Obama Strikes again

[777 fixer]

Ever hear of "Put your Money where your mouth is" Well the amount of money donated at minimum is a measure of support for a candidate. I still maintain it all depends how you define Victory.

Does this prove that Ron Paul has the overwhelming support of active duty military, I don't think so. Just another case of a Ron Paul fan twisting facts.

 

[SparrowHawk]

Does this prove that Ron Paul has the overwhelming support of active duty military, I don't think so. Just another case of a Ron Paul fan twisting facts.

When you present a valid fact let me know. More is MORE! Would it make you feel better if I said the most support financially than all others combined? We can leave "Overwhelming" out if you're uncomfortable with the fact that Ron Paul supporters out contribute the Wall Street Butt Boys.

Ron Paul finishes #1!! Which makes #2 first LOSER. Face it Freedom and Liberty is popular among those who defend it at the pointy end of the spear, unlike the chicken hawks Ron Paul is challenging.

 

[tech2101]

What does the Keystone Pipeline have to do with Ron Paul. What is his stance on it?

And who cares?

 

[777 fixer]

When you present a valid fact let me know. More is MORE! Would it make you feel better if I said the most support financially than all others combined? We can leave "Overwhelming" out if you're uncomfortable with the fact that Ron Paul supporters out contribute the Wall Street Butt

Just because he gets $201,000 from servicemen does not mean the majority support him. That's a fact. Yet you kept insisting that it was. Which is a lie.

 

[SparrowHawk]

Just because he gets $201,000 from servicemen does not mean the majority support him. That's a fact. Yet you kept insisting that it was. Which is a lie.

What I said is that he receives overwhelming support when compared to others oh semantic one.

 

[SparrowHawk]

From Reuters

US lawmakers worry about E Coast refining capacity
Mon Mar 19, 2012 10:40pm GMT

By Janet McGurty

NEW YORK, March 19 (Reuters) - With the U.S. East Coast poised to lose 50 percent of its oil refining capacity, three members of Congress on Mo nday worried that while the country is producing more of its own crude oil, it might grow more dependent on other countries for gasoline and diesel fuel.

Pennsylvania Congressman Pat Meehan hosted a panel of energy experts for a field meeting in Aston, Pennsylvania, of the Committee on Homeland Security.

Meehan and two other legislators, Congressmen John Carney from neighboring Delaware and Mike Fitzpatrick from Bucks County, Pennsylvania, peppered the experts with questions about fuel prices and logistics as well as national security.

The closures, given the age of the refineries are likely related to the oppressive environmental regulations being enacted by the Empty Suit. Got to love that Hope and change. Thousands of jobs UNCREATED and good paying union Jobs at that. Geez all that money Big Labor contributes sure yields results. You Giveth the Dough then watch your jobs go! So how much Hope & Change can you afford?

 

[tech2101]

"Because the global market is much more lucrative than the domestic market, for the first time in our history we are not importing gasoline," Gheit says. "Not only are we not importing gasoline, we're actually a net exporter of gasoline."

So while gasoline supplies are short and prices are rising, big U.S. oil companies are exporting gasoline. Ironically, that's because natural gas prices in the U.S. are so low. American refiners are using this cheap, domestic natural gas to produce the heat needed to crack crude oil into products like gasoline.

"That enables us to land gasoline in Mexico, for example, cheaper than Mexican refiners can produce it for," Gheit says.

My link

 

[delldude]

My link

I posted that info a few ago when you were chirping about oil production the highest under Obama.

 

[tech2101]

I posted that info a few ago when you were chirping about oil production the highest under Obama.

Oil production and gasoline refining and exporting are different subjects. Focus.

 

[SparrowHawk]

My link

Guess you forgot this part.

Sunoco, Conoco and Hess have all retired outmoded, unprofitable refineries in the eastern U.S. and Caribbean. The shuttered refineries were not retrofitted to meet the requirements for removing sulfur from high-sulfur crude. As the supplies of "sweet" low-sulfur crude that they could refine have contracted and become more expensive, they became money losers.

Once again the Minister of Hope & Change screws his Parishioners.

Still ignoring the effect of fiat currency and commodity inflation as Bernanke turns the Printing Presses up to 11.


Take the 15% of the cost that is speculation that is brought on by the War Mongering POTUS.
Add back into the market the 5 to 10 percent refining capacity shuttered due to the EPA asinine regs
Fast track instead of slow walk drilling permits.
Balance the budget and stop devaluing the currency
Announce a ten year plan to energy independence

Do this and pretty soon you have gas selling well below $3.00/gallon.
Gas drops below $3/gal and you've got economic stimulus up the assets as a by product it breaks the link to Commodity Inflation (At least partially)
Magically unemployment will decline. Throw in some tax relief for corporations and BAM we're growing GDP and tax revenue at a 4 percent plus annual growth rate.

