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Environment & Energy

Random Boomer

(4,421 posts)

18. Say what?

Reply to Stargazer99 (Reply #16)

Mon Jun 15, 2026, 10:54 AM

Jun 15

None of this is a secret. None of this is nefarious in purpose. I'm not some expert in the petroleum industry that has insider knowledge. This is just basic information that is readily available for anyone who pays attention to the news over the years.

Oil infrastructure is a massive investment. Companies don't make that kind of investment unless they absolutely have to do so. This is the reason that few companies were interested in Trump's "triumphant" acquisition of Venezuelan oil. The infrastructure is in bad shape and there was little incentive for any company to invest a fortune and a decade of time rebuilding it, especially in a country that is so politically volatile.

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Highlight:

Oil executives send a blunt message to Americans on gas prices [View all] Dulcinea Jun 15 OP

Probably one reason Trump agreed to an Iran ceasefire. Lonestarblue Jun 15 #1

Yes, assuming the deal is even finalized and signed, which I am doubtful about LymphocyteLover Jun 15 #13

Vance says deal has been 'digitally' signed OKIsItJustMe Jun 15 #20

isn't it an MOU, not a final deal? LymphocyteLover Jun 15 #22

What to know about the deal to end the Iran war OKIsItJustMe Jun 15 #25

Doesn't the US produce oil from it's own sources as well as from Canada and Venezuela? ChicagoTeamster Jun 15 #2

Yes it is, but... MarcoZandrini Jun 15 #3

75% of US crude imports come from Canada, Mexico, and Colombia and 7% from Saudi Arabia. ChicagoTeamster Jun 15 #27

Each source of crude oil has different characteristics. WestMichRad Jun 15 #4

"So a given refinery is pretty much locked in to use a single source of crude, or that from a very limited number..." OldBaldy1701E Jun 15 #6

They know how to process all of the different grades of oil. They are doing it right now, in other countries. 3Hotdogs Jun 15 #9

Deliberate for a financial reason Random Boomer Jun 15 #10

It is untrue that U.S. refineries cannot process light sweet crude lonely bird Jun 15 #15

Those in power don't want the public know what you explained in your post-it shows how well our Stargazer99 Jun 15 #16

Say what? Random Boomer Jun 15 #18

Tne general public does not know the dynamics of oil supply and therefore easier to manipulate Stargazer99 Jun 15 #21

It's a pretty complex mixture to clean up WestMichRad Jun 15 #24

Yes but oil is priced on the global market LymphocyteLover Jun 15 #23

Reading between the lines what the oil industry executives are telling us....... KS Toronado Jun 15 #5

This FalloutShelter Jun 15 #7

in fact, it is likely to go up a lot because this Iran deal looks like it's going nowhere LymphocyteLover Jun 15 #11

EXACTLY!!! Otherwise known as "we're getting richer, and fuck you!" niyad Jun 15 #14

I have seen mention several times that gas prices will spike about July 4th... IthinkThereforeIAM Jun 15 #19

And big oil profits will stay high. multigraincracker Jun 15 #8

ANY statement prefaced... GiqueCee Jun 15 #12

Opening the Strait is a very small part of the matter AverageOldGuy Jun 15 #17

I don't think so WSHazel Jun 15 #26