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Nothing makes sense anymore, I read that Exxon mobile made record profits this year. How? We’ve messed ourselves up so hard relying on oil companies the way we
by bamboozled 4y ago
Nothing makes sense anymore, I read that Exxon mobile made record profits this year. How?
We’ve messed ourselves up so hard relying on oil companies the way we do, how’s it’s the peasants that are paying for endless price gouging.
- finiteseries 4y agoBy maxing out supply amid unending demand, they have a terrific product/market fit. https://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm https://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm https://en.wikipedia.org/wiki/Supply_and_demand https://en.wikipedia.org/wiki/Supply_and_demand Here’s a map of the places that create diesel from crude oil. Note the north & south east where these shortages are occurring, and limited to. https://atlas.eia.gov/datasets/6547eda91ef84cc386e23397cf834524_0/explore?location=36.677242%2C-86.070248%2C3.63 https://atlas.eia.gov/datasets/6547eda91ef84cc386e23397cf834... It has been 45 years since a >200,000 barrel per day refinery was built in the US. 1998-2015 saw 0 upgrades to existing capacity or new builds. Since 2015, a handful of <50,000 barrel per day refineries have been built, but every single one is in Texas.
- iwillbenice 4y ago