A president can release oil from the SPR to try to lower the price of crude oil, but that oil has to be refined. Even if the price of crude plummeted, if there isn't the capability to refine it, the prices of gasoline, diesel fuel, jet fuel and home heating oil will not drop accordingly.
Refineries have been closing, primarily due to the pandemic. And with EVs becoming more numerous, the incentive to build new refineries (or reopen closed ones) isn't exactly strong.
So when a certain orange-hued political loser claims that he can bring back cheap gas, well, just add that to the list of the tens of thousands of lies he has told.
And if your friends tell you that they believe him, you'll know thst they are as gullible as they come.
Well, That’s A Car Of A Different Color!
46 minutes ago
1 comment:
Popular little ditty on the "country and western" radio 'round here towards the end of the Carter Administration: Let's Nuke the A-Rabs, We'll Have All the Oil!
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