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Valero Shuts Down Democrats Complaining about High Gas Prices: Policymakers Are ‘Eliminating Refinery Sector’
American energy giant Valero has responded to Democrat politicians who demanded information about high gas prices in California.
The company issued a blistering rebuke of all the Democrat policies that caused oil prices to soar.
A new study indicates that President Joe Biden's energy policies have cost the U.S. nearly $100 billion in annual output, leaving millions more barrels that could have been produced.
The Committee to Unleash Prosperity — a group founded by economists Steve Forbes, Art Laffer, and Stephen Moore — discovered a trend while reviewing oil and gas production under the previous two administrations.
Between 2 and 3 million more barrels of oil would be produced each day if former President Donald Trump had a second term, with another 20 to 25 billion cubic feet of natural gas produced as well, according to the report.
In addition, continuing Trump's policies would make domestic oil production far outpace the current OPEC cut, with researchers claiming that not a single barrel of oil would need to be sold from the U.S. strategic reserves.
"After many humiliating months of President Biden begging Saudi Arabia and other OPEC countries to please increase their oil production, OPEC countries have decided to do just the opposite: they are cutting back on supply by two million barrels a day to drive UP the price of oil," Moore stated.
"These high prices at the pump are in no small part attributable to Biden's hostility to American oil and gas production," he concluded, adding that the radical environmentalist movement has led to substantial divestment in oil and gas development.
Got that fucker beat.
Fremont, about 45min ago:
cisTits says
Got that fucker beat.
Fremont, about 45min ago:
What the fuck ? I'm paying $2.90 a gallon in the Florida panhandle now.
.
cisTits says
Got that fucker beat.
Fremont, about 45min ago:
What the fuck ? I'm paying $2.90 a gallon in the Florida panhandle now.
.
Shitcago
That sounds bad until you learn that diesel is $6.65! Wow!
The line of cars and trucklets often goes through the parking lot and out onto the side road waiting! It seems that saving 30¢/gallon when gas is expensive is more fun than saving 30¢/gallon when gas is cheap?
SunnyvaleCA says
The line of cars and trucklets often goes through the parking lot and out onto the side road waiting! It seems that saving 30¢/gallon when gas is expensive is more fun than saving 30¢/gallon when gas is cheap?
I'm at a different station in life I guess. 30¢/gal difference is so trivial and I drive a V8 that is 24 gallons I believe. You're talking a $7 savings per fill up. I can make that in the time I'm waiting.
People don't value time like they should. Get the gas and go out and hustle even if you pay more. Or relax and enjoy life. It's no different than coupon clipping. You're wasting time when you can be more productive and earn more.
Even at $20.00 per gallon,
Even at $20.00 per gallon, which would come out to one dollar per mile in a modest 20 mpg vehicle, gasoline is Super-Cheap for transportation. A bargain of the millenia.
People are so clueless.
that's $60 just to get to and from work, in some used junker car that is 20 years old,
If a carrot cost an extra $0.10 to farm, carrots don't go up by $0.10, they go up by a $1.00 - ten times.
richwicks says
If a carrot cost an extra $0.10 to farm, carrots don't go up by $0.10, they go up by a $1.00 - ten times.
That depends where the cost is along the supply chain.
.
So if there are 4 steps of the process and the first step represents $0.50 then each step after charges 20% of the origination cost ($0.50), then the total cost is $0.5 x (1.2)(1.2)(1.2) or $0.86.
ride sharing generally doesn't work long term. Could for a couple months maybe a couple years. Everyone's life and job changes. Literally sharing a ride could end over night and you're scrambling to get to work
There's jeepneys all over the place for rides.
OK, let's say a cashier works at your local supermarket, and they are making $20/hr and can't afford to live in your posh, expensive neighborhood, so they live 30 miles away in a less expensive part of town.
richwicks says
that's $60 just to get to and from work, in some used junker car that is 20 years old,
Unless you rideshare.
I did ridesharing when I was one of those in the 1980's. Compared to walking, or bicycling, or very long rides on public tranit with three transfers, it wasn't so bad. (The public transit commute took about two hours partly because of long walks to bus stops on each end). I made minimum wage as a parts cleaner in a lab about 25 miles from home, commuting in my old beater 1973 AMC Gremlin. My rideshare partner had a similar kind of Old Beater.
Oh I know it's gonna hurt like hell. Fertilizer, diesel, trucks, commuters, value chain, all of it.
We've built our lives around Cheap Energy. Expressing hostility and anger at the messenger for saying so isn't going to change things, except that your anger may hurt you.
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