Zero Hedge published a good article yesterday with some solid internal data showing a strong likelihood that national gasoline prices are likely to rise another 40% from current levels by mid-late summer. That would put the national average for a gallon of gasoline around $6.20 by August.
The data behind the prediction is solid and essentially boils down to the U.S. refineries not having the expanded capacity needed to keep up with an increased summer demand, particularly as they need to keep generating high volumes of diesel fuel due to current critical shortages.
The issues are created by the Biden administration and the regulatory stranglehold they put on the oil and gas industry last year. Obviously, all of this is a feature of the administration plan, not a flaw. The Green New Deal agenda necessarily requires that gasoline rise in price to $7/gal this year in order to force the change in profit dynamic for alternative fueled transportation.
Unfortunately, we the consumers will be the ones punished as the progressive, communist and far-left policy makers chase their climate change agenda. Cheap and cost-effective energy has to be made ‘not cheap’ and ‘not cost-effective’ in order to create the energy crisis their agenda requires.
Massive increases in gasoline prices are a feature, not a flaw.
Remember, Biden is disposable. The people behind Biden purposefully selected him in order to generate a kamikaze ‘fundamental change’ mission within a single 4-year presidential term. Getting crushed on the political outcomes is irrelevant, they just need to push the agenda fast enough, far enough, and destructive enough, so that all energy policies become irreversible.
The people behind the Biden administration energy program are trying to make the infrastructure needed to return to cheap and abundant energy independence, cost prohibitive.
(Via Zero Hedge) – […] According to JPM, a major driver in these counter-seasonal draws in gasoline is higher-than-normal exports. Preliminary EIA data suggest that gasoline exports, mostly to Mexico and the rest of Latin America, are averaging about 0.9 mbd since March, about 100 kbd above seasonal norms and nearly 300 kbd above summer rates.
The punchline: if exports persist at this elevated pace and refinery runs, already near the top of the range for reasonable utilization rates, fall within JPM’s expectations, gasoline inventories could continue to draw to levels well below 2008 lows and retail gasoline prices could climb to $6/gal or even higher, according to JPMorgan.
Some more details from the JPM forecast, starting with assumptions:
♦ The bank expects US refinery runs to peak at 16.8 mbd in August, which, with an average gasoline yield of 49%, means that US refiners will produce about 8.2 mbd of gasoline. Assuming gasoline imports of 0.7 mbd and 10% ethanol blending, the bank expects total finished motor gasoline supply to average 9.9 mbd. If exports continue just below current levels—about 0.8 mbd—that leaves the US with just 9.1 mbd of gasoline supply available for consumption at peak demand this summer.
♦ Because US gasoline demand is expected to average 9.7 mbd in August, the result is an average draw of 0.6 mbd from gasoline inventories in August, about 200 kbd tighter than normal.
♦ Holding those assumptions on refinery yields and flows for gasoline from today through August, total US gasoline inventories could fall below 160 mb by the end of August, the lowest inventory level since the 1950s.
A regression analysis on the relationship between gasoline inventory changes and NYMEX gasoline prices “suggests that a drop of about 60 mb in gasoline stocks between now and August would result in a 37% increase in prices which translates to a $6.20/gal average US retail price”, according to Kaneva. (read more)
The GOP could run an election campaign specifically to remove the Biden/Harris Regime from office and replace them…and they would likely win a veto-proof majority in both houses.
But they won’t because they share the Regime’s anti-American goals.
I’d suggest just prep for winter (the Dark one – when our Energy grids cant even afford to supply us).
there is no one saving us, and not even ourselves until the last minute.
This is why I have two fireplaces…
BBB is still in play, they are just not talking about it.
BBB requires cheap property along mass transit lines for example 1500 feet from a bus stop. You saw democrats destroy big blue cities NY, LA, SF, Seattle during the pandemic. Now that democrats are in charge of the WH the destroy campaign has gone national.
This means another pandemic is coming to finish the job. Authority has been passed to the WHO to relieve blame from the Federal government and politicians for the crippling conditions to be implemented. This will finish off commercial property along mass transit routes and make them available for BBB.
The good news is when we go back to non essential persons, fuel demand will drop precipitously, creating lower fuel prices.
