Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘market manipulation’

Energy Information Administration data shows HOW BIG OIL is ABUSING CONSUMERS.

Posted by Warm Southern Breeze on Tuesday, June 28, 2022

The
EXCLUSIVE REASON
WHY GAS PRICES ARE HIGH
is because
OIL COMPANIES HAVE CLOSED REFINERIES
&
REDUCED REFINERY INPUTS.

The U.S. Energy Information Administration’s website (https://www.eia.gov/) has a page dedicated to “Refinery Utilization and Capacity” (https://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_a.htm) which shows that, NOT ONLY have BIG OIL companies CLOSED REFINERIES, they have also DECREASED OIL PRODUCTION (Gross Inputs to Refineries) — BOTH which have contributed EXCLUSIVELY to hyper-inflated gas prices, and bank-busting profits for BIG OIL & their stockholders.

In other words, they’ve also “capped oil wells.”

One way to INCREASE PROFITS is to PRICE GOUGE, another is to MANIPULATE THE MARKET.

BIG OIL companies are doing BOTH.

Refineries — which are owned by oil companies — have been CLOSED BY THE OIL COMPANIES, despite making bank-busting RECORD PROFITS. Read the rest of this entry »

Posted in - Business... None of yours, - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News, WTF | Tagged: , , , , , , , , , , , , , , , , | 1 Comment »

 
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