I consider Ed and Cindy are media dupes. The whole democrat campaign
was driven by the media and Hollywood both of which lean far to the
left. Ed and Cindy should pay attention to what their wallets say
which
is the truth.
My IRA says, "Yippee!!"
Did it outpace inflation ? My wife's 401k didn't ... barely broke even
WRT buying power .
My Fidelity is up about 30%. Find a better place to keep it.
Math is not your first language?
With the exception of the last month or two, Biden's gas prices were
over $3.50/gal.
When the Democrats stole the 2020, Trump gas was only ~$2.10/gal.
COVID lockdowns, numbskull.
The democrat's scamdemic is over. Gas prices are still up. Get it?
Thank your buddy Putin for that.
Oil is a worldwide commodity. POTUS doesn't control its price.
He could by restoring the previous ban on exporting US oil and products.
A lot of what's pumped in the U.S. is not suitable for use in
our refineries.
That is true of most all crude, save for light sweet, - so?
Plenty of use is gained from it regardless:
https://www.eia.gov/energyexplained/oil-and-petroleum-products/refining-crude-oil-the-refining-process.php
https://www.breakthroughfuel.com/blog/crude-oil-barrel/
Gasoline
Gasoline is one of the most important and prevalent refined products
derived from crude oil in the U.S. It accounts for 20 gallons, or 45%,
of a 45-gallon barrel of refined fuels. While gasoline is primarily used
as fuel for standard passenger vehicles, it is also used by boats,
powertools, and small engines. It is often sent to fuel blending
terminals where blending agents are added to stay compliant with ethanol
requirements.
Retailers often sell gasoline in three grades: Regular, Midgrade, and
Premium – also referred to as unleaded, super, or super-premium. Each
retailer may include unique brand-specific additives to differentiate
their products from their competition.
Ultra-Low Sulfur Diesel (ULSD)/Heating Oil
Ultra-low-sulfur diesel (ULSD), also used interchangeably with heating
oil and biodiesel, is the second-largest portion of a refined product
barrel, equating to roughly 11 gallons, or 25%, of the finished product.
This versatile fuel supports agriculture equipment, heavy-duty
transportation, home heating, and refrigerated equipment.
Due to the comparable composition of ULSD, heating oil, and biodiesel,
the products are often priced interchangeably. Regional price dynamics
often create significant commodity price variances. The key difference
in selling price is taxation, as road diesel is subject to fuel taxes
further down the product supply chain. Together, ULSD and heating oil
make up 12 gallons of a refined barrel.
Kerosene/Jet Fuel
Kerosene accounts for roughly 4 gallons, or 9%, of the refined products
derived from crude oil. This light petroleum distillate is commonly used
as fuel in heaters, lamps, cooking stoves, and water heaters. Multiple
grades of kerosene exist, though specifications vary depending on means
of utilization.
Kerosene-type jet fuel is created via similar refining techniques,
though distinct specifications through aircraft configuration
differentiate generic kerosene from jet fuel. Kerosene-type jet fuel has
both commercial and military uses for jet and aircraft engines.
Hyrdocarbon Gas Liquids
Hydrocarbon gas liquids (HGL) typically make up approximately 2 gallons,
or 4%, of refined products. They serve as feedstock to produce various
chemicals, plastic products, and synthetic rubber. Additionally, they
are used as fuels for heating, cooking, transportation, additives for
gasoline, and blending agents for crude oil products.
Residual Fuel
Residual fuel is a more general classification for fuel oils that
ultimately remain after distillates and lighter HGL has refined away
during the refining process. The production of residual fuels makes up
one of the smallest portions of a barrel of refined products in the
United States, accounting for just 1 gallon, or 2%, of refined output.
Residual fuels are segmented into two key categories, Number 5 and
Number 6. Number 5 residuals are used in powerplants and steam-powered
vessels. Number 6 residuals are used for electric power generation,
space heating, and ocean vessels as bunker fuel, which has greatly been
greatly affected by the marine shipping regulatory landscape.
Talk to the refiners; it has nothing to do with
Biden.
You're LYING again:
https://newhouse.house.gov/media/weekly-columns-and-op-eds/fighting-president-bidens-unprecedented-war-american-energy
Since day one in the White House, President Biden has consistently made
policy decisions based on the views of the extreme climate
lobby—disregarding their impact on everyday Americans. From cancelling
the Keystone XL Pipeline to revoking leases for oil, gas, and mining
across the West, it is clear the president’s unprecedented war on
domestic energy producers has put the United States in a vulnerable
position.
On day one of his presidency, President Biden increased our reliance on
foreign adversarial nations for energy and increased costs for consumers
and producers. One of the president’s first actions this year was to
pause all future liquified natural gas (LNG) export terminal permits
under the guise of climate change, limiting our ability to export LNG to
our allies. Thankfully, House Republicans passed H.R. 7176, the
Unlocking Our Domestic Liquified Natural Gas (LNG) Potential Act of
2024, less than a month later to repeal all restrictions on the import
and export of natural gas. Limiting future LNG exports is a gift to
Vladimir Putin, and denying future permits would jeopardize our national
security, as well as global energy markets.
President Biden also killed the Keystone XL Pipeline, which could be
supplying over 830,000 barrels of oil from Canada to U.S. refineries.
This would have helped keep our energy costs lower and would have been
more environmentally friendly than importing from less efficient
producing countries. Instead, the president chose to cave to the radical
climate lobby and increase imports from countries like Venezuela,
committing an energy security blunder so large we still feel the effects
of it today.
Increasing our reliance on foreign adversaries is only the most recent
attack on American energy producers by the Biden Administration. This
administration has also acted to cancel oil and gas leases in Alaska and
offshore in the Gulf of Mexico, even though the leases were mandated
under the Tax Cuts and Jobs Act. As Chairman of the Congressional
Western Caucus, ensuring responsible resource development is of the
utmost importance to me, which is why I have been advocating for both
energy independence and multiple-use mandates on our federal lands
across the west. The regulatory assault this administration has pursued
destroys any incentive for domestic energy producers to invest in
America’s resources, destabilizing our energy market and spurring higher
prices. The United States produces the cleanest and safest energy in the
world from traditional resources like oil and natural gas, discouraging
investments that would create jobs and expand our supply of domestic
natural gas in the name of climate change is delusional.
This week, the House of Representatives will vote on my resolution
denouncing the harmful, anti-American energy policies of the Biden
Administration, outlining all the shortfalls of his “green” policy
decisions. This resolution condemns the irrational and unpredictable
federal lands policies of this administration, outlines where President
Biden has issued harmful executive actions, and encourages domestic
production of reliable and affordable energy.
The Biden Administration’s war on clean, safe, and affordable energy is
not sustainable. They cannot continue to compromise our national
security to push their extreme agenda. While we in the House Republican
majority continue to pass common-sense energy solutions, I urge the
president to reflect on his decisions and swiftly change course to
ensure an energy independent future.