If you want to help with all of this consider an electric car.
St. Petersburg, Fl
Opinion by: E. Eugene Webb PhD
Opinion by: E. Eugene Webb PhD
You're probably watching gasoline prices go up
and wondering what’s going on.
Well, the answer is a lot.
The seasonal changeover is in process, the petroleum
industry sees a good economy and the chance to gain massive profits while most
of us are distracted by our own lives and the machinations of politics, and
some of the big geopolitical players in crude oil supply still think they can
mussel the United States around by playing with oil supplies, think OPEC.
Trump Tweet:
Looks like OPEC is at it again. With record
amounts of Oil all over the place, including the fully loaded ships at sea, Oil
prices are artificially Very High! No good and will not be accepted!
— Donald J. Trump (@realDonaldTrump) April 20,
2018
With our economy, humming along these Petro
players are trying to cash in while the geopolitical petroleum suppliers can’t
get a handle on Trump, so they are trying a power play.
NBC News by Martha C. White: Trump Adds Fuel to the Fire of Rising Gas Prices
How big is the impact of a rise in gas prices on
our economy?
Market Watch by Steve Goldstine: Here’s how much $3-per-gallon gas will offset
the tax cuts.cuts
"Every penny rise generally takes out
billions of dollars from the economy in other avenues, and discretionary
spending is always the first to take a hit," said Patrick DeHaan, a senior
petroleum analyst with GasBuddy.
“The
general rule of thumb is that every 1 cent per gallon more results in $1
billion less in consumption per year.”
What would the impact of gas at $3.00 for the
rest of the year? About $45 billion in less spendable consumption for the year
which would take a major bite out of the Trump tax cuts.
It is time for action.
The petroleum and gasoline business is a constant
throughput industry and relies on a steady flow of product sales to maintain the
massive amount of dollars that flow from consumer back up the chain.
Trump needs to issue a series of executive orders
capping gas prices, freezing domestic crude oil and refined product exports and
diverting them to domestic refiners and suppliers.
Further Trump needs to issue executive orders stopping
the sale and shipment of all military hardware, ammunition, repair parts and
services to countries holding us hostage with their crude oil prices. Again,
think OPEC.
The oil industry from the well to the pump cannot
stand even a brief hiccup in the process flow of oil and money. Let’s cause
some of that foreign crude start piling up in ships that cannot unload, and OPEC
tank farms and see how quick the price changes.
If you want to help all of this consider an
electric car.
If you're in the market for a new car and your
daily commute is less than 75 miles, there are a number of good electric cars that
will meet your need. Every electric car on the road means a decrease in the
amount of refined oil products we consume.
For now, it is time for Trump to step up and do
what he does best call their bluff. My guess is he will win again, and OPEC and
big oil will lose.
If you agree Tweet or e-mail this post to
Trump or the White House and let the president know you are with him on this
one.
E-mail Doc at mail to: dr.gwebb@yahoo.com
or send me a Facebook (E. Eugene Webb) Friend request. Like or share on Facebook and follow me on TWITTER @DOC
ON THE BAY.
See Doc's Photo Gallery at Bay Post Photos.
See Doc's Photo Gallery at Bay Post Photos.
Disclosures:
No comments:
Post a Comment