Minneapolis Minnesota already did this by doing away with zoning. You will see a lot more of that. I’m glad that I am genetically programmed to be gone in 15 years.
I am in LA, I see it all over. The next pandemic wave will wipe a lot of hangers on out.
Are you leaving your younger loved ones behind to endure the hell that is planned for them on earth? I may be gone, as I’m about in your age range, but mine will be here, and I’m frightfully worried for them.
And then again, maybe by that time we will all be in a Better Place. I’m watching…
They are not in it to win it.
Already $5.60 for diesel in WA State
7.99 $ in the desert near Palm Springs, California fir diesel. Now.
Very sorry to hear that,.
2000Mules
Not sure that I’m buying that completely. At 6 miles per gallon, 186 gallons would get you over 1100 miles. That doesn’t sound to me like quitting early.
JP Morgan analysts say prices for regular gasoline will be $6.20 by mid to late summer. Washington State gas stations are programming their pumps for $10/gal and more. So, you can argue esoteric points about 6 miles per gallon, 186 gallons and 1100 miles. It won’t matter then.
When the food stops coming to the grocery stores, this will work itself out. Park the large car and ammo up.
Seems to be that all over.
$5.95 maryland
$6.79 for premium in Orange County, CA.
But we have California Gold….
Saw $6.68 on the Garden State Parkway two weeks ago while driving through.
I live in NJ and most recently paid $4.69/gal for regular. The bill to fill the tank was over $60. I usually go to Costco for gas since they tend to have the lowest price, but this fill-up was not at Costco.
Costco is not cheap. They’re only a few cents below all other gas stations. I won’t sit on line at certain Costco gas stations for up to half an hour to just get to the pump, for a few cents difference.
…cheap gas isn’t…not in the long run…
The forecast is for America, Pacific coastal states are no longer considered America.
big tsunami clean it up.
Another Mt. St. Helens to set off the entire Olympic and Cascade volcanic mountain chains, and then the 10.0 Earthquake to hit Cali, Oregon and Washington and drop it into the ocean.
Cascadia Subduction Zone…
Ouch !
RyderLee
South Western Washington State
😜
California, Oregon and Washington have always been considered “RED” states. Meaning “RED” as in COMMUNIST!!!!!! When I was going to college in the 70s, those three states were already known as “RED” states.
Newport, Oregon, also. $5.499 regular in Depoe Bay and Lincoln City. Prices went up 50 cents this week. Big jack up in price usually comes after Memorial Day. Diesel $5.649 for on road. We paid $5.13 for off road red diesel this morning. Had to drive 50 miles to pick up equipment and 50 miles back. so , if we get 20 mpg the round trip drive alone used five gallons and cost $27.50
Washington State is programming gas pumps for $10/gal. and more.
I betcha more than half of elected republicans in DC are just fine with all of this. Biden and the dems take the blame and the republicans can (and will) do nothing except watch the election bloodbath in Nov.
The GOP establishment also sees a huge upside to all of this Green stuff in terms of graft. Dems get the blame and the GOP gets to feed at the graft trough along with the rest of DC. It’s not a bad deal for the Grand Old Party, is it?
It’s an almost identical situation as we have at the border. The GOP gets to demagogue the issue for political gain while their donors get to benefit from completely open borders (which is what the GOP also wants for different reasons).
We live in a seriously screwed-up country. The next 32 months will be hell on wheels.
Yep, the UNIPARTY= the Demorats, the RINO’s; democrats infiltrates pretending to be Republicans that are always SILENT about anything against Dems destruction wishes. The wishy washy Republicans that are ” progressive minded” those that vote wherever the political wind blows at the time, are ALL COMPLICIT in destroying everything that is good about our Country !
Consider that the acronym RINO is simply a synonym for Republican.
Designed to make you believe that there is some difference when there is none.
The Republicans that ARE vocal in opposing Dems are chastised, demonized, ostracized and primaried by the GOP elite who want nothing to do with upsetting its cozy relationship with its friends across the aisle.
I’m sick and tired of picking out “honourable” Rs, only to discover they couldn’t even spell the word. This is why I don’t bet, either in casinos (which I never go to) or the stock market.
