Gas Pump For Sale

FTC Charade

When in doubt, just waste taxpayer’s money. In a purely politically inspired move, the FTC launched yet another wasteful investigation into whether or not that oil companies, traders and refiners have tried to manipulate energy prices. The real reason for this investigation coming at the urging of Democratic Maria Cantwell is to try to create a smoke screen for the failed energy policies of the Obama Administration. The Administration should be known as the anti-energy administration. You see the President believes the future of energy is in wind power and solar and other expensive inefficient fuels. He has shown his disdain for the oil industry and has decided to sacrifice jobs in his endeavor to get us off of oil and onto the fuel sources of his heaviest political backers. Every policy by this administration has had the goal of making oil and gas more expensive and push us towards the fuel of the future at the expense of every working American at the gas pump. According to the Wall Street Journal the FTC, “ plans to review how refinery operators decided to shut some equipment for maintenance, which sometimes leads to higher gasoline and diesel prices, among other matters.” Well maybe I can save them some time. Refiners have to do maintenance and they usually do it at a time when demand is weakest, the “shoulder season”. At the same time every spring because of EPA regulations refiners are forced to create boutique blends of gasoline. You see the government mandates shortages of supply in the name of cleaner air. In an article by Ben German, “ The FTC letter notes federal data showing that as of early May, refiners' margins - or the difference in value between their products and crude oil prices - had increased by more than 90 percent since the beginning of the year, yet refiners were using only about 82 percent of their capacity, a reduction from the same period last year.” Well part of the reason margins have gone up is that last year refiners in many cases were losing money and while refinery runs have fallen, the truth is that gasoline production has risen and refiners have actually become more efficient. In fact if it were not for some refinery problems caused by flaring, floods and storm related power outages, US refiners were producing gasoline at a record pace. At the same time due to the Presidents war in Libya, gasoline imports in the US have been way down into New York harbor.

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Pittsburgh legal journal

The Conversion of Retail Fuel Pump Computers to Sale by the Liter

Popular Mechanics

Popular Mechanics