Trumps put sanctions on Venezuela crude...bad news for Gulf Coast refineries

Drill baby Drill... Oldie but a goodie......

Heavy crude...try and keep up. Originally Posted by WTF

you keep up, you cant even keep up with your post or what it means or implies

if a refinery is set up for heavy crude and thats its specialty, it will try to get it from any source Saudi or otherwise,

in fact many of the refineries on the gulf coast are set up for heavy crude, which requires much more in the way of a distillation process, if it wants to produce the more expensive products

but your post was because of a Venezuela embargo gulf cost refineries will now have to import more expensive heavy Saudi oil thanks to trump

nothing you post makes any sense

first, light sweet is more expensive than heavy crude

second, Venezuela can barely ship oil due to lack of safety controls and maintenance and cleaning, they have had ships stranded because of not being able to transport in international waters but of late they were shipping a percentage of their prior amounts

third, Venezuela, like the united states has all types of production, some comparing very well with WTI in terms of gravity and sulfur content

fourth, so, if Venezuela is shipping light to some refinery, that refinery isn't going to now take heavy, from Saudi or anywhere unless a big investment is made in a make over, if it was a heavier oil from Venezuela ,it will be heavier from Saudi or somewhere else

many refineries mix the crude, but the biggest problem would be if they cant get the heavy not where it comes from

^^^ Hey don't derail WTF's narrative...with facts!!!
The left now says facts aren't important as feeling!!

You dont know your stuff Originally Posted by themystic

Look who's talking...
You Nazi!!

the biggest problem would be if they cant get the heavy not where it comes from Originally Posted by nevergaveitathought

One thing you accidentally got right.

Two things, taking crude out of the market does what Einstein? Raise Prices. Eco 101

Next the shipping cost is more even if the price eas the same.

Jesus.

Read the link below....this before the sanctions.


https://oilprice.com/Energy/Crude-Oi...-Shortage.html

One thing you accidentally got right.

Two things, taking crude out of the market does what Einstein? Raise Prices. Eco 101

Next the shipping cost is more even if the price eas the same.

Jesus.

Read the link below....this before the sanctions.


https://oilprice.com/Energy/Crude-Oi...-Shortage.html Originally Posted by WTF

the point is, your post to start the thread made no sense (what you typed)
not that you can go copy some story

Gas prices at relative all time low. Are you 21 or what. Where do you get that nonsense from. You dont know your stuff Originally Posted by themystic

Prove me wrong. I bought regular a couple of days ago for $1.69 here in Houston.

Prove me wrong. I bought regular a couple of days ago for $1.69 here in Houston. Originally Posted by gnadfly

I went to the CPI calculator

if you enter 23 cents for jan 1967, which you might have been able to find in a gas war back when there used to be gas wars

the inflation adjusted dollar value for that at Dec 2018 is $1.76

so $1.69 is most likely in the low range of historical gasoline prices and so you are entirely correct

I went to the CPI calculator

if you enter 23 cents for jan 1967, which you might have been able to find in a gas war back when there used to be gas wars

the inflation adjusted dollar value for that at Dec 2018 is $1.76

so $1.69 is most likely in the low range of historical gasoline prices and so you are entirely correct Originally Posted by nevergaveitathought

Unfortunately, that is not wtf this thread was about. Not that that ever stopped you from commenting!

Unfortunately, that is not wtf this thread was about. Not that that ever stopped you from commenting! Originally Posted by WTF

yeah its about the suffering refineries that may be forced as it were to buy crude from Saudi all due to trumps nefarious plans to pay off the Saudis for killing americans at 9-11 or some other reason only you might know

and that there were absolutely zero muslims in new jersey applauding the take down of the twin towers

all of which will lead to, according to you if you follow the logical consequences, higher gasoline prices than otherwise might be in the absence of trump's actions, which gnadfly rightly commented on claiming he didn't see any high prices and then mystic said he was a bozo, in a manner of speaking

and I thought well do we or don't we have higher prices because of all your theories, and so I checked it out empirically taking gnadfly's statement at face value

and since he asked mystic to prove him wrong,,,,,,, well it all fits and has a direct line back to your opening comment

so I take umbrage at your insinuation

Again...more bullshit that is off topic. Kevin Bacon would be proud.

Trump does not care about a countries people. If so, he wouldn't be withdrawing from Afghanistan.

Trump cares about the Saudis....veen kissing their ass.

Both Venezuela and Saudi Arabia sell heavy crude.

The Gulf Coast processes heavy crude.

Understand so far?

It competes with other regions in the country that process light or sweet crude.

Therefore an increase in price of HEAVY CRUDE hurts the Gulf Coast refinery business.

Do you need a fucking coloring book?

How about you and gnad read wtf is written and not what you think is written.

Again...more bullshit that is off topic. Kevin Bacon would be proud.

Trump does not care about a countries people. If so, he wouldn't be withdrawing from Afghanistan.

Trump cares about the Saudis....veen kissing their ass.

Both Venezuela and Saudi Arabia sell heavy crude.

The Gulf Coast processes heavy crude.

Understand so far?

It competes with other regions in the country that process light or sweet crude.

Therefore an increase in price of HEAVY CRUDE hurts the Gulf Coast refinery business.

Do you need a fucking coloring book?

How about you and gnad read wtf is written and not what you think is written. Originally Posted by WTF

I could pick through this diatribe and point out portions that are off topic but I wont

Expect gas prices to rise if these stay in effect.

And they will because Trump wants us to buy the more expensive Saudi heavy crude... Originally Posted by WTF

I went to the CPI calculator

if you enter 23 cents for jan 1967, which you might have been able to find in a gas war back when there used to be gas wars

the inflation adjusted dollar value for that at Dec 2018 is $1.76

so $1.69 is most likely in the low range of historical gasoline prices and so you are entirely correct Originally Posted by nevergaveitathought

Unfortunately, that is not wtf this thread was about. Not that that ever stopped you from commenting! Originally Posted by WTF

"symptoms of dementia" ..

common early symptoms of dementia include:
memory problems, particularly remembering recent events.

...
loss of ability to do everyday tasks.

One thing (of many) that sailors learn is to know from which side of the boat to toss the slop ..... so they don't get any one them.

... "sailors" .... latrine diggers don't have to worry about it.

Let me guess the information in that link is...BULLSHIT
6.4% ain't a piss in the ocean!!
You have no idea what I know about oil...there you go ASSUMING again...you know what they say about ASSUME...
Still waiting for that link on the unhinged right vids?? Originally Posted by bb1961

I have no idea wtf you know about oil but I do know from reading your posts that your reading comprehension skills suck.

I have no idea wtf you know about oil but I do know from reading your posts that your reading comprehension skills suck. Originally Posted by WTF

Expect gas prices to rise if these stay in effect.

And they will because Trump wants us to buy the more expensive Saudi heavy crude... Originally Posted by WTF

I went to the CPI calculator

if you enter 23 cents for jan 1967, which you might have been able to find in a gas war back when there used to be gas wars

the inflation adjusted dollar value for that at Dec 2018 is $1.76

so $1.69 is most likely in the low range of historical gasoline prices and so you are entirely correct Originally Posted by nevergaveitathought

Unfortunately, that is not wtf this thread was about. Not that that ever stopped you from commenting! Originally Posted by WTF

"symptoms of dementia" ..

common early symptoms of dementia include:
memory problems, particularly remembering recent events.

...
loss of ability to do everyday tasks.

"Reading comprehension" ... from "memory problems"!