Thursday, June 16, 2022

Gas Prices Over Time

No It Is Not Biden's Fault.  Even though Conservatives seem to want deny the real root causes for political reasons.  I mean Biden trying to protect some wild life areas while working to wean us off fossil fuels did not help... But let's get real, its impact is miniscule. New leases would not have been productively pumping for years.  And the Canadians can refine their own oil if it makes sense, no need to pump it to Texas.

Here is an article regarding one of the key constraints...  Apparently Refinery capacity has been falling over the last few years.  And it is unlikely that anyone is going to build new refineries as battery powered vehicles continue to grow in popularity.




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