So I paint every single R and D with the same broad brush now. All of them. And the colour I use is a fetching shade of corrupt and grifting. It suits them.
Only half? Try 99%… Cruz was trading energy sanctions against Russia for nominations with Biden before Ukraine ever kicked off.
Trouble is the Right’s so called news will ONLY blame Biden vs covering the full picture.
Propaganda is propaganda.
A small price to pay for saving the planet from
Global WarmingDemocrats.How do you figure that? This is hurting the conservatives more because the bleeding heart dems already mostly take the bus or drive their electric cars… because ya know….. climate and all…..
Can anyone say “Odd, Even” ?
How many even know what your suggesting, offcoursenation?
I for one know of it, even though it was well before my time.
Mostly people who experienced the 70s first hand know.
I suppose some youngsters brush off those stories of days of yore by their elders as tall tales.
I was getting married to a man with 7 siblings that year in California, it was absolutely nuts. We drove to Yosemite with an open container of gasoline in his tiny car and it made me sick. Fond, fond memories of gas rationing. This time I fear it will be like the WWs and include sugar and already milk. YIKES!
Months or days?
I wouldn’t be surprised if FJB will put this in place, even if gas rationing isn’t necessary, simply to stop people from traveling. Who can go anywhere when you can only buy gas every other day?
EVEN AT 6 a gallon, it still remains more affordable and practical than any EV or BEV technology available today.
anyone notice the new costs of “EV FUEL”? lately?
now having said that, I did some math and engineering the other day.
If I install a EV plug and distribution panel in my home, I could actually spend less …far less, on energy for a EV vehicle, than even at 3 a gallon. (all things being equal).
but there are real world problems that are not easy to solve:
I did the math. I could not make a EV vehicle work for me, even IF the total cost of ownership was the same. I could not make it work, because there are far too many unknowns and for each unknown there is specific cost and risk that is non-trivial.
I think EV vehicles are awesome. But the people who are driving the US policy to advocate are doing a terrible job and in fact are being greedly embeciles.
EV power stations should be at least half the cost of gas stations, all things being equal.
But they are not.
This tells you everything you need to understand about “green energy”. It is neither practical, affordable, and is manifest corrupt across the board.
The laws of physics and thermodynamics are just that, laws. State run schools ensured the death of critical thinking.
All that you point out is ignored and covered up with greenery. Of course EVs are constrictive and limiting to freedom of movement and a free economy.
The 2030 goal of electric vehicles is not to get us out of gasoline cars, it is to get us out of cars and into state run transit, state-run housing, and, into state-aligned corporate jobs in easy reach of both.
The Europeans have fallen out love with EVs as well. Decidedly so.
Check out Gates of Vienna which over the past few days will give you more information on this and other things which will absolutely curl your hair. Mine is, and not in a good way.
My electric rate just increased 18% due to the cost of natural gas. So recharging just got 18% more expensive. I’m sure that will keep going up as well.
I am expecting electricity to hit $1+ per kWh in the near future with the net zero push.
That’s $100 to charge the largest Tesla.
Mine is 11 cents now, so that would be quite a jump
You realize that that EV car is actually a coal fired or natural gas fired vehicle, right? All that clean inefficient electricity is generated by coal (mostly) or natural gas power plants. Let’s not mention the environmental destruction of the battery from mining the scarce Rare Earth Minerals to disposing of the toxic spent batteries.
Now if they would just do the real math and real engineering and admit that nuclear is the only feasible alternative to to fossils and head in that direction I could get aboard. At least for 95% of my everyday driving. I still insist on having a 500 mile range on at least one vehicle with a “recharge/refresh/refuel” time of a half hour max. That ain’t an all electric. I have seen estimates that show the total energy needs of the average person over his/her lifetime could be produced by a cube of nuclear fuel 3 inches on a side.
Never mind. Just the rants of a retired Spacecraft power Engineer who designed power systems for over 30 years including NASA’s recently launched James Webb Space Telescope.
Thanks—good info! Love it when engineers rant, that’s when I learn new things.
and exactly why they push it. Restrict where people can live based on mobility. They don’t care.
