Tag: energy prices

ROK and the US – Words and Facts

Tina Marie (Ms. Cat)

After the text about the President of the ROK at the NATO summit was published, part of the audience questioned whether the ROK, despite its loyalist statements, was in fact in no particular hurry to do Washington’s bidding. This question is best answered by a combination of words and facts.

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In another important development, on July 20 Minister of Science and ICT Lee Jong-ho openly stated that South Korea should be cautious when deciding whether to join the US Chip 4 or Fab 4 technology alliance initiative, as the potential implications could affect not only the country’s semiconductor industry, but also the economy as a whole. The framework, which in addition to the US and the ROK also includes Taiwan and Japan, is designed to counter China’s growing influence in global supply chains for advanced high-tech products, as well as to increase American production capacity and capabilities in this area.

ROK and the US – Words and Facts

H/T: THE NEW DARK AGE

Previously:

South Korea’s new president playing dangerous game with Pyongyang

Rep. Massie Tears Apart Buttigieg’s Argument That Electric Cars Would Save Americans Money

Tina Marie (Ms. Cat)1 Comment

“The more pain we are all experiencing from the high price of gas, the more benefit there is for those who can access afford electric vehicles,” [Pete] Buttigieg

Rep. Massie Tears Apart Buttigieg’s Argument That Electric Cars Would Save Americans Money

Related:

Pete Buttigieg says ‘pain’ of high gas prices increases ‘benefit’ for electric car owners — and then denies he said it

Pete Buttigieg smugly says OUR pain at the pump is THEIR gain with electric vehicles and pisses EVERYONE off – even the Left (watch)

Spanish lawmaker: NATO subordinates Europe to US, pushes war on China, enriches weapons companies

Tina Marie (Ms. Cat)

Spain’s leftist member of parliament Gerardo Pisarello said the NATO summit was organized to “enrichen the weapons trade” and “reinforce the geostrategic priorities of the United States … above all to weaken China.” He condemned US “vassalage,” calling for a new “autonomous” European security model based on respect for the Global South.

Spanish lawmaker: NATO subordinates Europe to US, pushes war on China, enriches weapons companies

Domestic Crude Oil Peaked at $145 a Barrel in 2008. It Closed Yesterday at $118.50. So Why Is Gas at the Pump at All-Time Highs?

Tina Marie (Ms. Cat)

Domestic Crude Oil Peaked at $145 a Barrel in 2008. It Closed Yesterday at $118.50. So Why Is Gas at the Pump at All-Time Highs?

Part of that, as the above stories illustrate, is just plain ole price gouging. But the big picture is more complicated than that. According to the EIA, in addition to the 61 percent of the price of a gallon of gas that comes from the cost of crude oil, the other 39 percent shakes out as follows: the costs of refinement (14 percent), distribution and marketing (11 percent), and taxes (14 percent).

And refining* looks to be a particular problem right now. The EIA reports that as of January 1, 1982, the U.S. had 301 refineries in operation. That compares to just 129 in operation as of January 1, 2021.

Related:

*Chevron CEO says there may never be another oil refinery built in the U.S.

Previously:

More Oil From U.S. Strategic Petroleum Reserve Heads To Europe