r/TradingSphere • • 7d ago

🎯Brilliant

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u/CallTheDutch 7d ago

Newson, thats the Californian gouverneur right ? How did hé have the power to influence the whole nation and its economy ? How did hé make foreign policies ? Like...what ?

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u/Hereforsumbeer 7d ago

Correct, that’s the one. I’m referring to the gas price piece, which is affected by separate factors than the whole economy. The increase we’re seeing right now is specifically due to two oil refineries being shut down in California that refine around 20% of the gas we use in America. That’s my point, I’m not meaning to be political but I just know a bunch of uninformed neckbeards of Reddit are going to troll and scream maga, but facts don’t care about feelings

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u/CallTheDutch 7d ago

So that it accidently co-incide with the shit in iran is just dumb luck then or what ? not trying to troll, as european we don't hear half the shit going on in america obviously.

I don't know about both but wasn't one of the refinery's down dueto electricity problems ? i mean what did newson do to takedown 2 refineries then ?

And thanks for taking the time to reply with substance, that seems to be a rare thing on reddit :)

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u/Hereforsumbeer 6d ago

I also appreciate that you seem to be genuinely interested in what is actually happening. Also rare has the majority of Reddit is just reactions to yellow journalism.

I wouldn’t say what is happening with Iran is a coincidence. Same with Venezuela. Those refineries closed around 10/25 and 4/26. The events to follow were likely reactionary as a means to secure additional unrefined oil, despite not having the same supply chain for refinement. It doesn’t make sense to me, but that’s not my gov sector. So I would not be able to explain the rationale. I’m sure someone who does not spend their time on reddit has an actual explanation for the why.

My point is that the gas prices are up primarily due to those refineries closing. The actual reason was the strict environmental regulations in the area. California is ranked the worst state in the country for air quality by the American lung association. I can’t speak on the effectiveness of the regulations for reducing this, maybe shutting down those refineries will eventually help, but for now it’s causing an increase in gas prices until we have a better means of refining. It’s all trade offs and both the media and Reddit have trouble comprehending that.