Defective Opie of the illegal corn ethanol mandate by the RFS law itself,
The people of SD and the local people wanted a new state of the art refinery. The environmentalists have effectively gained controlled of the regulatory and even legal process. They abused that undisclosed power to make it so expensive to build the refinery that it was abandoned.
When America is desperate for such high value added therefore good paying jobs.
Progressives are mental automatons. 99.9% no longer reason and therefore can not be reasoned with. To lie for the illusion of the greater good has taken possession of them. Then there is also the vanity of Grubers who do know better at some level of awareness. But their defective characters control them.
Look Texas will build. YOu just need a President which makes the EPA actually follow its authority from congress. Which is to consider economic impact and efficiency in equal measure to cleanliness. The EPA has no legal authority to impose standards in knows industry can not meet. What Obama is bragging about is in fact illegal.
Just because Progressive can appoint collectivist nihilist judges who assume group superiority, does not make it legal. Assuming any material nihilist will act with restraint due to moral and ethical conviction is a basic self delusion.
Hey WSJ, it is a good thing farms have to pay up to $17 and treat human beings better!
Eliminate the wild distortions of uncontrolled immigration and labor rates will settle to predictable rates.
It is very hard work so people should be paid enough to make in gainful.
American farms are falling behind because we are not setting field layout to favor automation. Like oranges.
Yes some difficult jobs will be displaced. Which means there is absolutely no reason to increase the supply of unskilled labor. Also effectively uneducated labor which is most difficult to transition to demand.
Bottle necks which drive up wages is how efficiency gains are transferred to labor.
I will never set foot again in a Disney theme park except under great duress. After what they did to their American programmers. Associates call it working for the Rat. Shame Roy did not win.
My goodness I have no idea how such Erudites can be so blind and primitive. There is a reason truly productive economics spills over into philosophy. It has to do with the human condition at all levels.
Soviet Union and Europe always have had a surplus of educated people their economies could not effectively employ. Incompetence, imperfect information and irrational political economic policy. The reality of imperfect information serves the interest of corrupt collectivists. In addition to being a reality problem.
Japanese engineers are in the top tiers. As are the Chinese. Why then does face book, apple, you tube or innovation in general mostly occur in America? Immigration of high achievers is good. But we should never allow what Disney did.
It is like the WSJ editorial board is lost in space with Aristotle or Ptolemaic Universe mechanics. Seems to fit.
Thankfully we have the call it as he sees it economist Mr. Varney. He was there!
My goodness. When will the WSJ get out of their weird aeon about immigration? Jon Stewart retired!
LINe is now highly speculative and therefore high risk/high return.
Much depends on the American economic growth rate. Sadly, Obama will crush our economy for another year and a half.
The good news is industrious Democrats are finally becoming aware of just how corrupt and dangerous Hillary is. No star chamber right wing vast conspiracy. Just a corrupt and inept even before the effect of corruption self absorbed woman. With her misogynistic partner in corruption Billy Boy.
If the Republicans is any one other than Trump, we could get green economic shoots next year. It is not that Trump is not competent, he simply does not have the temperament. But there is no need to be disrespectful to him. He would be an excellent trade and economic adviser. American needs his talents.
American needs a combative champion on trade and economics. One that is not afraid of Republican special interests or Progressiveness. Popular bombast can therefore should be a tool with its place.
All Americans should be indignant at the uncontrolled boarder. An ethical Americans must look after our fellow citizens before the world's huddled masses. It does not make us racist, it makes us ethical.
Anyways, if LINE can buy up the debt at 50% discount to face the roi is indeed astronomical. It is also very cash accretive. It would be normal rather unusual for energy futures to go steep contango on just average economic growth. IN which case the debt roll over worried disappear.
The future at line is very uncertain, both ways. Unfortunately due to Progressive Grubering and self deception, the key is political. Whether economic policy is lawful and rational.
Pipe lines are being completed rather than built. A good portion of the new investment is enabling export.
Which is we had economic policy rather than this flat earth Progressive Climate control would not be happening.
Everything leaving America would be solid or refined. But we are not getting the capital investment precisely because of insanity like Obama latest power plant fiat.
Electricity is the blood of a healthy economy. Artificially depressing demand by purposefully making it very expensive is not efficiency. It is abuse of the American people.
It certainly does not help that the dogmatic press just lets lies about true cost go unchecked. Truth and objective is their duty. As long as the press continues to allow lies about 'alternative energy' it will never become truly viable. It simply fires collectivist crony capitalist feeding frenzies.
