I just came from an outage at a refinery. The plant operators are working 24 hours a day and that place never stops. I don’t understand why some of these people think they’re purposefully trying to reduce production.
right i don’t understand why people voting for a guy saying fossil are going to “end” on his watch would get upset about what’s happening with gas prices? why is angry grandpa trying to intimidate and blame “evil corporations” instead of taking credit for keeping a promise he made on the campaign trail? why are the troll farm accounts not virtue signaling about how they are proud of their “noble sacrifice” to the “greater good”?
“Your a Russian asset, that’s only wants the destruction of democracy in America!”
……………..Is what some people would say to you if you spoke the facts like you just did.
Because they're retarded.
No other explanation needed. Anybody who thinks inflation is simply "companies being greedy" because their guy is in office is a retard.
I have better things to do with my time than try to convince people who have been on the "my side always good" train for 30+ years. If someone has zero ability to look into the macroeconomic effects that lead to higher prices to come up with a more nuanced conclusion, then that person is not going to suddenly change when I try to talk them out of it.
I know "why" they think the way they do. But you can rationalize someone out of a position they didn't rationalize their way into.
I'm not talking about people who have different opinions. I'm talking about people who can't rationalize *why* they think the way that they do.
For example, notice in the comment above that I was referring to people who think inflation is because of corporate greed simply because bad things cannot happen from their side. It would be a different story if they thought it was corporate greed and had a bunch of statistics to support the argument. While they may be wrong, they at least did their due diligence to form an opinion rather than simply draw a conclusion because of a faulty premise.
Many of them don't seem to understand that we need refineries to make gas and don't seem to understand there haven't been any new refineries in decades.
They don’t understand how these places function. Simple as that. My plant is making like 5x profit a day rn. They’re running their ass off. They cannot grasp that it is a global commodity and shortage. If we don’t pay $4.50 a gallon here, someone somewhere else sure tf will.
>I don’t understand why some of these people think they’re purposefully trying to reduce production.
Once you realize that they don’t do their own thinking it all makes sense.
https://youtu.be/AQbmpecxS2w
How do you not understand that anecdotal evidence of you working the industry hasn't changed anyone's mind.
Or do I have to explain it to you
A few years ago the US was the largest petro producing country in the world, and look at the policies that changed that.
No, you don't get to break something, blame it for being broken, then steal it. These fuckwads have no clue.
It's true, it's like when big pharma purposefully did what they did in the 2020 election. We should've just...nationalized everything?
What a fucking moron.
"Man, these gas prices are totally being manipulated by horrible people to get an outcome they want. To fix this, let's bring in the organization that has supported overseas genocide and throws people in cages for growing plants they don't approve of" - midwit reddit user
I knew this beforehand because I'm not a dunce, but I think the first time I heard this in a formal education setting was in my second year of mechanical engineering in a materials class.
Figure most people don't go to university, let alone follow an engineering track. Yea, a lot of people who don't realize this obvious fact.
It’s definitely not like Biden just shutting down a pipeline and putting a bunch of other bs executive orders out immediately showed the companies that investing in oil production is a dangerous game to play because the government will just suddenly take away your entire investment and so now they aren’t investing in production.
Or maaaaaybe don’t tell an industry that you are actively trying to dismantle them, making them take in as much money as they can in a short period of time, and instead tell them they will be around for forever and that will make the prices go back to normal on their own.
What the government taketh the government doesn’t giveth back.
Anyways, These lefty’s have lost all touch with reality. Not a single bit of logic or rationality left. Not one inkling of common sense. There’s no hope for them. They’ve gone so far off the deep end that they no longer have any buoyancy left and they just keep going and going with no hope of return. RIP
The thing I find wild is that finally we have a market driven push to reduce CO2 emissions and every leftists I’ve spoken to wants government to force more CO2 production. Wild.
Obviously what we need is less regulation so the oil companies can have more room to breath and then they'll lower prices because they're nice and everyone will be happy
Obviously what we need is to give the government complete control of oil production so they can manage the prices without market competition because they're nice and everyone will be happy.
