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Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
Eh, it can all be turned into the same things. It’s just at what cost and at what rate.
Where can you see what they’re buying?
Telemark
5 year old buck +
That is just not correct. In fact, it makes no sense.
When feedstock is so different in makeup, the resulting products are going to be very different.
It's like saying orange juice and maple sap are the same thing because they both contain sugar and water.
Have you ever heard of catalyst? Cat cracking, hydrotreating, hydrofining, reforming, alkylation?
I know a good chemical engineer in a world scale petrochemical complex. I’ll ask him. ;)
In your example, if the goal is to produce only sugar and water, I’d argue they are ssimilar enough. All that matters is the relative amounts of sugar and water that will be produced and the difficulty/cost to produce them. But for a few reasons it’s a bad example. In refining, the sugar can be turned into water, at some cost.
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BenA
5 year old buck +
I hear you, but those things mean a lot to the companies refining them. My guess is these refineries that have coker units and setups that are built out for refining that type probably welcome it.
It’s semantics. Oil is oil, but when it comes to profitability of different configurations and kit, it’s definitely different.
BenA
5 year old buck +
That's what I was getting at.
Telemark
5 year old buck +
Yes.
Please do.
Right, but the goal is certainly not to produce only sugar and water when we're talking about a 100 million barrel per day industry. Do you see how that works? Also, who the hell would turn sugar into water if 90% of the feedstock is water?
I don't mean to be rude, but I think you don't understand petroleum at even a basic level.
Telemark
5 year old buck +
No. You are wrong.
What products are you thinking of (regardless of yield) can be made from sour crude that can’t be made from WTI?
Maybe I’m misunderstanding your point here. I didn’t mean to insult you, but the breakfast analogy threw me off.
I’ll say this and bow out: my point was just that you don’t get diesel from one crude and naphtha from another and asphalt from another.
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PatinPA
5 year old buck +
I follow two on Instagram. Politiciantradetracker although they've been pretty delayed lately. I think they're trying to cash in on subscriptions to their autopilot app. And Tradewithcongress. They're kind of a copycat but are still trying to get out there so they put stuff out much quicker I think. Some of them are too late when they announce and are already up 50% or more. Those I don't copy but the ones that are up just a little I'll jump on. Especially when it's related to a committee they're on. They haven't all been winners but the majority are.
PatinPA
5 year old buck +
Autotradetracker and Tradewithcongress are two that I follow but I think it's all public. Not sure where you can find the actual information. Very few politicians actually file by when they're supposed to because it's a stupidly miniscule fine. Something like $300.
There are a few on youtube too but I don't actively follow them. There are others like CEOwatchlist that tracks big corporations buys too. I've had less luck with these but I think they're more likely to be longer term investments than the get rich quick ones.
buckvelvet
5 year old buck +
SD is back to planning a vacation, LOL!We are back!
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BuckSutherland
5 year old buck +
Silver takes out $81. Just keeps running.... Wish I could have found a lot more physical back at $42 in September.
Telemark
5 year old buck +
Maybe I explained it poorly, but my main point is that you can't swap different types of crude oil in refineries. If your refinery is designed for heavy sour crude, you can just put light sweet crude through it and expect the same results. Yes you can get naphtha, gasoline, and diesel from either, but the processes are different. The entire process needs to be specific to the type of crude you're refining in order for them to run efficiently and therefor profitably. US refineries are designed mostly for Venezuelan crude(and other heavy sour crude, of course). The light sweet crude being produced in the US now is a problem for most US refineries. This mismatch can cause prices of products like diesel to go up.
Now, all that is NOT to say there are just two types of crude, and refineries take one or the other. Most refineries do well on a blend.
Because we already produce so much light sweet crude, importing a large amount of heavy sour crude, probably at a discount, would most likely allow US refineries to greatly increase production of products like diesel, bringing the cost down, and potentially easing domestic inflation to a degree, while making US made products cheaper, all while increasing the demand for US light sweet. Cheap energy is great for our economy, especially if we are producing it.
Increased fuel production also means increased fuel exports. This helps to ease our trade deficit and increase our influence over countries like China, who are net energy importers.
If Trump can increase flow of Venezuelan crude to US refineries while abandoning some of some of the harmful tariffs he imposed, he will probably be able to lower inflation and kick off a boom in the US economy and global status.
hunts_with_stick
5 year old buck +
It will be interesting to see what happens in the market today. Been on a good run the last few days.
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