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Message
re: President Biden Looks For Ways To Increase U.S. Refining Capacity
Posted on 6/13/22 at 1:13 pm to ragincajun03
Posted on 6/13/22 at 1:13 pm to ragincajun03
Biden: "We're going to get rid of fossil fuels and put big oil out of business"
also Biden: "Hey big oil, can you invest billions of dollars and several years of work to build out some additional refining capacity so we don't get slaughtered in the elections"
also Biden: "Hey big oil, can you invest billions of dollars and several years of work to build out some additional refining capacity so we don't get slaughtered in the elections"
This post was edited on 6/13/22 at 1:13 pm
1
Posted on 6/13/22 at 1:14 pm to ragincajun03
A single piece of legislation solves the new refinery issue. Repeal every law that took the rights of the States away and gave it to fed gov. Some States will quickly approve building new refineries. This isn’t a short term solution but in the future there is no problem.
Posted on 6/13/22 at 1:17 pm to SWCBonfire
quote:
You should be a comedian
Fair point, but it’s at least a suggestion that would work. It’s amazing how fast the government can move if it “really wants to”.
That said, it could also work just like the highway private partnerships, but the funding would be reversed. Government pays someone to build it and fast tracks all paperwork, then leases it over 50 years to get paid back.
Posted on 6/13/22 at 1:22 pm to Broski
quote:
I just don't understand how they think any of this will workout for them in terms of elections.
Elections are the least of their worries. They stole the 2020 presidential election and we the people sat back and took it. The gloves are off now for election fraud.
Posted on 6/13/22 at 1:26 pm to ragincajun03
He could try doing the opposite of everything hes done since becoming "president"
This post was edited on 6/13/22 at 1:27 pm
Posted on 6/13/22 at 1:28 pm to Tiger Prawn
quote:
Biden: "We're going to get rid of fossil fuels and put big oil out of business"
also Biden: "Hey big oil, can you invest billions of dollars and several years of work to build out some additional refining capacity so we don't get slaughtered in the elections"
it's like being governed by a toddler
who is old as shite
how the hell did we get here
Posted on 6/13/22 at 1:32 pm to ragincajun03
quote:
According to White House economic advisor Cecelia Rouse who spoke to CNN in an interview on Friday, the President is looking to see what the administration can do, "whether that's working with oil companies and refineries asking them, 'We recognize your back capacity challenges - what can we do to help you maintain your refining capacity and bring more oil online?'"
Oil industry's response: "It would be really nice if you would just stop kicking us in the balls."
Posted on 6/13/22 at 1:32 pm to ragincajun03
quote:
on the other hand is still claiming industry doesn't "pay its fair share" and is still considering "windfall" taxes as retribution.
On this same hand, Biden has shut down lease sales and permits for future operations beyond what has already been approved.
Definitely not going to convince anyone to build a new refinery.
Posted on 6/13/22 at 1:33 pm to Sao
quote:
I'd like to know why a gallon of clorox bleach costs more than a gallon of gas. Doesn't seem possible but it do.
The energy and chemicals required to make chlorine gas (precursor to bleach) have gone up, A LOT
Posted on 6/13/22 at 1:34 pm to ragincajun03
I don’t know, but maybe issue more permits… 
They have the leases, not the permits…
They have the leases, not the permits…
This post was edited on 6/13/22 at 1:35 pm
Posted on 6/13/22 at 1:38 pm to Hangover Haven
quote:
I don’t know, but maybe issue more permits…
They have the leases, not the permits…
Drill permits don't help refining capacity. I'll agree more oil available in the worldwide market would hopefully help tame the per barrel cost of unrefined crude, but refining capacity is a different issue.
Posted on 6/13/22 at 1:40 pm to ragincajun03
Posted on 6/13/22 at 1:42 pm to Ross
quote:
it's like being governed by a toddler
who is old as shite
how the hell did we get here
We're governed by a guy who spent the last 50 years trying to say what he thinks people want to hear. The guy has no original thoughts, no convictions, no principals. He's a shapeshifter that will say or do literally anything to help his chances in the public eye.