Do all of the above and Obama gets reelected in an historical landslide.

 

[tech2101]

Do this and pretty soon you have gas selling well below $3.00/gallon.

You and Ron Paul joining Newt and Bachmann promising cheap gas.

Throw your name in the hat. You might actually get one of those wins that have eluded Paul.

 

[delldude]

Oil production and gasoline refining and exporting are different subjects. Focus.

You should focus, can't have one without the other.

Tech Boy ragging today?

 

[delldude]

Guess you forgot this part.



Once again the Minister of Hope & Change screws his Parishioners.

Still ignoring the effect of fiat currency and commodity inflation as Bernanke turns the Printing Presses up to 11.


Take the 15% of the cost that is speculation that is brought on by the War Mongering POTUS.
Add back into the market the 5 to 10 percent refining capacity shuttered due to the EPA asinine regs
Fast track instead of slow walk drilling permits.
Balance the budget and stop devaluing the currency
Announce a ten year plan to energy independence

Do this and pretty soon you have gas selling well below $3.00/gallon.
Gas drops below $3/gal and you've got economic stimulus up the assets as a by product it breaks the link to Commodity Inflation (At least partially)
Magically unemployment will decline. Throw in some tax relief for corporations and BAM we're growing GDP and tax revenue at a 4 percent plus annual growth rate.

Do all of the above and Obama gets reelected in an historical landslide.

Gee Whizz Mr Hawk, wonder why those oil companies chose to close the refineries rather than retrofit(which is the American way).
Gee Whizz Mr Hawk, think maybe EPA reg's had something to do with it?
GEE WHIZZ, THESE REG'S ARE CRIPPLING OUR COUNTRY.

Wonder what Mr Texas Tea has to offer on this.

 

[SparrowHawk]

You and Ron Paul joining Newt and Bachmann promising cheap gas.

Throw your name in the hat. You might actually get one of those wins that have eluded Paul.

My My we're getting a bit snarky tonight. To much starch in your Fruit of the Loom's?

The snippet below is from the web site "What it Costs"

So What Is The Profit-Margin For Refining Crude Oil Into Gasoline?

As of 1999, for every gallon of gasoline refined from crude oil, U.S. oil refiners made an average profit of 22.8 cents. By 2004, the profits jumped to 40.8 cents per gallon of gasoline refined. In the specialized California market where the gasoline must conform to the requirements of the California Air Resources Board, refinery margins were even higher. In fact, this helped Exxon, the largest company, report a profit (as of February 2008) of $40.6 billion. Nevertheless, one financial tracking institution reported that the profit-margins have now dropped to about 29.6 cents a gallon or around 60 percent lower than a year ago.

Generally speaking, since there are so many variables to consider, precise cost breakdowns are difficult to ascertain. According to the Energy Information Administration (EIA), however, which issues the “Official Energy Statistics from the U.S. Government” the average cost at the pump for a gallon of gasoline is broken down as follows:

74% - Cost of the crude oil
11% - Taxes
10% - Refining costs
5% - Distribution and marketing

In a simple illustration, let’s assume an oil company is paying $100 for a barrel (42 gallons) of basic crude oil. Their cost for a gallon will be about $2.38. At a gasoline-pump price of $4.00 per gallon, 44 cents has to pay for taxes and 20 cents for distribution and marketing expenses. This leaves $3.36 for the oil companies. Out of that total they have to pay for the cost of the gallon of crude oil itself which was $2.38 and also the 40 cents to refine it into gasoline. This leaves $0.58 profit per gallon of gasoline. As noted, however, depending on which report one looks at, this profit-margin can range anywhere between an estimated 30 to 60 cents per gallon.

As we can easily see, Speculation, Commodity Inflation & Government Regulation along with good demand can easily skew the profit margin in an unfavorable direction. This is the inconvenient truth the Obama administration has created. To much regulation skews the cost of refining higher. Commodity Inflation as a by product of fiat currency and spiraling debt make the cost of crude rise, Higher fuel prices skew Distribution costs. If you're not making your refining margins why would you invest shareholders money into retrofitting a refinery to comply with staggering regulations and the time and wrangling with EPA entails? The answer is you wouldn't. You'd take you money and invest it elsewhere.

Any way you slice it the price of gasoline, closed refineries and job loss fall squarely on the shoulders of Barack Obama.

 

[delldude]

Don't beat them up or they won't come around anymore.