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Perhaps that is one issue. a Demo Congress wanted to KEEP that archaic law/regulation! (Put in by RMN POTUS administration) Because raw crude oil and refined products are fungible, there are NO practical barriers to exporting "foreign" Canadian raw crude (and by inference DOMESTIC oil) and then down stream, "Canadian" by then, US refined products. Another might be: why would the current BHO administration want to help out a trusted ally? (or our own industry) He has VETO power ! ? Another is another no brainer: LESS to no tax revenue for some years! So for example the article says it will cost $ 1 B for a " x" barrels increase in productive capacity, ULSD. (I am no CPA) So depending on the amortization schedule/s, Congress will in effect GRANT (if approved) a 1 B write off up to tax credits. Short sight would dictate why get less tax money, when you can disapprove and keep the tax revenue UP !?
Based on past results, there are NO questions in my mind we overwhelmingly chose to destroy LARGE parts of our economies. The pollution issue is PURELY tactical, and a total NON issue, They are there so fairy tales can opaque AND continue the hidden realities.1 ·
Indeed, this is probably the ONLY article ( that I have come across, for wider spread consumption) that actually DARES to indicate the profit % in diesel/RUG/PUG refining !!!1 ·
I'd say without a doubt ! I think in a lot of cases TMI serves useful functions in inducing "deer in the headlights" type reactions.
Here is one with diesel (RUG/PUG also) implications.
US becoming 'refiner to the world' as diesel demand grows
Patti Domm | @pattidomm
Wednesday, 7 Aug 2013 | 10:59 AM ET
Why is Brent Crude used as a WW spot price fixing when Brent Crude is a literal puddle of inventory vs a Pacific Ocean of say SA or US inventories? So for example, WTC is cheaper per barrel? It is also WAY more relevant.
Here is the one I like:
..."As of mid-year, margins on U.S. Gulf Coast-produced diesel were running just above $16 barrel, while the margins on finished gasoline were much lower at just under $8 barrel, and that trend is not new. The data were provided by Valero in a recent investor presentation."...
YET, the price of diesel is LESS than RUG/PUG. ! ? More normally, the price of ULSD is ... MORE! So, IF all they do is make a couple basis points LESS PROFIT (not even ONE percentage) THEN, ULSD SHOULD be PERMANENTLY..... CHEAPER . ! ? Or, ... they could transfer those profit %'s and volume LOSSes to .... RUG/PUG ie.much higher prices. Put that together with 30 to 60% better ULSD mpg....... !!!!! ????
So the current administration, who has gone on record wanting $10. USD gasoline, has done its level best to strangle, to kill this juggernaut and overwhelming natural advantages. Needless to say the efforts are HUGE jobs killers.
I am laughing @ your response. I get the feeling you get the deeper implications.Hahahaha, yes, yes, yes! Sadly, yes.
LOVE fish taco's !!!
On the 12 VW Touareg TDI @ app 54,000 miles, ZERO reliability issues !!!!