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Originally Posted by shawndoggy
Delta remember that $5 gasoline you were complaining about yesterday? Now “they” are just gonna burn it off as a waste byproduct? Cmon man pick a conspiracy to get hysterical about and stick with it. Btw, $5 gas will be great for the domestic oil industry. But, as you are wont to say, “that doesn’t fit the narrative.”
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has to go somewhere. The oils have to be refined to get the other products out. Sounds like some may be converted to some sort of petrol chemicals but the fuel will still be produced.
What are 3 products that oil refineries can make out of oil?
After crude oil is removed from the ground, it is sent to a refinery where different parts of the crude oil are separated into useable petroleum products. These petroleum products include gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feedstocks, waxes, lubricating oils, and asphalt.
The issue of fuel for engines is new issue historically and the markets back in the day simply took it as a loss. Now it is the business plan. You still need heavier oils for other projects. It all depends on what you can get for the price. Maybe they simply raise the cost of asphalt to compensate for the lack of earnings on the refined drum of oil. Maybe the plastics to make the car go way up because of no offset in oil refining. They lighter fuel oil has to do somewhere after refining. That is a simple case of chemistry. You think the Saudi's and Chinese are simply just going to store this stuff for generations? It is either going to get dumped or burned off.
I am sure $5 is great for domestic oil but bad for everyone else. We all know democrats want to make it more expensive to live in the US so they can move production to the 3rd world. Share the wealth and they are children of the world and not just America talk.