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Banned-for-life

Joined: 12/03/2016 Posts: 390
Likes: 587


If that's Brandon's beef then you and him are both wrong


The current crack range (see chart-brown line) is appx 0.4 after briefly peaking above 0.5 in late September/early October. As the chart shows, spreads are still well within the normal range of the last 15 years.

Chart also shows how gasoline price (see chart-blue line) recoveries are 'historically' normal after the following price crashes which occurred in 2009 (great Recession), 2016 (Saudi Price war with US shale oil), and 2020 (Covid).

The Admin is simply attempting to deflect blame.

[Post edited by Banned-for-life at 11/17/2021 3:10PM]

(In response to this post by buffaloaded)

Posted: 11/17/2021 at 3:09PM



+3

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Current Thread:
 
  
Biden requesting FTC to examine gas pricing. -- Colo Spgs Buff 11/17/2021 1:15PM
  What's Biden's motivation for this? -- 84Buff 11/17/2021 3:35PM
  Nm -- Banned-for-life 11/17/2021 5:27PM
  Denial again -- 84Buff 11/17/2021 4:39PM
  It was in response to a Bloomberg question -- McKelvie 11/17/2021 8:22PM
  His/her "ignorance is limitless". ** -- SamSpade 11/18/2021 07:26AM
  The gap between the unfinished and finished product is -- buffaloaded 11/17/2021 2:01PM
  Cool, one of the 41%? ** -- 84Buff 11/17/2021 1:39PM
  Biden only knows how to deflect blame -- 84Buff 11/17/2021 1:20PM
  Bingo! The liberal way. ** -- Colo Spgs Buff 11/17/2021 1:26PM
  Bingo, no conservative has ever deflected blame. -- bufffantheman 11/17/2021 1:45PM
  Its down 2 million b/d ** -- 84Buff 11/17/2021 2:42PM
  Here is the link I provided the other day -- bufffantheman 11/17/2021 2:59PM
  You moved the goalpost -- 84Buff 11/17/2021 3:08PM
  Why pre-pandemic? Because it created a massive shift -- bufffantheman 11/17/2021 3:12PM
  So Biden's attack have zero impact? ** -- 84Buff 11/17/2021 3:26PM
  Biden's attack? -- bufffantheman 11/17/2021 3:38PM
  I'd feel the same way -- 84Buff 11/17/2021 4:17PM
  But the government is not trying to eliminate oil -- bufffantheman 11/17/2021 4:23PM
  That may be true, but that isn't the messaging -- 84Buff 11/18/2021 4:56PM
  I heard about that this morning -- bufffantheman 11/19/2021 09:40AM
vm314