re: President Trump announces first new U.S. oil refinery in 50 years

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John Bell and Courmouche have the current business climate in Louisiana losing more businesses to Texas.

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John Bel ain’t the Governor anymore. But don’t worry, the current one is good with Carmouche & Co. suing the oil & gas industry as well.

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Or what about his first term?

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you're an absolute tool !!

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refining capacity

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Definitely part of the equation.

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exporting crude because we lack refining capacity

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Serious question because I don’t know. Which is “easier” to ship internationally- crude or finished product like gasoline and diesel?

I love the idea of a new refinery! I have never understood why our nation wasn't completely energy independent until I realized that it was only government intervention and red tape (particularly FERC) that screwed the petroleum, natural gas, and mining industries over.

That being said, is this refinery being built with private funds by one or more companies, or is it being built in part by our federal government? It's not clear in the brief article linked.

Bottom line is that the federal government needs to stay 100% out of building or subsidizing businesses or industry.

1) There is no constitutional authority for the federal gov't to create a business or any part of it

2) (More importantly) Every single time the federal government gets closely involved in anything it has no constitutional authority to touch, they f*** it up by making ridiculous demands of the recipient of their "generosity" in order to keep those funds (which never should have been provided in the first place) coming in. Our public schools and automobile industry are two huge examples of this.

That's the only possible downside I can see in this though, and it hasn't been confirmed that this is the case.

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Another is in planning to be built, outside of Cushing, Oklahoma.

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I’m wondering if this is ever going to happen. It seems like it’s permanently delayed. Last I heard they hadn’t even purchased the land. Construction was originally supposed to start in 2024

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John Bel ain’t the Governor anymore. But don’t worry, the current one is good with Carmouche & Co. suing the oil & gas industry as well

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Hey, dumbass, the suit was the damage and is filed. Damage is done. You fricking moron...drank the coolaide
Stick to topics you actually have some sort of experience in, not the ones you read hit pieces about. Guys like you have NO idea of what they did to the state thru those actions.....none

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Shell was a complete idiot shutting it down instead of just idling it with a skeleton crew till demand got back from Covid.

They had just recently completed a process / pipeline integration project with the Norco facility, then they shut Convent down due to Shell only wanting to retain facilities that were combined refining / chemical complexes. Shell tried to sell it. They talked about converting it to a green / bio facility but backed off. Its being demolished now.

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Shell sacrificed Convent at the altar of Climate Change

They put it on the market for less than 2 months before internally they knew they would shut the site down.

It has cost them several billion to idle and demo, both in direct costs as well as not operating during the Covid recovery which the industry saw record high margins on processing. They could run Venezuela crudes with some adjustments, and with some additional units, likely 100% VZ crude.

Shell said they want to be carbon neutral by 2030 and having refineries and chem plants ain't gonna help make that happen. Europeans are driving this.

They may have been able to build some Green/ bio units if the old CEO was in place long enough, but investors did not like how Exxon and Chevron were making record profits post Covid and Shell (after a number of sell offs and announcement to reduce production) was falling behind. So out with the old CEO, in with the new CEO, but the damage was done.

The best time to build a new refinery was 20-years ago.

The second best time is now.

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the man myth legend who's throwing the midterms to the Democrats you mean?

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You could just not vote democrat.

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All through the "drill baby drill" days, cranky old turds like me were saying that drilling is great, but we're still exporting crude because we lack refining capacity and haven't built a refinery in 50 years.

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We have more than enough refining capacity to meet the needs of the US

The refinery is being built in Brownsville likely for export of products to Mexico and abroad.