In So. Calif., Edison charges $.46/kwh. So the average cost to charge your Tesla to drive 400 miles would be about $62 vs $96 for gas at $6/gallon at 25mpg.
that is contingent on whether natural gas prices stabilize or stay static. Any increases will impact kilowatt prices depending on how much drilling is curtailed.
That is temporary because .gov wants us to use electric vehicles and is subsidizing
“green”. Florida would lend me enough for my roof and solar panels at the same price roughly as my electric bill for 25 years. Tempting, but, my electrician said the solar setup regularly fails and most end up paying the monthly loan and the monthly electric bill. Then the batteries and panels only last about 10 years.
In the state of MI, the state calculates how many miles you drive (average 10-12k per year). So when you go to renew your license tab, if you have an EV, they will charge you the calculated tax they aren’t able to collect from you on the gas tax.
you get hit with a huge fee upon tab renewal.
This is all wrong.
> How far can I go before I have to park for hours in some inbetween and what will that cost me?
358 miles (~5 hours of 75mph freeway travel). Recharging at a 350kW fast charger with direct connection to the battery will take between 15 and 20 minutes. Slower chargers will take longer, obviously, but generally you’ll only need to charge for ~200 miles tops anyway. It is the equivalent of a gas stop, window wash, restroom use, soda purchase, stretch the legs stop, basically. Currently at my location, for a 350kWh charge it is $0.43/kWh.
0.43 * 82 = $35.26, max.
> EV power stations should be at least half the cost of gas stations, all things being equal.
At current fuel prices, a full charge at a charging station for 358 miles of range is roughly 1/3rd of the cost of the equivalent in gasoline.
> EV maintenance is high tech. Far too complex for the ordinary car owner. So there is money AND TIME wasted here.
No oil change, no oil filter, no fuel filter, no engine air filter, no transmission fluid, no flushes, no engine maintenance. Tires, tire rotation, cabin filters, and cabin A/C are all the same. Far cheaper, and far, far less maintenance.
> When the power goes out…and it does..hurricanes, high winds, flooding. Not only is your EV vehicle down, but there is no means to bug out when you want to.
When the power goes out, you have a portable, self-driving 82kW generator/powerwall ready to go. My average total electrical usage in a 1300 square foot townhouse with AC running constantly (working from home) powering 2 work PCs, a home PC, an ancient and very inefficient refrigerator and a freezer is ~55kWh per month, with peak demands of ~3kWhr. Obviously you need to have the electrical set up to use your Tesla as a Powerwall, but that is not terribly expensive, and it is essentially four Powerwall units for free. Coupled with minimal solar, and with judicious use, it would last me weeks. With nothing at all, no power coming in from any source, and a Tesla hooked up to my home powering EVERYTHING normally, it’d last more than a day.
> Will my energy electric company notice the additional demand at my meter and decide that I should pay a higher rate for the additional kilowatts.
If you’re charging off-peak, it won’t matter. They’ll thank you. Coupled with solar, if you have it, and it is essentially free.
> What happens when my 10 year EV battery fails? How do I dispose of it? Do I get a swap rebate? How much will it cost to swap an EV battery pack?
A new battery pack will cost you $16k. Real-world tests with aggressive use of fast-charging have about an 11% degradation of battery life/range per 100k miles driven. With slower home charging, it seems closer to 5-6% degradation. This is for a Tesla, and not a different brand. At that rate, the battery will outlast your vehicle’s life, and certainly lose efficiency far less quickly than any internal combustion engine I’ve ever owned.
> I did the math. I could not make a EV vehicle work for me, even IF the total cost of ownership was the same.
$25k for a new Honda Civic (average 33,pg), $50k for a new Tesla model 3 (82kwhr battery).
Assume 10k miles driven per year in each.
Cost per year of Honda without any repairs, with gas at $4.50/gallon:
10,000/33 = 303 gallons x $4.5/g = $1364 in fuel/yr
Honda uses ridiculously expensive oil and filters. You’ll get two oil changes at about $130, and one more full-featured maintenance at $300. Doing it yourself doesn’t save you any money, as buying the oil yourself at Sam’s Club 3 years ago was $80 alone for the oil.
