Oil refineries ramp up processing activity to highest levels since pandemic began


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Gas costs are proceeding to upward thrust and now oil refineries are ramping up processing activity to the highest levels since the pandemic began. Tom Kloza, international head of power research on the Oil Price Information Service, joins CBS News to talk about what this implies and why oil exports generally is a scorching subject in Washington within the close to long term.

#News #GasPrices #Pandemic

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26 thoughts on “Oil refineries ramp up processing activity to highest levels since pandemic began”

  1. After year and a half the pipeline would have been finished we would not have to be a nation of defending and depending on foreigners to tell us what to do and how to run our government but we have been independent from foreign oil and prices but that was not our choice that was our government's choice for us to become a dependent Nation not an independent nation by Nikki fossil fuel what is it coal mining big comeback and profitable all over the world from America to South Africa to Europe call my name is a boom and it's such much more better for climate change instead of burning a cleaner better fuel made in America that was a bad idea the good idea is to import oil at $100 a barrel instead of paying $50 a barrel what a brilliant brilliant American government and President we have and a brilliant Democratic party that is driving us to homelessness starvation and bankruptcy

  2. This guy Tom is all hype. Lets not buy fuel from other countries let the American citizens buy from all our in country companies that are hiking up the cost of fuel to give them all our money . And it's not there fault they are raising the fuel cost at the pumps . They need a few more billion dollars to buy a yacht. And Tom wants us to blame their price hikes on the president. As if we do not know what the United States of America's fuel industry is suffering from getting all that extra cash they are stealing from our pockets.

  3. . After OPEC refuses to increase output- sil refineries are ramping up processing activity to the highest levels since the pandemic to cash in on the higher prices not to lower the price at the gas pump. U.S. sanctions on Russia have backfired and the consumers are the one's who are paying the price for the U.S. and EU bad policies.
    Russian oil shipments hit record high. Nearly 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are currently in tankers at sea, according to data from energy analytics firm Vortexa, as cited by Reuters. Most barrels of Russian crude oil have reportedly headed to Asia, mostly to India and China, while volumes headed to Europe have also increased.

  4. Inflation, essentially price gouging by unscrupulous corporate players (food giants, pharma, gas co’s) aggressively capitalizing on interim price/supply imbalances as the economy turns will be reined in in due course.

  5. We all know the real blame is egotistical rich business owners raising prices five times higher than inflation to make big money .It's all going to come back at them in a very negative way .Besides them treating customers , employees like garbage !

  6. .. as a German Biologist – this is a weird Paradoxx – what ever we intend to do – is reverted into the Opposite – sort of Impulse Conservation… we wanted to do more seriously about “Climate” – and now do the opposite – making it much worse… we wanted to have world Peace – and start the final World War…. Nature does not like Humans… most Humans HATE Nature …

  7. You’re comparing minimum wage to the ability to afford oil/gas. What a joke. There’s more than That people have to pay for and minimum wage CAN’T do it

  8. Gas prices and more…..big corporations need to rethink their profit margins. Hmmm….pharmaceutical companies, gas companies…..grocery goods. Fixed income citizens are being driven to the edge financially. The President can ask for companies to scale prices back but this is a free Country so they can ignore the request. Not much empathy from those making millions. They probably need another airplane, another house in the Bahamas, couple more Rolls Royces……..Gee why care about your Countrymen!

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