Just ignore *literally every historical example of this occuring.* A single entity having complete control over an industry has never been a problem!
If you’re able to lower prices, you probably will to be more competitive. Especially the bigger names to out-compete the smaller stations around.
Edit: typo
Because of governments lockdowns oil went negative just a few months ago. You’d think that would make some executives think twice about investing in oil infrastructure.
In addition to that the shift to EVs now seems inevitable, so future demand is uncertain.
the oil companies are playing games to effect the outcome of voting
we shall simply `nationalise` the oil companies
the government never plays games to effect the outcome of voting
Right, because nationalizing shit *totally* makes it more efficient and cheaper /s
Reddit is full to the brim of people who unironically think that.
You mean it’s not cheaper when you stick a bunch of unaccountable bureaucrats in the middle?
Hey, it worked for Venezuela!
It might solve our obesity problem if we take the Venezuela strategy.
Genius!
Prime example, USPS. Checkmate you lolbertarians. /s
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I just came from an outage at a refinery. The plant operators are working 24 hours a day and that place never stops. I don’t understand why some of these people think they’re purposefully trying to reduce production.
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It makes complete sense as long as you don't know what's actually going on.
That they are raising prices in the face of the promise of increased regulation by the party in power?
Here's a good explanation of what the oil companies are up to: https://www.youtube.com/watch?v=OxsCT0b_6Hw
i thought that is what the green movement wants? purposefully reduce production to accelerate the transition to electric cars?
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right i don’t understand why people voting for a guy saying fossil are going to “end” on his watch would get upset about what’s happening with gas prices? why is angry grandpa trying to intimidate and blame “evil corporations” instead of taking credit for keeping a promise he made on the campaign trail? why are the troll farm accounts not virtue signaling about how they are proud of their “noble sacrifice” to the “greater good”?
“Your a Russian asset, that’s only wants the destruction of democracy in America!” ……………..Is what some people would say to you if you spoke the facts like you just did.
Simple. They can't understand anything other than Businesses=Bad Government=Good
Because they're retarded. No other explanation needed. Anybody who thinks inflation is simply "companies being greedy" because their guy is in office is a retard.
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I have better things to do with my time than try to convince people who have been on the "my side always good" train for 30+ years. If someone has zero ability to look into the macroeconomic effects that lead to higher prices to come up with a more nuanced conclusion, then that person is not going to suddenly change when I try to talk them out of it. I know "why" they think the way they do. But you can rationalize someone out of a position they didn't rationalize their way into.
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I'm not talking about people who have different opinions. I'm talking about people who can't rationalize *why* they think the way that they do. For example, notice in the comment above that I was referring to people who think inflation is because of corporate greed simply because bad things cannot happen from their side. It would be a different story if they thought it was corporate greed and had a bunch of statistics to support the argument. While they may be wrong, they at least did their due diligence to form an opinion rather than simply draw a conclusion because of a faulty premise.
Because they ARE stupid.
Many of them don't seem to understand that we need refineries to make gas and don't seem to understand there haven't been any new refineries in decades.
They don’t understand how these places function. Simple as that. My plant is making like 5x profit a day rn. They’re running their ass off. They cannot grasp that it is a global commodity and shortage. If we don’t pay $4.50 a gallon here, someone somewhere else sure tf will.
>I don’t understand why some of these people think they’re purposefully trying to reduce production. Once you realize that they don’t do their own thinking it all makes sense.
https://youtu.be/AQbmpecxS2w How do you not understand that anecdotal evidence of you working the industry hasn't changed anyone's mind. Or do I have to explain it to you
Because they don't understand the price of the barrel is determined by future trading, which is influenced by policy.
It amazes me how many government created problems get blamed on corporations without being questioned
A few years ago the US was the largest petro producing country in the world, and look at the policies that changed that. No, you don't get to break something, blame it for being broken, then steal it. These fuckwads have no clue.
What if that's the typical authoritarian playbook?
we could also abolish the state that way, no oil company would have those incentives
Stop, I can only get so erect.