1364 + 130 + 130 + 300 = $1924/yr
Tesla cost of maintenance and “fuel”:
No oil changes. Change the cabin air filter every other year.
82kWh/358 miles = .23kWh/mile
.23kWh/mile x 10,000 miles = 2290kWh
2290kWh x $0.0525/kWh (home charging, off-peak) = $120/yr to fuel and maintain your EV.
Difference: 1,924 – 120 = $1,804. $25,000/$1,804 = 13.8 years. Are you likely to break even in the life of the car? Not strictly on performance, no. To break even in 5 years, you have to have gas get to ~$16/gallon.
However, if you drive more than 10k miles, say 15k miles a year, that bumps the total cost to $2,735 for the Civic vs. $160 for the Tesla. Now you’ll break even in ~9 years, assuming gas remains at $4.50 a gallon. If gas goes to $6/gallon, you’ll break even in 7 years. If gas goes to $10/gallon, you’ll break even in less than 5 years.
To be fair, EVs are not for everyone. They aren’t even for me. I work from home. I’ll never, EVER break even in fuel costs with that kind of a commute. We rent, we don’t own, so no solar, no easy home charging.
But, if you have to drive a fair amount, and if you can install your own charger in your own space for a couple hundred bucks, and if you expect gas to go up and not down (or worse yet, get extremely scarce), then an EV makes a LOT of sense. If you want or already have solar power and are looking to go off-grid, an EV is a complete no brainer.
It is not a no brainer AT ALL. The costs will go up for all the items you calculated the way they plan it. The EV is powered by coal or gas – a total scam that is is green energy! Then the mining for the batteries is absolutely devastating to the landscape – and believe me – those required elements will get much more expensive. This is ALL about controlling the population. Did you ever read Agenda 21/30? The real one by George Soros??? Absolute evil – and its all lies and manipulation of people to get to their desired end – ABSOLUTE TOTAL CONTROL of everything you do in life.
> The costs will go up for all the items you calculated the way they plan it.
Yeah, inflation sucks. But these are costs right now, TODAY, with current inflation. Teslas have gone up a LOT in price due to it, but strangely the calculation of fuel costs is only making them MORE affordable, not less.
> The EV is powered by coal or gas – a total scam that is is green energy! Then the mining for the batteries is absolutely devastating to the landscape
Yes. Green energy is a scam. It is also completely irrelevant to the topic being discussed by myself and regitiger regarding personal economics and a cost-benefit analysis.
> Did you ever read Agenda 21/30? The real one by George Soros??? Absolute evil
Agreed. Completely evil. But again, still irrelevant to the discussion at hand. If you want to make the case that buying an EV makes you a slave and complicit in implementing Agenda 21, you’re welcome to do so.
However, if you assume that they are going to be successful in implementing their agenda and do kill off a massive amount of the humans currently living on the planet, what do you think is going to be more crucial to you in a survival situation? A gas-powered vehicle, or an electrical one?
Do you, personally, have the ability to extract oil, crack it, refine it, distill it, and obtain gasoline and motor oil from it in your back yard to fuel your car when you can no longer obtain gasoline elsewhere?
Do you, personally, have the ability to power your EV using your own home equipment (solar panels) if necessary?
An EV makes perfect sense to me in a survival situation too. It is much, much easier to support and supply as an individual. An EV can go hand-in-hand with a victory garden.
Last winter one of our vehicles was showing signs of losing its transmission so we had to trade it before that happened. With car costs it was the worst time to go into that market so figured we would maybe balance it out a bit – not with an EV but with a 5 year old plug in hybrid. I plug it into a household 110 overnight and can drive 20 miles pure electric and then it’s a basic hybrid with gas so there are no range worries. I usually only use it to commute and if I baby it I get 90 mpg equivalent for the round trip, maybe be more since electric here is pennies/kWh and with reduced rates overnight.
I am not in it to be green for green’s sake and I hate that I have to do it. We are a single income medical issue family so this is purely economical and it’s not for everyone but at this point I would make the same decision again.
As soon as most have EVs instead of ICEs vehicles, they will quit subsidizing all EV aspects and the utilities will be allowed to charge what the market will bear. Plus, after RE taxes, my electric bill is the highest cost for my home.
