of cubic feet of it because the markets were glutted? We're exporting more than we're importing. That's just stupid.
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More avoiding supply and demand with a lot of BS.

Do you insist on paying European prices when you fill up? It's a 'global market n stuff', so why would you not? And yes, morals are to be avoided at all costs, except for the peasant employees, who aren't allowed to have the same morals as their bosses; they have to be honest and have principles.

Fact: WE produce oil, more than enough to meet our demand and them some. Zero reason to be paying 'global' prices for it. And, guess how much of it is produced on state and federal lands? And at ridiculously low royalty rates and lease charges.
/----/ "Do you insist on paying European prices when you fill up?"
Got anything other than strawman arguments? And I insist on paying the least for premium-grade gas. I fill up at Costco, which is about 30 cents cheaper than other stations on Long Island. You big dope with your inane arguments.
 
And? Why are you quoting me for this? Are you just retarded or what?
You said "gouging" but the world market price of crude has ramped as everybody knows. The US has a huge amount of oil but it isn't nationlaized so the price follows the market price, that's capitalism for ya.

Instead of "drill baby drill" the goon in the Whitehouse should be building modern refineries that can process your domestic oil rather than importing oil that is compatible with its old refineries.

 
/----/ "Do you insist on paying European prices when you fill up?"
Got anything other than strawman arguments? And I insist on paying the least for premium-grade gas. I fill up at Costco, which is about 30 cents cheaper than other stations on Long Island. You big dope with your inane arguments.

You're the guy claiming it's all 'global n stuff'; that's your strawman, not mine. Please keep trying to lie about how supply and demand works. IDeologues all depend on lies.
 

Global Reserves of Heavy Oil


Heavy oil is found in various regions across the globe. Two of the largest accumulations are located in the Western Hemisphere. The Orinoco Oil Belt in Venezuela holds vast deposits of extra-heavy oil, estimated to contain hundreds of billions of technically recoverable barrels. This region alone accounts for a substantial portion of the world’s extra-heavy oil reserves.

Another major resource is the Athabasca oil sands in Alberta, Canada, which contain substantial reserves of bitumen, a more viscous form of heavy oil. While these two regions are dominant, heavy oil reserves are also present in over 30 countries, including parts of the United States, Mexico, Russia, and China.


We don't need a drop of ME oil. It plays zero role in our domestic supply and demand.

Heavy oil does not always appear with lots of sulfur. While sulfur is a common component in crude oil, the presence of sulfur in heavy oil can vary significantly. Heavy oil is often found in the margins of geologic basins and is thought to be the residue of formerly light oil that has lost its light-molecular-weight components through degradation. The sulfur content in heavy oil can be influenced by various factors, including the geological environment, the formation process, and the maturation of the oil.

IF sulphur was necessary for heavy oil to be useful, they wouldn't expend so much money and effort to get rid it in refining.
 
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Global Reserves of Heavy Oil


Heavy oil is found in various regions across the globe. Two of the largest accumulations are located in the Western Hemisphere. The Orinoco Oil Belt in Venezuela holds vast deposits of extra-heavy oil, estimated to contain hundreds of billions of technically recoverable barrels. This region alone accounts for a substantial portion of the world’s extra-heavy oil reserves.

Another major resource is the Athabasca oil sands in Alberta, Canada, which contain substantial reserves of bitumen, a more viscous form of heavy oil. While these two regions are dominant, heavy oil reserves are also present in over 30 countries, including parts of the United States, Mexico, Russia, and China.


We don't need a drop of ME oil. It plays zero role in our domestic supply and demand.

8% is not 0%

 
You said "gouging" but the world market price of crude has ramped as everybody knows. The US has a huge amount of oil but it isn't nationlaized so the price follows the market price, that's capitalism for ya.

Instead of "drill baby drill" the goon in the Whitehouse should be building modern refineries that can process your domestic oil rather than importing oil that is compatible with its old refineries.


Another one who can't read either.
 
You're the guy claiming it's all 'global n stuff'; that's your strawman, not mine. Please keep trying to lie about how supply and demand works. IDeologues all depend on lies.
/----/ It's not what I'm claiming; it's what I'm repeating from experts. You have yet to refute anything I post. For you it's just strawman arguments and cheap shot insults.

NOW PROVE THIS IS WRONG.

1. The Global Price Connection​

Crude oil is traded on international exchanges, primarily using benchmarks like Brent (global) and West Texas Intermediate (WTI).

  • The Arbitrage Effect: Even if a country produces more than it consumes, domestic producers will seek the highest possible price. If the global price of oil rises due to a conflict in the Middle East, a producer in Texas or North Dakota would rather export their oil for $90 a barrel than sell it domestically for $70.
  • Price Parity: To keep that oil at home, domestic refiners must bid up their prices to match the global market, which is why your local gas prices often track with international events.

to back up the "Global Price Connection," the most authoritative source is the U.S. Energy Information Administration (EIA). They provide extensive data on how domestic prices are inextricably linked to international benchmarks.

Key Evidence for the Global Connection​

  • Benchmark Integration: The EIA notes that even as the U.S. became a top producer, the price of West Texas Intermediate (WTI) remains highly correlated with Brent, the international benchmark. This is because oil is a "fungible" commodity that can be shipped to wherever it fetches the highest price.
 
Israel always sabotages peace. This demonic regime’s days are numbered.

/-----/ YEeah, democRATS are the real Jew haters. (FROM YOUR LINK)
Eight-in-ten Democrats and Democratic-leaning independents currently have an unfavorable view of Israel, up from 69% last year and 53% in 2022. Democrats under 50 are slightly more likely than older Democrats to say they have a very unfavorable view of Israel (47% vs. 39%).
 
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  • Price Parity: To keep that oil at home, domestic refiners must bid up their prices to match the global market,
    Total bullshit. So is the rest of it, since it's all based on the same fake assertions.

So why aren't you inssiting on paying European prices for your gas here then? You're still just ignoring domestic supply and demand,]; that's because you know you're full of shit.

Don't like cheap shot insults then don't make them yourself.
 
/-----/ YEeah, democRATS are the real Jew haters. (FROM YOUR LINK)
Eight-in-ten Democrats and Democratic-leaning independents currently have an unfavorable view of Israel, up from 69% last year and 53% in 2022. Democrats under 50 are slightly more likely than older Democrats to say they have a very unfavorable view of Israel (47% vs. 39%).
Is it any wonder you’re uninformed?
 
You said "We don't need a drop of ME oil. It plays zero role in our domestic supply and demand" yet you import 8% of your oil from the ME, just sayin. 500,000 barrels a day isn't well described as "don't need a drop". You import 7% from Mexico by the way.
 
You said "We don't need a drop of ME oil. It plays zero role in our domestic supply and demand" yet you import 8% of your oil from the ME, just sayin. 500,000 barrels a day isn't well described as "don't need a drop".

And again you can't read; you're an idiot, and that is not an ad hominem attack, it's a fact. You babbling some number for a year ago, like they never change or something. Some refiner got a better deal on the spot market, most likely just futures contracts being filled. Has zero to do with the US, we have plenty here already and don't need a single drop from the ME. Now go focus on finishing second grade. Failing the 6th time will mean it's a lifelong career in lawn care for you.
 

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