I know this is amusing to the attention starved Opie.
Congress needs to kill the portions of this insane Supreme Aryan Mullah deal they can. The next President already has a daunting task in repairing relationships without this insanity.
When was the last refinery built in the United States?
There were 140 operable petroleum refineries in the United States as of January 1, 2015.
Two new simple refineries began operating in early 2015:
The 19,000-barrel-per-calendar day (b/cd) Dakota Prairie facility in Dickinson, North Dakota
The 42,000 b/cd Kinder Morgan condensate processing facility on the Houston, Texas, ship channel, with plans to double that capacity by the end of 2015
The newest complex refinery with significant downstream unit capacity began operating in 1977 in Garyville, Louisiana. That facility came online in 1977 with an initial atmospheric distillation unit capacity of 200,000 b/cd, and as of January 1, 2015 had capacity of 522,000 b/cd.
Capacity has also been added to existing refineries through upgrades or new construction. The most recent examples are:
In 2012, Motiva upgraded its refinery in Port Arthur, Texas, making it the largest refinery in the United States with a capacity of 603,000 b/cd as of January 1, 2015.
In 2009, Marathon upgraded its Garyville, Louisiana refinery. As of January 1, 2015, the capacity (b/cd) is more than double its original 1977 capacity."
Plus as Phil pointed out, you are getting worse.
The KM is a splitter. Just enough for export.
The tiny refinery in ND is a dot. It may or may not benefit from Bakken oil production.
Which underlines the point that this insane 'agreement' with the Supreme Aryan Mullah is inherently irrational and therefore unstable.
By NINA ADAM
Past global economic expansions, especially the really robust ones, have tended to bring a sharp upswing in corporate investment in new machines, factories and technologies.
The latest expansion is showing no such boom. Economists and policy makers on both sides of the Atlantic point to lackluster long-term investment to explain paltry productivity gains and meek economic growth.
But many economists say the trend may not be as alarming as it looks. Data showing weak corporate investment, they argue, fail to capture powerful new trends in technology and business practices. They also say the nature of production has changed: Technology and connectivity are making machines more efficient. Software and data processing also are reducing the need for traditional capital-goods equipment."
Yes, Obama has scared off capital investment with his childish vanity and lawlessness to feed that narcissism.
American companies have invested in internal processes efficiency. Which in a no growth economy, sheds good jobs.
But there is also the screaming elephant in the room. All this Progressive PC 'alternative energy investment' is negative productivity. Costs far more, imposes inefficiency and burdens the real economy with completely avoidable costs.
What is new is this primitive Climate Control religion which is not based on science. Now it is simply setting a good example to dictators worried about immediate social stability.
When American natural gas is cleaner, more efficient and lower cost. Creates excellent Americans jobs will greatly strengthening our national security.
The American Fed and indeed world central banking has been papering over irrational governmental policy for over six years now. This sort of irresponsibility is not new to the backward Europeans. It is new for America.
Without American economic growth to pull them along. every one is being sucked down by Obama.
It is not rocket science folks. It is self apparent.
Ukrainian dog training.
TreT in Moscow (Parkour Dog From Ukraine in Russia`)
Inner city Americans do have brothers in Ukrainian.
American terriers will do anything their pack leader want. They are also way more agile than most folks realize.
Go down to the park and amaze children with your dog. You and the dog's moves.
How cold do you think it has to before a Ukrainian puts a coat on his dog?
I would love to see Americans doing urban training and putting it up. Bet the Ukrainians would like it too.
Now many contributors here have been sorely tested. Still, they do understand the waste of American ngls. They understand North American energy self sufficiency while dramatically reducing co2 is a simple matter.
The government should encourage adoption of our natural gas at the highest marginal utility. Which is not closing modern and clean base load coal plants.
Americans here understand the inexcusable waste of our ethane.
Americans understand the inexcusable lawlessness and brute abuse of imposing the corn ethanol mandate.
Which Obama with a snarky cunning grin calls alternative liquid fuel. Which is so defective there is no way to ever make it rational as a base load fuel.
Yet the OLB plays game of childish vanity like poor Ron^3. There is the in your face I have no shame bald faced deceptions of Willie. There is the otherwise repulsive and commical appearance of Stag the human blood soaked monster. The lessor ape shameless antics of rrb. The angry willful ignorance of Oliver who must be superior. Well all actually have a sick superiority complex of various foundations. All are very sick.
