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re: Bloomberg Piece: The Real Reason Gas Is So Expensive? The US Needs More Refineries
Posted on 7/13/22 at 3:11 pm to TchoupitoulasTiger
Posted on 7/13/22 at 3:11 pm to TchoupitoulasTiger
quote:
Basically everyone in the oilfield votes Rep. but knows that the boom times occur under Dem. administrations.
Same thing in the gun industry
0
Posted on 7/13/22 at 3:12 pm to TchoupitoulasTiger
quote:
I don’t think I’ve ever met someone who worked in the oilfield that was a member of a union.
Maybe not the oilfield but in refineries!
Posted on 7/13/22 at 3:19 pm to Klark Kent
quote:
with profit margins so large, oil companies should be able to recoup the costs of a new refinery in a year.
Yep.
Unfortunately, it'll take 10 years just to get through the permitting process.
Posted on 7/13/22 at 3:20 pm to Hurricane Mike
quote:
We have the same amount of refineries we had in 2020
No, we don’t.
In addition to the 240,000 bpd Shell, Convent refinery that shut down in late November 2020, the 255,000 P66 Alliance refinery closed shop in Belle Chasse in November 2021.
That’s half a million bpd just between those two sites.
Add in the 265,000 bpd LyondellBasell refinery in Houston that is shutting down in December 2023, and you are looking at a decrease of almost a million barrels of oil per day being refined just between those three sites over the span of 36 months.
Posted on 7/13/22 at 3:31 pm to Cheese Grits
quote:
While they claim 1977 as the last "new" refinery I think that was actually an upgrade of an existing facility and not technically "new". I think the last true oil refinery in the USA was built before World War II.
No, the Marathon plant in Garyville was pretty much the last ground-up construction, and it began operation in 1976:
The Garyville Refinery is the 3rd largest American oil refinery with a nameplate capacity of 556,000 barrels per day (88,400 m3/d). The refinery is owned and operated by Marathon Petroleum Corporation. It is located in southeastern Louisiana between New Orleans and Baton Rouge on U.S. Route 61 in Garyville, Louisiana. The facility is the newest major grassroots refinery built in the United States, located on 3,500 acres of land adjacent to the Mississippi River. The refinery is on the former San Francisco Plantation property, which was designated a National Historic Landmark in 1974.
Construction began in 1973 by ECOL, Ltd. Construction was completed in 1976, and the refinery was purchased by Marathon Oil Company. Since then, the refinery has been expanded on multiple occasions, most recently with the $3.9 billion Garyville Major Expansion (GME) Project, completed in 2009. This, along with subsequent debottlenecking, increased capacity by 234,000 barrels per day (37,200 m3/d).
- wiki
Posted on 7/13/22 at 3:32 pm to dewster
quote:
Joe Biden's legacy
I think that's already FUBAR
Posted on 7/13/22 at 4:01 pm to Bout_Dat_Lyfe
quote:
Why is Bloomberg telling the truth for once? It's usually unadulterated propaganda from them...
Biden's usefulness to the establishment is over. That's why.
Posted on 7/13/22 at 4:10 pm to WildTchoupitoulas
Thank you for that info, so 1976 would have been the Jimmy Carter era and no new refinery since? How many have shut down since Carter was in office? I have a feeling the gap has gotten worse since the 70's, not better.
FWIW, nuclear is in the same boat. All those old nuclear facilities are nearing the end of their life expectancies and no new being built to replace them. Wouldnotwantto be futility customer on the East or West coast in the next 10 to 20 years.
FWIW, nuclear is in the same boat. All those old nuclear facilities are nearing the end of their life expectancies and no new being built to replace them. Wouldnotwantto be futility customer on the East or West coast in the next 10 to 20 years.
Posted on 7/13/22 at 4:29 pm to ragincajun03
Keep voting for morons like Trump and you will keep getting morons like Biden. Y'all have done it to yourselves.
Posted on 7/13/22 at 4:31 pm to moon
this is just pathetic 
Posted on 7/13/22 at 4:33 pm to moon
because hillary was just a fantastic choice
Posted on 7/13/22 at 4:41 pm to Deactived
in this version of reality that moon lives in, who would the Dems have ran in 2020 if Ted Cruz or Marco Rubio would’ve won in 2016?
Buttplug?
Kamala?
Bernie?
Buttplug?
Kamala?
Bernie?
Posted on 7/13/22 at 4:48 pm to Bout_Dat_Lyfe
quote:
Why is Bloomberg telling the truth for once? It's usually unadulterated propaganda from them...
Like all the other “news” outlets and publications getting their marching orders that Biden is radioactive
Posted on 7/13/22 at 4:56 pm to ragincajun03
Oil companies don’t need more refineries they have enough even the CEO of BP has admitted to that but it’s not what their share holders want. These oil companies have had a virtual monopoly over the industry for decades now and so many here are falling in line with whatever the oil companies say cause they can own the libs
Posted on 7/13/22 at 4:58 pm to moon
quote:
Keep voting for morons like Trump and you will keep getting morons like Biden. Y'all have done it to yourselves.
Exactly..
I mean in 2016 I didn't even go vote because my option was Trump or Clinton. WTF are you supposed to do with that?
Then this last time.. fricking Trump and Biden. I wasn't voting for Trump. I would not go vote before voting for Trump. A known con artist was able to con half the country into voting for him.
And his loyalist will only deny it, but with all of the information (im sure its fake news) that has come out about him and his durings leading up to Jan 6 and on Jan 6. Anyone who really thinks he is a "true patriot" is a fricking moron.
Well, maybe not all of them. Some people just can't admit they were wrong, but there are people who believe that man was the best thing ever and anything bad said about him is fake news and its one big conspiracy to get rid of him. But people are are falling for the tatics of both parties which is leading to people futher end to their side to be elected.
Posted on 7/13/22 at 5:01 pm to OweO
quote:We know. You post so many 20 paragraph diatribes about it.
I wasn't voting for Trump. I would not go vote before voting for Trump.
But you did vote and voted for Biden.
Great pick there, friend.
This post was edited on 7/13/22 at 5:02 pm
Posted on 7/13/22 at 5:07 pm to SlimTigerSlap
quote:You're screaming into the void here, but you're right. The price of oil/gas is incredibly high all over the world. I guess Biden is to blame for the other countries, too.
Happened under two US Presidents at home and abroad, but puppets cry Biden. People + politics is a shameful mixture.
Posted on 7/13/22 at 5:11 pm to Grit-Eating Shin
quote:No, Biden is to blame for spending two years doing nothing and, in the case of oil/gas, actively working to make it worse.
The price of oil/gas is incredibly high all over the world. I guess Biden is to blame for the other countries, too.
No one should give a shite about what other countries’ leaders are doing.
I only care about how Biden’s administration is affecting our country and is working to make only our country better.
They didn’t even attempt to get out in front of any of this and actively demonized the petroleum industry politically, socially, and economically.
Why would any industry work with the Biden Administration when his energy secretary stated that they wanted the oil industry to work with getting prices down, but she couldn’t say whether they would even want the oil industry around in 5 years.
They fricked up and do not deserve any defending.
This post was edited on 7/13/22 at 5:13 pm
Posted on 7/13/22 at 5:15 pm to Grit-Eating Shin
quote:
The price of oil/gas is incredibly high all over the world. I guess Biden is to blame for the other countries, too.
The lunatic green policy in the developed world disincentivizes capital outlay that would increase supply. Biden rolled back every initiative Trump took to incentivize production Day One. So yes, he is to blame for propagating that idiocy as a senator, Vice President, and now president. He’s the current head of the snake that is driving this idiocy
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