Just like your frig and TV, if your EV is plugged in during a ‘brownout’ (because where you live you’re state government demanded cheap, and reliable coal fired plants be shutdown and replaced with unreliable windmills) it will possibly be damaged beyond simple repair.
You need to speak to your electrician about that.
ZH also had an article recently about the explosion in credit card debt. Middle class families are living on a finite amount of available credit. When that limit is reached in the next few months the economy goes off a cliff.
Increased gas prices will accelerate the plunge.
What used to be livable wages for my family has become unlivable.
So, my wife and I have begun using CC much more often.
We haven’t carried this much CC debt since 2008.
There really isn’t room for “getting another job” , as any earnings
Would simply be spent on childcare.
And we are two earners.
I imagine there will be a tipping point, as you point out Bongo.
We are looking at a massive housing crash coming.
The best thing we have going is we are locked in at 3.99 mortgage.
Its doable. Only my property taxes go up, not my mortgage.
But the food, gas, etc is killing us right now.
And my sales business has been slumping since the stim money tailed off.
OmG I didnt even think of it in those terms .
… and rising interest rates are cutting off the home-equity-loan piggy bank that has been relied on increasingly in recent years
no more credit-card ability?
no affordable home-equity piggy bank?
many Americans won’t be able to purchase sh*t
and many will go bankrupt if they can’t keep up with their mortgages
“recession”
say it again
“recession”
depression
If the idea is to crush America (and it is),
Its working.
So, it’s not our govt being stupid.
Its our govt sticking to the plan.
At some point the refineries will not have to worry about expanded capacity and not keeping up with demand. We’re soon to reach a tipping point where people are no longer driving. Many are already practiced in the art of working from home. Did it with covid, do it with fuel. As for summer vacation? Forget about it. In the past when inflation hit going into the summer months we became familiar with the term “stay-cation” Everybody just stayed home.
Been there done that during the Carter years. Only difference I was a young husband/father then just trying to make the next payday.
They won’t slow it down until we’re crushed at around $10 to 20 a gallon !
Isn’t Europe paying around $9 / gal. already?
Speaking of JPM:
via WSJ: JPMorgan Shareholders Reject Pay of CEO, Other Execs
The firm’s shareholders voted against Jamie Dimon’s compensation, as well as other top executives’, in a non-binding vote.
May 18, 2022
JPMorgan shareholders voted overwhelmingly against the firm’s compensation plan for its top executives, including chief executive officer Jamie Dimon, according to news reports.
Just 31% of the shareholders supported the firm’s 2021 pay plan, under which six top executives earned $201.8 million, the Financial Times writes.
JPMorgan paid Dimon $34.5 millon for 2021, up from $31.7 million for 2020, as reported. The company also awarded him around $50 million retention bonus last year. Dimon’s $84.4 million total pay for 2021 placed him among the highest paid CEOs in the S&P 500, the Wall Street Journal writes.
Forbes puts Dimon’s fortune at $1.6 billion, according to the FT, while Bloomberg estimates it’s about $2 billion.
I mailed my Federal tax check this year from Louisiana and decided to have someone sign for it. The address that I sent it to was Dept. of Treasury, Internal Rev Service, PO Box 1214, Charlotte, NC 28201-1214.
When it came back there was a Stamped Signature. J.P. Morgan Charlotte, NC, AGENT FOR INTERNAL REVENUE SERVICE, RECEIVED. It was faded and hard to read, took a picture where it was readable.
Salmon P. Chase (1808-1873) was a U.S. senator, governor of Ohio and Supreme Court chief justice who served as the U.S. secretary of the Treasury during the Civil War (1861-65).
The Federal Reserve Banking System of America was devised in 1910 on Jekyll Island, a private hunting lodge located just off the coast of Georgia owned by J. P. Morgan and associates.
This is how long they have been Stealing from Americans.
There is a woman I know from NYC, she was married to JP Morgan Chase Chairman, she is in bed with Hochul, and all other radical Democrats doing fundraisers, luncheons, etc. for them.
It’s not a coincidence either, they are all handpicked by the secret banking cabal.
