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The Water Cooler
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Who will apply for work at Tesla in Tulsa?
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<blockquote data-quote="Shadowrider" data-source="post: 3369081" data-attributes="member: 3099"><p>You mentioned upthread that O&G has been "subsidized" since their existence (or something like that). You are exactly correct. Why is that? Because in the beginning it was known how the internal combustion engine was going to be a game changer for life as we know it and America needed it's own resources and infrastructure. Guess what? This is still the case. I can't remember a time since horizontal fracking was developed about 20 years ago that we were in as much danger of falling back into dependence on Saudi oil. How do they need the money? They O&G companies are hurting. Badly. That's how. In the coming year you will see quite a few filing bankruptcy.</p><p></p><p>Meanwhile we have shenanigans like this going on, but first a little background. The Motiva refinery in Port Arthur, TX is the largest refinery in the U.S. and the 5th largest in the world. It is 100% Saudi owned. I've seen various capacities listed but Motiva itself states it can refine 630,000 barrels of oil <strong><u>per day</u></strong>. All of the fuel sold at Shell stations along the gulf and SE coasts is Saudi sourced from this refinery. They bring in their own oil, refine it and sell the fuel through an agreement with Shell. Not one drop as far as I can determine is from U.S. oil.</p><p></p><p></p><p></p><p>If I were Trump I'd slap a tariff on the Saudis so fast it would make their head spin but I'd give them 3 options.</p><p></p><p>Option A:</p><p>I would set a price that U.S. companies could operate at a profit on and do this: Base Price - WTI Price = Saudi Tariff Assessed. I'd then give the tariff money to the states affected proportionately to be used for the O&G companies to make sure they are ongoing concerns.</p><p></p><p>Option B: For every barrel they bring in they take out 1.1 barrels of our oil. So if they bring in 100,000 they leave with 110,000 of our oil in their tankers to whatever country they choose to sell it to, subject to our national security concerns of course. Price adjusted for level playing field (see option A).</p><p></p><p>Option C: I'd take federal control of the Motiva refinery, lock it down, reconfigure it to refine our own light sweet crude and then hand it back to the Saudis with a bill for the retrofit.</p><p></p><p>Wind, Solar and Batteries ain't fixing any of this any time soon. Not in ours or our children's lifetimes anyway.</p><p></p><p><a href="https://www.cnbc.com/2020/04/17/saudi-arabias-oil-exports-to-us-skyrocketed-amid-coronavirus-lockdowns.html" target="_blank">https://www.cnbc.com/2020/04/17/saudi-arabias-oil-exports-to-us-skyrocketed-amid-coronavirus-lockdowns.html</a></p><p><a href="https://www.motiva.com/About/What-We-Do/Refining" target="_blank">https://www.motiva.com/About/What-We-Do/Refining</a></p></blockquote><p></p>
[QUOTE="Shadowrider, post: 3369081, member: 3099"] You mentioned upthread that O&G has been "subsidized" since their existence (or something like that). You are exactly correct. Why is that? Because in the beginning it was known how the internal combustion engine was going to be a game changer for life as we know it and America needed it's own resources and infrastructure. Guess what? This is still the case. I can't remember a time since horizontal fracking was developed about 20 years ago that we were in as much danger of falling back into dependence on Saudi oil. How do they need the money? They O&G companies are hurting. Badly. That's how. In the coming year you will see quite a few filing bankruptcy. Meanwhile we have shenanigans like this going on, but first a little background. The Motiva refinery in Port Arthur, TX is the largest refinery in the U.S. and the 5th largest in the world. It is 100% Saudi owned. I've seen various capacities listed but Motiva itself states it can refine 630,000 barrels of oil [B][U]per day[/U][/B]. All of the fuel sold at Shell stations along the gulf and SE coasts is Saudi sourced from this refinery. They bring in their own oil, refine it and sell the fuel through an agreement with Shell. Not one drop as far as I can determine is from U.S. oil. If I were Trump I'd slap a tariff on the Saudis so fast it would make their head spin but I'd give them 3 options. Option A: I would set a price that U.S. companies could operate at a profit on and do this: Base Price - WTI Price = Saudi Tariff Assessed. I'd then give the tariff money to the states affected proportionately to be used for the O&G companies to make sure they are ongoing concerns. Option B: For every barrel they bring in they take out 1.1 barrels of our oil. So if they bring in 100,000 they leave with 110,000 of our oil in their tankers to whatever country they choose to sell it to, subject to our national security concerns of course. Price adjusted for level playing field (see option A). Option C: I'd take federal control of the Motiva refinery, lock it down, reconfigure it to refine our own light sweet crude and then hand it back to the Saudis with a bill for the retrofit. Wind, Solar and Batteries ain't fixing any of this any time soon. Not in ours or our children's lifetimes anyway. [URL]https://www.cnbc.com/2020/04/17/saudi-arabias-oil-exports-to-us-skyrocketed-amid-coronavirus-lockdowns.html[/URL] [URL]https://www.motiva.com/About/What-We-Do/Refining[/URL] [/QUOTE]
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