Dow falls 500 points, Treasury yields jump after strong inflation data: Live updates

Now, let’s converse with members in this thread who have a good head on their shoulders.

In Jan 2021, Biden INHERITED a refining capacity of 18.1 million barrels per day. Same month, we were producing 11.1 million barrels per day. Source; EIA

In Feb 2021, we were producing 9.9 million barrels per day, thus, down 1.2 million barrels per day.

Anticipated answer from above average intelligent members; TEXAS DEEP FREEZE

In Mar 2021, and due to TDF, our refineries were still struggling to raise their utilization rate.

First week/Second/Third/Fourth, Feb 2021
From 83% to 56%

March 2021, from 69% to 84%

April 2021, from 84% to 85.4%

May 2021, from 86.1% to 87%

June 2021, from 91% to 92.9%…back to a normal rate

Next; Hurricane IDA