Re: There is no global oil shortage

Healdsburg CA

Description

What a crock of shit! Biden shut down domestic oil production right when we need more to fuel our expanding economy and is now begging OPEC to produce more and they are not, just raising crude prices (now over $80 a barrel). Add to that we have not built a new refinery in half a century and the few we have are very inefficient. We also make this ridiculous special "formulated" gas that no one else in the country is making, so when we are short, we can't import from another state. Add to that CA has the highest gasoline tax in the country. What do you expect!? When you hear hooves, think horses, not zebras! The reason is simple. Oil companies are losing tens of billions of dollars every month due to the reduction in trucking. Oil companies a have also seen a huge global slow down in shipping and air travel. The world is simply not needing/buying as much gasonline, jet fuel and diesel that they were a couple,e of years ago. So oil companies are sticking it to consumers. Chevron, Shell, Exxon, BP, Unocal are all trying to remain record high profits even during this covid induced consumption down turn. You and I are getting screwed so greedy oil executives can afford personal jets. Oil companies are punishing consumers (charging more) for using less oil.