How did we get to a place where our own government openly hates any and all American citizens who aren’t communist morons? I never thought this would be possible in America but it sure seems like the hateful communist scum bags are winning right now.
They hate the morons too. They just find them useful to destroy the country. They only like themselves and other people in the BIG Club that we can never join.
Of course! Jan was the coup d tat. A fully open southern border also qualifies.
We are just waiting for the outcome of the midterms, hoping there is a peaceful way to resolve things.
If midterms fail and people are starving, it goes hot.
Why are we exporting gasoline?
I think it’s because the government in America hates you, Buckwheat. It hates me, too. And another 75% of the citizenry. It’s a visceral, personal hate, because we so spectacularly fail to love and respect it. It wants us sick and hungry and miserable and even suicidal.
Every day that we get out of bed smiling and ready for another great day as an Ultra MAGA Christian American is a personal affront to those alien lizards masquerading as politicians in DC.
The Climate Change Agenda is still only in its infancy of course. Freedom loving citizens should realize that there are many drastic prohibitions and other life changing policies coming if these fools are not stopped. Crippling the U.S. Energy production was easy, it only took a few Executive orders.
According to several former Green Manifestos (when Climate activists were not hiding their malign intentions) these power grabbers will begin altering gov’t itself to accommodate the new Green gov’t agencies that will prioritize and implement every delusionary Climate change policy and ensure that every individual or family unit will have to account for their own personal carbon emissions.
Gas and wood fireplaces will be prohibited but community wind generators and solar panels on home roofs and numerous other major conversions will be mandatory no matter what the cost might be. Hopefully, the madness won’t get this far but the Greta Thurnberg disciples like Biden’s handlers will try their best.
Those miscreants will eventually stop traveling without armed security or living outside walled compounds once the outlaws start to pick some of them off.
Exactly like communists.
EXACTLY like communists.
And they will be just as wealthy as communist leaders, too.
But nobody else will.
That’s what they think.
I would sooner let it all burn down than have them claim all of it.
I can create new wealth. They cannot as they are incapable and can only seize it.
This is why the federal government needs to be kicked out of the business of playing with private industries.
Especially in the energy sector!
Ask why no one will build a nuclear facility today… Thank Carter.
Administrations should NOT have this type of control!!!
If I were as rich as Gates or Musk I’d build as many as I could afford to, regardless of the costs and regulations. I’d use brute force money to get it done. That would be my philanthropy and legacy; cheap, clean Tritium based energy for all states who don’t kill babies. If you allow baby killing I’d keep you off my private nuclear grid.
A man can dream still, no?
That should slow the demand side quickly. Will slow vacations and road trips. Thanks Dems.
The last refinery of significance was built in 1977 therefore it doesn’t appear to be a refinery problem. We didn’t have this problem under Trump and gas in my state (Texas) was around 1.69 most of the time…….Something very insidious is going on…..IMHO
From U.S EIA
However, the newest refinery with significant downstream unit capacity is Marathon’s facility in Garyville, Louisiana. That facility came online in 1977 with an initial atmospheric distillation unit capacity of 200,000 b/cd, and as of January 1, 2021, it had a capacity of 578,000 b/cd.
Capacity has also been added to existing refineries through upgrades or new construction. Some recent examples of large increases include
Capacity has also been added to existing refineries through upgrades or new construction. Some recent examples of large increases include
Call it what you want. Climate change tax, The green new deal, elimination of the middle class. They are brazenly stealing our livelihoods without a mandate. That’s called theft. It’s a crime.
Usurper Biden apparently wants us all to buy electric. One of the options is the new Ford F-150 Lightning. There are apparently few available, especially if you didn’t get on the reservation list. MotorTrend is showing that some dealers were marking up a $51k sticker price to $130k. Yeah, that really makes you want to buy electric. Autotrader is showing that there is one F-150 Lightning within a 100 mile radius of me. That’s really going to make a big impact on climate change.
https://www.motortrend.com/news/ford-f-150-lightning-ev-pickup-dealer-markups
They don’t want you to drive at all. Driving is an unacceptable freedom in their NWO.
The remedy for this self destructive and entirely self inflicted disaster, which the enemy sedition party views as progress, because it inflicts pain, is a careful vetting of the votes in November using apparent and serepticious review of the voting process.