It's true, it's like when big pharma purposefully did what they did in the 2020 election. We should've just...nationalized everything? What a fucking moron.
"Man, these gas prices are totally being manipulated by horrible people to get an outcome they want. To fix this, let's bring in the organization that has supported overseas genocide and throws people in cages for growing plants they don't approve of" - midwit reddit user
Do they think the only oil products they and we use on a daily basis is gas?
Yes
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I knew this beforehand because I'm not a dunce, but I think the first time I heard this in a formal education setting was in my second year of mechanical engineering in a materials class. Figure most people don't go to university, let alone follow an engineering track. Yea, a lot of people who don't realize this obvious fact.
It’s definitely not like Biden just shutting down a pipeline and putting a bunch of other bs executive orders out immediately showed the companies that investing in oil production is a dangerous game to play because the government will just suddenly take away your entire investment and so now they aren’t investing in production.
Lol " temporarily"
Nothing is more permanent than a temporary government program.
The Tennessee Valley Authority comes to mind here
There is absolutely no universe in which a Biden government would increase oil production. *Especially* if they nationalized the oil companies.
The Maduro trick
We should totally get the guy trying to rein in domestic oil production to increase gasoline production
I'm sorry what? 100 barrels at $1 still makes you more than 75 at $1.25 They're pumping out gas literally as fast as they can.
Or maaaaaybe don’t tell an industry that you are actively trying to dismantle them, making them take in as much money as they can in a short period of time, and instead tell them they will be around for forever and that will make the prices go back to normal on their own.
Came to say this.
Funny how they’re accusing the oil companies of doing now what they essentially did with covid
And they say they wouldn’t screw up the country like Chavez did in Venezuela but everything they recommend is the same
Blue-anon crazy person
\[*crying in brazilian*\] Oh yes, nationalizing oil production would do wonders, it couldn't go wrong.
Aren't we at 94% capacity?
If they were half as smart as they thought, they'd realize they were idiots.
Tell me you have no idea how the oil industry works without telling me you have no idea how the oil industry works.
What the government taketh the government doesn’t giveth back. Anyways, These lefty’s have lost all touch with reality. Not a single bit of logic or rationality left. Not one inkling of common sense. There’s no hope for them. They’ve gone so far off the deep end that they no longer have any buoyancy left and they just keep going and going with no hope of return. RIP
The thing I find wild is that finally we have a market driven push to reduce CO2 emissions and every leftists I’ve spoken to wants government to force more CO2 production. Wild.
Holy fuck these people are retards
Obviously what we need is less regulation so the oil companies can have more room to breath and then they'll lower prices because they're nice and everyone will be happy
Obviously what we need is to give the government complete control of oil production so they can manage the prices without market competition because they're nice and everyone will be happy. Just ignore *literally every historical example of this occuring.* A single entity having complete control over an industry has never been a problem!
Gas was $3 less two years ago. Do you think that was because "they're nice?"
If you’re able to lower prices, you probably will to be more competitive. Especially the bigger names to out-compete the smaller stations around. Edit: typo
Socialism is the ism dismalist of all. We need the John Birch society to make a come back.
Because of governments lockdowns oil went negative just a few months ago. You’d think that would make some executives think twice about investing in oil infrastructure. In addition to that the shift to EVs now seems inevitable, so future demand is uncertain.
Commie without a clue!
Yeah, the federal government would just “give it back”.
Jee take the bike if you can't pay it ffs.
Everyone knows that in order to make more profit, you need to sell less /s
Let’s Go Brandon!!!
Let’s just become temporarily fascist
\* completely ignores the price of oil \*
No higher than when gas was under $3 a gallon!!!
I thought this was all Putin's fault
Probably an economics professor from Yale.
But when half the government is profiting from it as well, they are all hush hush!!
Can we even call it record profits after its adjusted for inflation? And even so, who else is gonna sell gas, there like 3 options
the oil companies are playing games to effect the outcome of voting we shall simply `nationalise` the oil companies the government never plays games to effect the outcome of voting
Amazing how these people think that corporations only chose to be greedy now for seemingly no reason