Phil1111

US refiners maximize profits by blending oil based upon opportunistic price spreads. US oil consumption peaked in 2005. "Evaluating the economic performance of the petroleum refining industry iscomplicated by the fact that many refineries can use crude oil of lower quality as aninput, while others cannot. Crude oil can be of lighter or heavier density, as well as having a higher or lower sulfur content. The density of the crude oil is important because, in general, a lighter crude oil input yields a lighter product mix. A lighter product mix is important because lighter products are generally in higher demand, and yield higher prices for the refiner."

Not unexpected, sort of old news:

The trust that republicans have in science has dropped from 72% to 46% over the last 46 years."Republicans' lack of trust in science opens up the possibility of their being more vulnerable to influence by ideas that lack scientific support, especially if those ideas are advanced by political conservatives they implicitly trust." The Reason Some Republicans Mistrust Science: Their Leaders Tell Them To “One of the things we know from studies about how people respond to news is that nobody likes science or empiricism when it conflicts with their deeply held views. " Not everybody gets a vote on how to fly the plane,” said Nichols, who wrote about the trend in a 2017 book, “The Death of Expertise.” In the pandemic, “This rejection of science and of expertise [has] become [a] demonstration of political loyalty. That’s the part I didn’t expect — that there would be an entire political movement, led by the president of the United "States, to basically disavow science.” So for those who disavow science. Its just a matter of being loyal. To the tribe. Its been going on in America since the 70's. So arguing fact, will most likely be unsuccessful.

Since oil is globally prices in USD. Since its demand is very elastic. Since Russia and Putin are in difficulty. MBS is merely doing what MBS and the Saudi's do. Perhaps but maybe the issue is buttering up to Putin so MBS can buy the reactors that trump's couldn't get for him. It seems to go in nine month cycles. He is good at driving nails. But sometimes turns the compressor up to 2000 psi.

The way the UK is going perhaps its time to just come out and call it little Italy. -Populist politicians and politics. -Borrow and spend like drunken sailors with debt piling up.Currency tanking. -Governments flipping flopping and changing like bed sheets in a whorehouse.

Money drives the world and motivates mankind. Science is but a cog in the money motivation machine. Not hard to understand.

thanks

So Elon Musk stated that Ukraine should settle with Putin and give up land and independence. Naturally Ukraine responded with outrage with only Putin, Slim and other Kremlin enablers applauding. So now Musk has said that Ukraine should start paying the approximately $20 million a month. That SpaceX's Starlink internet service had previously been provided for free to Ukraine. Evidently if you want freedom you shouldn't challenge Elon's ideas of what it means. Elon Musk currently has a net worth of about $220 billion USD.

You have to think positive. When you and your wife are driving down the road. Other motorists look at you with envy and respect.

Congratulations. All sounds like fun. Personally the first trip to the dealership post expiration of the warranty. Would require me to have my cardiologist walk me arm in arm.

So like a true politician Liz has thrown her first body under the party bus. If you can't blame someone else for your personal stupidity. how can you be a politician.

She just wanted everyone to know that she can dress up to the 10s for a Saturday night gala. Then mix it up in the mud with the boys on Sunday.

Oh, I didn't know that. So good on you then. I thought it was the MB version of a suburban.

IMO Joe, BIGUN and John have all made solid arguments and efforts to address gun control. Democracy is a little messy and blaming individuals who make personal efforts to pull on the rope. Should be given some slack. If everyone who wanted change made individual efforts, change will happen. Naturally the carnage will bring out some emotions from anybody who has a conscious.

For those who need their ego stroked.

Bill has answered this question in these forums many times.Usually for the express benefit of Brent. Even Sesame Street Big Bird has had programs explaining it. How Exactly Does Carbon Dioxide Cause Global Warming?

Just as Putin has gone to war and not declared it. President Biden has declared war against China with regards to high technology and chips. F.C.C. Readies Vote on Banning New Huawei and ZTE Devices We Are Suddenly Taking On China and Russia at the Same Time “The U.S. has essentially declared war on China’s ability to advance the country’s use of high-performance computing for economic and security gains,” Paul Triolo, a China and tech expert at Albright Stonebridge, a consulting firm, told The Financial Times. Or as the Chinese Embassy in Washington framed it, the U.S. is going for “sci-tech hegemony.” The US has banned exports of chips, chip design and chip making equipment to China. Xi and China have not had much to say about this new trade war. Most likely because China is about to start a new congress. "The ruling Communist Party of China is expected to kick off its 20th National Congress — held once every five years — on Oct. 16." China has been pressing hard to develop its own chip manufacturing sector. With tens of billions of dollars in subsidies. For which it has had limited success. For certain once the congress is over China will retaliate. China is helping Russia. China tossed out democracy in Hong Kong. There has been little debate about this new war with China and once retaliation starts. It could effect many US jobs.

As we have seen proven again and again in these very forums lately.

As of a week ago he had begun restating lies about Sandy Hook on his shows. Its too bad that other sources of lies, misinformation, trolling, etc. Can't result in similar outcomes. Perhaps if FOX, Truth Social, etc. start getting hit with substantial damage awards. There would be a little crack of bright light for truth, facts and righteousness.

Thats about the size of things. Look at the German Bunds markets. They are dealing with unprecedented energy problems effecting every sector of its export driven economy. Yet they have no issues and an orderly market.

Everyone knows that just like The Hundredth Monkey he votes for United Russia with an absentee ballot.

The Hundredth Monkey must be a booth or two away from Slim. In other news there are now just over 50 countries supplying Ukraine with free weapons.

What about those poor 50 Texans that froze to death? Debating with a fracking idiot? A dry hole if there ever was one.

UK bond markets are skating in dangerous territory. The BOE is currently conducting emergency bond buying to keep liquidity(functioning) moving. They now also include inflation indexed bonds. "Dysfunction in this market, and the prospect of self-reinforcing ‘fire sale’ dynamics pose a material risk to UK financial stability,” the bank said in a statement Tuesday." Daily limits on bond purchases moved up to $11 billion US.

Slim and Brent's friends are fleeing back to Russia. They have begun to realize that all of Putin's promises have been hollow. So the queuing of vehicles to cross the partially destroyed Putin flop bridge is 15km. No word yet if they intend on heading for Turkey or other countries to flee conscription.