Tag Archives: Delta Airlines

Delta Owns An Oil Refinery!?!?

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On Monday, Hot Air posted an article about the current energy problems in America (and worldwide).

The article quotes The Washington Post:

The country is down to 25 days of diesel supply with stockpiles at their lowest level for this time of year in records going back to 1993. In the Northeast, where more people burn fuel for home heating than anywhere else in the country, inventories are a third of their typical levels heading into winter. National Economic Council Director Brian Deese called the levels “unacceptably low.” By late October, diesel prices had risen for more than two weeks to 50% above where they were a year ago.

The Wall Street Journal reports:

The Biden administration has leased fewer acres for oil-and-gas drilling offshore and on federal land than any other administration in its early stages dating back to the end of World War II, according to a Wall Street Journal analysis.

The article includes the following chart:

The article at Hot Air reports:

Where does Delta come into all this, after the commodities and doom and gloom lecture? That’s kind of interesting, too. At the top of the post, where I linked to those three PA refineries being closed in 2012? One of them was the Trainer facility, and it was given an EPA reprieve, of all things. CONOCO-Phillips still wanted to unload it, and Delta Airlines bought it as a hedge against oil prices and jet fuel shortages. They lost their butt owning it for years – as a small refinery fighting the EPA mandates tooth and nail didn’t help – and repeatedly tried to unload it, but, HEY! There’s been a sudden turnaround. Things are looking rosy and they are looking prescient. From April:

Delta will see a benefit of 20 cents per gallon of jet fuel from its refinery, which acts as a hedge against the spike in fuel. In particular, the refinery supplies fuel for Delta’s York operations, but Chief Financial Officer Daniel Janki said Monroe Energy’s output acts as a 40-50 percent fuel hedge across Delta’s network. In the first quarter, the refinery knocked about 7 cents off each gallon of jet fuel Delta consumed.

When Delta first bought the Trainer, Pa., refinery from Conoco Philips — now Philips 66 — in 2012, analyst opinions were mixed. Some argued it was a stroke of genius on the airline’s part, while others said it was too far afield from Delta’s core operations to make sense for an airline with no experience in selling or marketing petroleum products. The years since have been up and down for the refinery but now, with oil prices spiraling up in the wake of the Ukraine war, the refinery is proving its worth.

The refinery generated $1.2 billion in revenue in the first quarter, compared with $48 million in the same quarter in 2019, Delta said in its first-quarter results. About 80 percent of its output is diesel and gasoline, prices of which have surged. “Our Monroe refinery provides a unique benefit, acting as a partial hedge to elevated cracks,” Janki said. “This is especially true with New York Harbor Jet cracks, where our production at Monroe provides 100 percent offset.”

It really is time to rediscover American energy independence!

 

More Good News

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Last night The Conservative Treehouse reported the following:

Following a federal judge vacating the federal mask mandate on transportation, the TSA responded, “TSA (Transportation Security Administration) will not enforce its Security Directives and Emergency Amendment requiring mask use on public transportation and transportation hubs at this time.”

Within hours, various airlines began notifying customers the mask mandate is gone:

♦ American Airlines – “In accordance with the Transportation Security Administration no longer enforcing the federal face mask mandate, face masks will no longer be required for our customers and team members at U.S. airports and on domestic flights.” (link)

♦ Southwest Airlines – “As a result of this development, effectively immediately, Southwest Employees and Customers will be able to choose whether they would like to wear a mask, and we encourage individuals to make the best decision to support their personal wellbeing.” (link)

♦ Delta Airlines – “Effective immediately, masks are optional for all airport employees, crew members and customers inside U.S. airports and on board all aircraft domestically, as well as on most international flights.” (link)

♦ Alaska Airlines – “Effective immediately, all Alaska Airlines and Horizon Air guests and employees have the option to wear a mask while traveling in the U.S. and at work. Masks are no longer required for travel and will be optional.” (link)

♦ United Airlines – No press release. “Masks are no longer required on domestic flights, select international flights (dependent upon the arrival country’s requirements) or at U.S. airports. More comfortable keeping yours on? Go right ahead… the choice is yours (you look dino-mite either way)!” ~Twitter

The article concludes:

Additionally, with all the major carriers and the TSA making official statements, it would be almost impossible to reinstate the mask mandate now.

It’s over.

Now let’s see a court ruling on vaccine mandates. They also need to end.

Rules For Thee, But Not For Me

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Yesterday Just the News posted an article about the double standard that seems to be rampant in the ‘woke’ culture. Obviously voting is one of the most important things we do as American citizens. We all want every legal vote to count. We also are aware that every illegal vote cancels out a legal vote. Therefore it makes sense to protect the voting process. Well, the woke culture got very upset recently when Georgia passed a law to do just that. However, there is a bit of inconsistency in the actions of those protesting the law.

The article notes:

Leaders of major corporations have come out swinging against a Georgia election reform law with an ID requirement for absentee ballots — even though those same companies require valid photo ID to access the services their companies provide.

After Georgia Republican Governor Brian Kemp on March 25 signed into law the bill passed by the state’s Republican legislature, heads of corporations headquartered in the Peach State – including the leaders of Delta Airlines and Coca-Cola — came out against the law, which is fervently opposed by national and state Democratic leaders.

Democratic messaging against the law centers around the allegedly racially discriminatory implications of requiring valid voter ID in order to vote by mail. President Joe Biden blasted the law as an “atrocity,” likening it to “Jim Crow in the 21st century.” Seventy-two black executives, meanwhile, signed an open letter calling on their corporate brethren to stand up to the Georgia voting law’s “un-American” “assault” on the “fundamental tenets of our democracy.”

The article notes:

But if you want to hop a Delta flight to Atlanta — or anywhere else — you will need to show unexpired, government-issued ID to board any of the carrier’s flights.

Coca-Cola CEO James Quincey told CNBC last week that Georgia’s new law is “unacceptable” and “a step backwards.”

However, Coca-Cola required a valid photo ID for admission to its annual shareholders meeting last year. “We will verify your registration and request to see your admission ticket and a valid form of photo identification, such as a driver’s license or passport,” said the company in reference to its early 2020 annual meeting of the shareholders.

…But if you want to take in a Major League Baseball game now that many ballparks are once again readmitting fans on a limited basis, you will need a picture ID to pick up tickets from an MLB will call office.

Even Arlington National Cemetery requires valid photo ID for those aged 16 and older who wish to visit the graves of the war heroes buried there. 

UPS, another company headquartered in Georgia that is currently facing tremendous pressure to condemn the bill, requires valid photo ID when entering a UPS Access Point.

It’s interesting to me that Coca-Cola is interesting in validating the votes at its annual shareholders meeting, but not in a national election. Wow.