So the latest blame on the recent rise in gas prices is plants shut down due to maintenance. Looks like most of our refineries finished their 4-6 week maintenance in spring.
REFINERY NEWS ROUNDUP: US refiners running near full rates as maintenance ends
Hmmmm. Is this a word recently used in Germany when they got sick of the fuckers?I'm thinking of a word ... it starts with N -- not that one! -- and describes a process where we decide the oil companies have made enough on their investments and our wallets gallon by gallon.
Nationalization of the oil companies was my mild suggestion.
Not at all. It's a legal taking. Bill gets proposed with all the details spelled out, passed. I anticipate a lack of transfer support from the relieved execs as the only snag. Well, there may be issues with this SCOTUS.Wille thisse be an armed struggelle?
i'm sorry to say, the oil executives are pissed we aren't paying prices like the euro's...I need another castle in the UK like ...
I was thinking more along the lines of eliminating the profit sucking middlemen and women. Put admin in the DOE obviously. Guessing the rank and files in the companies would want to keep their jobs. Infrstructure is in place. A zippless fuck as EJ would say. Here's Sec Granholm:
WASHINGTON, D.C.— U.S. Secretary of Energy Jennifer M. Granholm issued the following statement today:
“This week’s letter from a company that made nearly $200M in profit every single day last quarter, misreads the moment we are in. The fact is this: Energy companies are making record profits, with refiners and retailers also posting margins that are well above average — while passing the costs on to consumers. Currently the average markup from wholesale to retail is about $1.27, compared to a typical 90 cents for this time of year. This price dynamic is possible because of ongoing refinery issues and a failure of companies to maintain sufficient regional inventories to buffer demand when refineries go offline, while those same companies export gasoline and diesel at record levels. While many states are still seeing lower prices than the peak in June, others in the Midwest and West are instead experiencing swift price increases because low inventories are not sufficient to meet their customers’ needs.
“This is a time for American energy companies to take action to lower prices for consumers and to rebuild inventories of gasoline and diesel in this country that are below the five-year range.
“As the President has said, these companies need to focus less on taking every last dollar off the table, and more on passing through savings to their customers. If companies like ExxonMobil continue to believe that 'free market incentives remain the most efficient way for the industry to address these problems,' they need to step up and show results for American consumers and the American economy.”
Nice sentiment but not how the world works, Jen. So the People nationalize it for ourselves.
Excess profits tax...