Posted on 6/13/22 at 1:43 pm to Steadyhands
quote:
Biden has shut down lease sales and permits for future operations beyond what has already been approved
Offshore, yes.
Onshore drill permits on Federal Lands are still being approved, and hopefully the June 2022 lease sales continue moving forward, though lawsuits from enviro groups are anticipated.
Recent article and ruling on reconsideration.
LINK
LINK
Posted on 6/13/22 at 1:43 pm to Ross
quote:
it's like being governed by a toddler
This is why younger white women voted for him.
Posted on 6/13/22 at 1:58 pm to ragincajun03
quote:
their products may no longer be needed that far into the future
Wanted is the word they were looking for. I don't want to have to buy gas, but I damned sure know an EV isn't going to cut the mustard for me so I still need gas.
Posted on 6/13/22 at 2:47 pm to ragincajun03
quote:
daunting is the task of building new refineries that a new one hasn't been built in the United States since the '70s.
This is false. Targa built one in Texas that came online in 2019
Posted on 6/13/22 at 2:52 pm to Sao
quote:
I'd like to know why a gallon of clorox bleach costs more than a gallon of gas. Doesn't seem possible but it do.
Because the media convinced the most moderate Americans that the previous administration was evil and they needed to vote for a potato.
Posted on 6/13/22 at 2:54 pm to Gee Grenouille
Short term solution is to get some shuttered refineries back on line.
EIA Report of Refining Capacity
EIA Report of Refining Capacity
quote:
As a result of several U.S. refinery closures in 2020, U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity in the United States, dropped 4.5% to a total of 18.1 million barrels per calendar day (b/cd) at the start of 2021. The end-of-year 2020 total is 0.8 million b/cd less than the 19.0 million b/cd of refining capacity at the start of 2020. According to the data in our annual Refinery Capacity Report, the beginning of 2021 marks the lowest annual capacity figure to start the year since 2015. Based on information reported to us in our recent update, U.S. refining capacity will not expand significantly during 2021.
At the beginning of 2021, 129 refineries were either operating or idle in the United States (excluding U.S. territories), down from 135 operable refineries listed at the beginning of 2020. The additional refinery closures in the 2021 Refinery Capacity Report largely reflect the impact of responses to COVID-19 on the U.S. refining sector.
In 2019, the 335,000 b/cd Philadelphia Energy Solutions (PES) refinery in Philadelphia, Pennsylvania, experienced a major refinery incident. It has not resumed operation since the incident. We listed the facility as idle in the 2020 Refinery Capacity Report because the decision to permanently close the facility was not final. As of January 1, 2021, we considered the refinery to be permanently closed, and it is not included in our 2021 report.
Posted on 6/13/22 at 2:56 pm to deltaland
quote:
This is false. Targa built one in Texas that came online in 2019
Maybe "significant refinery" is what they mean? But I'd agree some clarification and details would be a warm welcome, considering we don't get that from major news media and politicians.
quote:
As of January 1, 2021, there were 129 operable petroleum refineries in the United States.
The newest refinery in the United States is the Targa Resources Corporation's 35,000 barrels per calendar day (b/cd) condensatesplitter in Channelview, Texas, which began operating in 2019. Condensate splitters are distillation units that process condensate,which is lighter than crude oil. Splitter capacity is included as atmospheric distillation units in U.S. Energy InformationAdministration (EIA) data.
However, the newest refinery with significant downstream unit capacity is Marathon's facility in Garyville, Louisiana. That facilitycame online in 1977 with an initial atmospheric distillation unit capacity of 200,000 b/cd, and as of January 1, 2021, it had acapacity of 578,000 b/cd.
LINK
quote:
“We haven’t had a refinery built in the United States since the 1970s,” Chief Executive Officer Mike Wirth said in an interview on Bloomberg TV. “My personal view is there will never be another new refinery built in the United States.”
LINK
I'd find it hard to believe that Chevron would clear its CEO to go out and state something that is flat-out false.
CitizenK knows much more about the refinery side. Maybe he can help shed some light. Upstream and midstream is much more in my personal wheelhouse.
This post was edited on 6/13/22 at 3:00 pm
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