Now it is the sacred duty of the press to investigate the science. Not just take opinions. It all began with a little greater good self deception instilled in colleges 40 years ago. Now wildly out of control and forming a base of a primitive nihilistic religion. Of a sort not seen in a jon Stewart aeon.
Yes we as American must do better. The various political vanities and foolishness are common in our history. BUt not this large mass of detached no nothings so easily manipulated by the power of statistical method and complete lack of ethics or truth.
It is the only reason the evil of corn ethanol mandates can still be imposed. Americans have not been informed by people seeking truth rather than personal advantage or primitive religion. Which has fused in a very mass delusion.
The history of early Christianity is bound intrinsically to that of the great civilizations of the Mediterranean. The Pax Romana, in addition to the infrastructure of the Roman Empire under Augustus and his immediate successors, aided the spread of Christianity, the tenets of which appealed to people of all social classes and ethnicities in the Roman Empire. These same core beliefs put Christians at odds with the religious practices, and so also the political customs, of Rome. Centuries of persecutions came to an end with the Edict of Milan in 312 A.D., when Emperor Constantine declared Christianity to be a legally recognized religion. His imperial interactions with the Christian Church established many precedents and controversies for relations between church and state, which lasted even into the twentieth century.
Kenneth R. Calvert is Associate Professor of History and Headmaster of Hillsdale Academy. He earned his B.A. from Wheaton College in 1984, and holds an M.Div. from Gordon-Conwell Theological Seminary, a Th.M. from Harvard, and a Ph.D. from Miami University (Ohio). His teaching experience includes being a visiting scholar at Trinity College (Bristol, U.K.); a graduate assistant, teaching associate, and part-time instructor at Miami University; and a visiting instructor at Thomas More College.
PhD Calvert achieve something astounding in presenting so much information in a cogent delivery.
The follow on interview is not to be missed either.
A real must for maturing Christians ready to take on the challenge of purpose.
Suddenly Dr. Carson's comment that he is not 'very religious' but it informs or guides all he does is most Christian, in the American Reformation School.
Hey Gosk an important dimension is Karl Haushofer geopolitics.
The only leverage SA has on American foreign interest is our oil dependence.
The highest value of their oil is family and state security rather than maximizing price.
Below $50, much of our mature trickle or stripper wells can not produce economically. Processing costs for water, often usually salt water, incursion is to high. Very low impact on associated natural gas production.
There is also a step variable to shale production. Oil Production remains above what the market thought. But the production is moving via pipe rather than train car.
Gasoline and therefore oil demand is increasing in America. Obama has us uncertain with all his childish vainglorious irrationality. So it is not being transmitted into real sales.
It is difficult to over-estimate the benefit of Obama retiring and Americans being wise enough to to elect Hillary. It does please me that as industrious Democrats get informed about Hillary's dangerous and self absorbed mischief, they are rejecting her. Thank God trustworthiness is still important to them.
An effective Republican can not eliminate the special interest feeding frenzy. But she/he could minimize by reduction and imposing rationality. Corn ethanol mandate has to go for example. The President will be armed with science and therefore has the power to simply end the mandate.
Nothing is rational or stable under Obama. The Middle East has never been less stable.
It is true. But it is much more cost effective and their efficient to refine in America. Not to mention a dramatic reduction in pollution due to our already absurd level of cleanliness.
Look we can not have insane corrupt corporatist like Hillary. Nor can we have a narcissist nihilist like Obama. Nor can we have an honest delude like Sanders.
What remains of our free market unions are centered in energy production and heavy construction.
Instead of allowing corrupt union bosses to sell you out, rank and file needs to demand the unions try and work some deals with the Republicans. Win, win , win is available.
Poor black communities are not alone in being misguided and voting against their real interests. It is also what remains of our productive economy unions.
Perry would have you guys at work. Dr. Carson would have you at work. I believe Rubio would have you at work. Certainly Governor Kasich of Ohio has a proven record.
Gov JIndal really did take on one of the most corrupt state bureaucracies in Louisianan.
Of course honourable Gov Walker too. He had to take on the statist gov unions and not the productive sector.
SO even though shales operations have dropped off a cliff in FailUfornia, high gasoline prices are depressing demand. Which is feeding back into depressed oil prices.
Truth is the willfully ignorant Progressive environmentalists want high prices. Then they blame business for their cold heart lies. The highest number of the poor in America, are afflicted. To which they throw a few inadequate crumbs.
