Thursday, October 27, 2022

No Oil For You And Me ???

Here is a current assessment of the status of US petroleum refineries:

https://oilprice.com/Latest-Energy-News/World-News/Energy-Execs-Tell-Granholm-Shuttered-US-Oil-Refineries-Wont-Restart.html

It's harder than you think to keep a refinery running in the US. I know, as I have attended numerous regulatory meetings with oil execs during which they laid out their woes. And they weren't lying, either.

So, shuttered US refineries won't restart, and no new ones will be built. If that doesn't sabotage our oil-based economy, I don't know what will. Brandon was elected to destroy it, and that's one campaign promise he appears to be living up to.

By the way, I have a feeling that Venezuela is about to become our new "strategic petroleum reserve", and that's why Brandon and Co. aren't worried about depleting the other one. All Brandon has to do is partially lift the sanctions on Venezuela, buy some oil at a reduced price (or outright steal it like we're doing in Syria), and presto! we'd be right back in business.

Of course, only a limited amount would be refined for the US, and it would only go to those who behave (i.e., get their clot shots, take the mark, and do everything they're told).

Free trade, my ass. We don't need no stinking free trade !!!

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