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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rdkflorida2 who wrote (13930)	6/3/2022 7:41:54 PM
From: Kirk ©	1 Recommendation Recommended By berniel Respond to of 26780

I'm not a fan of Cramer either except he is a great market weather vane... The weather vane says most but DNC morons know that if we really wanted lower prices, we would INCREASE SUPPLY AT HOME where we would also benefit from the high paying jobs, taxes on those jobs then taxes on the "obscene profits" the oil companies are making on this. Of course we want to "solve climate change" by asking the Saudis to drill this oil for us that we don't want to buy from those nasty Russians or drill and pump ourselves (maybe those profits go to Red States?) Biden has been on lowering gasoline prices since last year. whitehouse.gov The President has been working with countries across the world to address the lack of supply as the world exits the pandemic. And, as a result of President Biden’s leadership and our diplomatic efforts, this release will be taken in parallel with other major energy consuming nations including China, India, Japan, Republic of Korea and the United Kingdom. This culminates weeks of consultations with countries around the world, and we are already seeing the effect of this work on oil prices. Over the last several weeks as reports of this work became public, oil prices are down nearly 10 percent. What do you think of this plan to make it easier for struggling families to afford energy? Maybe the plan is to get them to borrow $60K to buy an EV then forgive the loans like Student Debt?

To: rdkflorida2 who wrote (13930)	6/5/2022 2:12:40 AM
From: Kirk ©	Respond to of 26780

EPA raises amount of ethanol that must be blended with gas abcnews.go.com The American Fuel & Petrochemical Manufacturers group, which represents refineries, called the 2022 figure “bewildering and contrary to the administration’s claims to be doing everything in their power to provide relief to consumers.” The group said unachievable mandates will increase fuel production costs and keep consumer prices high. The Biden administration has set new requirements that increase the amount of ethanol that must be blended into the nation’s gasoline supply ByDavid Pitt Associated Press June 04, 2022, 2:36 PM FILE - An ethanol refinery is shown on July 22, 2021, in Chancellor, S.D. The Biden administration set new requirements Friday, June 3, 2022, that increase the amount of ethanol that must be blended into the nation's gasoline supply but reduce previous ethanol-blending...Show more The Associated Press DES MOINES, Iowa -- The Biden administration on Friday set new requirements that increase the amount of ethanol that must be blended into the nation's gasoline supply but reduce previous ethanol-blending requirements due to a plunge in fuel demand during the coronavirus pandemic. The Environmental Protection Agency said it would set the 2022 levels for corn-based ethanol blended into gasoline at 15 billion gallons. But even as the new rules increased future ethanol requirements, the EPA retroactively reduced levels for 2020 by 2.5 billion gallons and by 1.2 billion gallons for 2021, reflecting the lower amount of ethanol produced and decreased sales of gasoline during a period when the virus led to a drop in driving. Most gasoline sold in the U.S. contains 10% ethanol, and the fuel has become a key part of the economy in many Midwest states. The fuel consumes more than 40% of the nation's corn supply, and ethanol and other biofuel production plants offer jobs in rural areas that have seen steady population declines over the decades. President Joe Biden is among many politicians from both parties who have frequently promised to support increases in the renewable fuel standard. “Today’s actions will help to reduce our reliance on oil and put the RFS program back on track after years of challenges and mismanagement," said EPA Administrator Michael Regan. The Renewable Fuels Association, an ethanol lobbying group, criticized the retroactive reduction of biofuels targets but said the future requirements would bring certainty back to the renewable fuel standard, help lower gas prices and set a foundation for future growth. In the last few days, wholesale ethanol prices have been as much as $1.30 per gallon lower than gasoline, the group said. The final order also denies exemptions for certain oil refineries from ethanol requirements, saying they had failed to show exemptions were justified under the Clean Air Act. The American Fuel & Petrochemical Manufacturers group, which represents refineries, called the 2022 figure “bewildering and contrary to the administration’s claims to be doing everything in their power to provide relief to consumers.” The group said unachievable mandates will increase fuel production costs and keep consumer prices high. The Biden administration also announced Friday that the U.S. Department of Agriculture would provide $700 million to support 195 biofuel producers in 25 states that faced unexpected market losses due to the COVID-19 pandemic.