Again you just keep making things up. Does not bode well for your creditability.The issue is about using goalposts. You need them otherwise you have idiots claiming Keystone XL was one of the reasons gas prices went up when it had nothing to do with it.Let me explain it so a first grader can understand. We will you use the goalpost that you call the simplest one and I agree, the price of gas. Using this goalpost Biden gets the blame for gas prices going to $5 but he then gets credit for prices coming down to $3. He does not get credit for low gas prices because they are not low relative to when he took office.
Biden ain't getting any credit until he gets back to where the goalposts are. I'm just imagining Biden as a school principal. Grades plummet from A to F, and after years comes back to C. CV is running to give credit to Principal Biden for the amazing improvement in test scores. The rest of us aren't so naive.
You sure about that? It is refined to the same specs?
It can be. It can even be converted to sweet synthetic crude which is chemically identical to sweet crude. https://www.oilsandsmagazine.com/technical/product-streams
“This summer, families across PA paid $5 a gallon for gas while Exxon made profits that ‘smashed earnings records’ and Chevron posted ‘record earnings,’” said a statement on Tuesday from Sen. John Fetterman (D-Pa.). “This price gouging is simply disgusting, and I’m going to get to the bottom of it,” he added. https://www.msn.com/en-us/news/politics/exxon-announces-record-profits-for-2022/ar-AA16WTm8
Someone doesn't understand traded commodities. Is he going to get to the bottom of the government selling at the exact same prices?
Well, so much for refilling....https://www.yahoo.com/now/us-sell-26-million-more-200426064.html
Once again paying >$4/Gallon #Bidenomics.
Once again making massive profits. Best year ever.
Can't believe the oil companies didn't think of this sooner. Why not charge $40/gallon, are they stupid?
They can do whatever they want. Financially these have been the two best years I have ever seen.
Global instability = pricing volatility. Volatility = risk of losing their pants quickly. Like any business they need to charge a premium to ensure they don't lose their pants. It's worked out well for them.
It is a traded commodity.
