So much for inflation being "transitory"

[Hards Alumni]

the bigger question remains, why do we put ourselves in position to beg for foreign oil from our enemies as opposed to drilling from our own vast supplies for ourselves and our allies.

Please read what we were talking about earlier.  There isn't refinery capacity and short of total government subsidizing no one in the private sector is looking to add more refinery capacity. 

We're not short on crude, we're short on refineries.

Also, eff the KSA, terrible country run by even worse people.

[noblewarrior]

Refining Capacity 101...

https://www.afpm.org/newsroom/blog/refining-capacity-101-what-understand-demanding-restarts

Is COVID the only reason why the U.S. is losing refining capacity?

No. A combination of factors is responsible for the United States’ loss of refining capacity. Choices to convert or shutter refineries are made very carefully—factoring in present and projected future fuel demand, the political environment as well as facility locations and their individual market access. Political and financial pressure to move away from petroleum derived fuels, costs associated with federal and state regulatory compliance and facilities’ singular economic performance all inform these decisions. The sharp drop in fuel demand over the course of the pandemic certainly sped up the timeframe for refining contractions, closures and transitions, but many of these moves were already planned or underway, something Chevron CEO Mike Wirth acknowledged in a recent interview.
Refining is a long-view industry. Facility closures and transitions are not knee-jerk decisions, and they were never intended to be undone. They are meticulously reasoned and based on far more than short-term, transitory data.

[rocket surgeon]

Please read what we were talking about earlier.  There isn't refinery capacity and short of total government subsidizing no one in the private sector is looking to add more refinery capacity

We're not short on crude, we're short on refineries.

Also, eff the KSA, terrible country run by even worse people.

  no one in the private sector is...horse hockey

https://www.nytimes.com/2005/05/09/business/no-new-refineries-in-29-years-there-might-well-be-a-reason.html

  as much as you'd like to believe that, the dirty little secrets are-money, permits, permits, permits and gubmint issued knee pads

[Uncle Rico]

  no one in the private sector is...horse hockey

https://www.nytimes.com/2005/05/09/business/no-new-refineries-in-29-years-there-might-well-be-a-reason.html

  as much as you'd like to believe that, the dirty little secrets are-money, permits, permits, permits and gubmint issued knee pads

7 out of 10

[rocket surgeon]

7 out of 10

  there he is!  auntie geeko, like pavlov's dogs.  you musta been going thru withdrawals.  your peeps are just rolling on the floor with your schtick

[Uncle Rico]

  there he is!  auntie geeko, like pavlov's dogs.  you musta been going thru withdrawals.  your peeps are just rolling on the floor with your schtick

6 out of 10

Look at all that correct spelling!  Disappointing effort. 

[rocket surgeon]

6 out of 10

Look at all that correct spelling!  Disappointing effort.

  his rocket scoop beeper is on high alert tonight

[The Hippie Satan of Hyperbole]

  no one in the private sector is...horse hockey

https://www.nytimes.com/2005/05/09/business/no-new-refineries-in-29-years-there-might-well-be-a-reason.html

  as much as you'd like to believe that, the dirty little secrets are-money, permits, permits, permits and gubmint issued knee pads

Sorry, but this is an article from 17 years ago and doesn't reflect the major current problem - refineries went offline during the early stage of the pandemic and haven't come back online.  We have five less refineries operating now than we did at the beginning of 2020.

https://www.npr.org/2022/06/26/1107265390/refinery-shortage-high-gas-prices-russia

Also remember that oil companies are sitting on leases on federal land.

https://storymaps.arcgis.com/stories/63745d4475104a33968081ff008e36b9

So yeah, Biden paused issuing more leases.  Why should they issue more if the oil companies aren't going to use the ones they have?

Blaming the current administration for high fuel prices is nonsense.

[rocky_warrior]

Stepped awa for a few days, I think this has run it's course...