Tag: Shell USA

What’s in Store for VA Disability Benefits with New Office of Management and Budget Chief?

Tina Marie (Ms. Cat)

What’s in Store for VA Disability Benefits with New Office of Management and Budget Chief?

Vought, confirmed Thursday in a 53-47 Senate vote, spearheaded a 2023 report by the Center for Renewing America think tank that called for reducing VA disability compensation for veterans who reach Social Security retirement age and eliminating unemployability benefits for these veterans as well.

The report also proposed cutting disability compensation to veterans with ratings lower than 30% and dropping disability compensation for veterans whose health conditions aren’t directly related to military duty.

Read More »

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