Texas is going great in the irrational cold heart Progressive Obama time.
Think how much better all of America would be doing if we had a rational science based EPA. Business building all the energy, energy infrastructure and manufacturing capacity free markets dictate.
Following the law and eliminating illegal corn ethanol mandates is necessary. 10% by volume and 4% of the gasoline supply by usable energy. This inefficiency alone insures it is energy negative and causes far more pollution.
Getting the American economy to at least normal is not rocket science. Even the Great Ghoulsbees of Chicago knows it. But like nearly all Progressives, he is not himself. At least not his healthy self.
The Whiting outage, along with leaks on pipelines that deliver Canadian crude, has caused a massive backup of oil from Canada. Spot prices for Western Canadian Select, the benchmark for crude produced from Canadian oil sands, traded Friday at $22.75 a barrel, down about 13% on the week, according to OPIS. It fell faster than U.S. crude this week and traded for as little as half of the U.S. benchmark, a discount that is rarely that high, according to OPIS.
“It’s the big loser,” said Tom Kloza, co-founder of OPIS.
Light, sweet crude for September delivery fell Friday to a fresh six-year low in intraday trading, touching $41.35 a barrel. It flipped later in the morning and settled up 27 cents, or 0.6%, at $42.50 a barrel on the New York Mercantile Exchange.
By TIMOTHY PUKO
Some retail gasoline prices surged this week as a series of refinery shutdowns forced drivers to pay more—even as the shutdowns pushed oil prices further down on their historic collapse.
Bulk-market prices jumped at some of the country’s largest gasoline hubs, with Chicago seeing the biggest increase, up 57% in a week. Prices at the pump there hit $3.23 a gallon, approaching levels reached last fall when oil was nearly twice as expensive as it is now, according to the Oil Price Information Service. In California, pump prices crested above $5 a gallon this week.
A series of pipeline and refinery outages, from New Jersey to California, have cut some drivers off from supplies, pushing up pump prices. It also backed up oil supplies at major junctures, adding to fears that oil doesn’t have enough buyers. The scramble sent oil prices tumbling, and gasoline futures spiking and then dropping.
Of all of the energy commodities, gasoline “has probably been the most balanced as far as supply and demand goes,” said Todd Garner, managing partner at hedge fund Protec Energy Partners LLC, which manages $100 million of energy investments in Boca Raton, Fla. “It’s so finely balanced that it can be tipped either way” every day.
Gasoline for September delivery settled Friday down 2.72 cents, or 1.6%, at $1.6869 a gallon. It ended the week up 3.9%, largely thanks to a three-day 8.7% rally that sent gasoline on Wednesday to its highest level this month.
Hedge funds that bet on the spread between oil and gasoline, and physical traders with inside knowledge of refinery operations, were likely to see the biggest impact from the up-and-down ride, traders and brokers said. Mr. Garner said he had been betting on an increasing spread between oil and gas in recent weeks.
Welch bill would end corn ethanol mandate
ESSEX JUNCTION – U.S. Rep. Peter Welch visited a family owned motorcycle shop in Essex Junction on Monday and announced he has reintroduced bipartisan legislation that would abolish a federal mandate to add biofuels, such as corn ethanol, to gasoline.
Four U.S. lawmakers begin second effort at biofuels reform bill
A bipartisan Senate duo is pushing to repeal a a piece of the renewable fuel mandate that requires refiners to blend a certain amount of ethanol into the nation's fuel supply.
The bill, introduced by Sens. Pat Toomey (R-Pa.) and Dianne Feinstein (D-Calif.) would repeal the corn ethanol mandate in the Renewable Fuel Standard (RFS) set by the Environmental Protection Agency every year.
YOu know they are close Willie. But then when did truth matter to Progressives? Intelligence either. Grubering or lying does take much of anything.
in America. Unfortunately not really tied to faster economic growth but rather Americans being able to afford to drive.
Which is why refining capacity is at practical capacity. Some of the problem is the inability to efficiency deliver refined products around America.
Following the RFS Law and eliminating the illegal corn ethanol mandate would increase practical capacity. The inefficiency imposed by this corn ethanol insanity is massive.
Sustained in large part by now completely obsolete oxygen requirements in gasoline.
Sulfur is not a problem in our gasoline. Corn ethanol corruption is.
Business would love to build many large refineries around the country. Brand new super efficient and startling clean.
Progressive just need a time out.