Landslide won’t be the adequate word to capture what is coming except in the seditious enclaves.
If the seditious civil rights violators are identified, their acts are those that Cicero would say are the paradigm of subversion, for which God can sort out their souls, when soul sorting presents its self.
In our realm, I won’t be concerned if justice is swifter than the speed of sound, nor surprised if more playing by their rules becomes so yesterday to patriots.
The 2020 election sedition went unpunished by the rule makers, so congratulations, they bought it and will own the consequences when people have had enough.
To quote my departed father “Toughski, Sh1tsski”.
We still have not reached the warm temperatures that occurred during what is known by scientists as the Holocene Climate Optimum 9,000 to 5,000 years ago. Temperature has started to come up in the last several hundred years but still a long way to go to reach the previous Optimum. This is a period when Humans thrived in Europe and populations increased after the Last Glacial Maximum.
Temperature change has a lot to do with what Scientists call Milankovitch cycles. Real Scientists know these things. Climate is all under the control of a higher power. The Kleptocrats see a way of making big money off the climate change fear mongering.
$8-$9/gallon gas in California may be enough to get some more local state Republicans elected to change Democrat government control. I say “may” as liberal state control is now absolute.
It’s crazy. Diesel almost double from year ago. 18 wheelers move most products. Does not take a genius to figure costs will go sky high. I have not noticed any electric 18 wheelers running product. The stupidity, more like evilness of this regime is unimaginable.
Americans will not tolerate this BS. Big pushback coming. Must stall dem agenda by taking back House & Senate to neuter this regime, whoever is running it. We will have a reset. Hopefully a reset back to common sense, practicality and America First.
Nothing but bad news every day, and it keeps getting worse. Now predictions of a “dot com” bust in the traditional stock markets by October. Bond funds already way in the red. All this plays into the hands of the elites who have brainwashed the masses. We have just been notified by local electric services that rates will more than double by June. Looks like now it may get even worse. I better get prepared to run electric 2 hours out of 24 if necessary. Wonder if civil unrest might be a result. Maybe time to join the Amish.
Double?? That is insane!! Do you live in CA??
I paid $5.09 this morning, western suburbs of Chicago.
$6.25 for regular in Marin County this afternoon.
Strange…August 2022 is the same time that Taiwanese think that China will invade Taiwan.
Follow the purple line. Obama is the defacto President
Spent some type two weeks ago with a nephew who has dual US/Sweden citizenship and who lives/works in Sweden.
Before he left Sweden for his trip to the U.S. he said gas was just over $12.00 US a gallon. That was three weeks ago, so the price may have gone up.
He said most people were driving only when absolutely necessary.
Not to worry, joebama regime is going to import oil from marxist maduro… who’s blackmaing who
I have 2 friends in Tracy, CA
Its outside the BayArea, about 50 miles from SF.
(The BA is big, lots of bridge tolls and traffic)
They both drive about 100 miles per day to commute.
They drive recent model pickups with 20/mpg
So that’s about $30/day just in gas.
Never mind bridge tolls, upkeep, and TIME on the road.
These are union plumbers and electricians who make 60$/hr
and they are struggling with bills.
“You will pay and we dont care how you feel about it!”
Obama smiles as his dream of $10/gal may soon become a reality.
I’m really worried about some family members. Both work, but they are scared– they are already occasionally finding themselves late on bills, etc. $6 will be undoable in their current commute. The elites have no clue what kind of unrest and complete Mad Max mayhem could be coming this summer.
Does anyone really believe that Democrats would be continuing these destructive energy policies if they didn’t already know they can rig the vote tabulation in November?
the number of huge RVs seems to have lessened here on the Oregon Coast. perhaps there is a gold lining to high gas/diesel prices.
I will just drive slowly and make fewer trips. Ride the bus or my bicycle. I’m not going to allow these kooks to disrupt my life until November. When mid terms come up, I will simply go vote where I live, Indiana.
Electric cars do not sell very well when gas is cheap…
When will this end? I feel like we are stuck in a nightmare we can’t wake up from.
Well aren’t high prices worth not have to deal with “mean tweets” anymore!! /s