US refinery capacity at maximum.

[spin_dry]

Nothing left to give. So how is more oil from Saudi Arabia going to bring the price down? 
 

https://www.reuters.com/markets/commodities/white-house-demands-us-refiners-make-more-gasoline-diesel-2022-06-16/

[Doug]

LOL

What happen in 2020?  The Biden administration came in and said his administration was going to reduce the use of fossil fuels.  Ok as a oil refinery what are you going to do?  Hint here Joe.....reduce your capacity.  And now Joe wants an investigation on why refineries have reduced capacity.  

Really Joe you have to ask.

[ICG]

More crude oil on the market should  begin softening oil prices...   retailn priced  should trickle down

[f7ben]

3 minutes ago, Doug said:

LOL

What happen in 2020?  The Biden administration came in and said his administration was going to reduce the use of fossil fuels.  Ok as a oil refinery what are you going to do?  Hint here Joe.....reduce your capacity.  And now Joe wants an investigation on why refineries have reduced capacity.  

Really Joe you have to ask.

Name one refinery that was operating under Trump that isn’t operating at full capacity right now due to Biden. Just one anywhere in the country.

[Doug]

6 minutes ago, f7ben said:

Name one refinery that was operating under Trump that isn’t operating at full capacity right now due to Biden. Just one anywhere in the country.

Why is Joe asking the question why refineries have dropped production since 2020.  Its Biden that's asking the question. 

You say they haven't and Biden's wonder why they did.

Who's right between you two.

[f7ben]

3 minutes ago, Doug said:

Why is Joe asking the question why refineries have dropped production since 2020.  Its Biden that's asking the question. 

You say they haven't and Biden's wonder why they did.

Who's right between you two.

I’m assuming Biden is full of shit. They are refining every gallon they can. I mean we did just have the worst recession in US history where crude prices were negative.   Are they still ramping up? 

Edited June 22, 2022 by f7ben

[BOHICA]

Refineries age and become unreliable.  If oil companies don’t invest in up keep to them they fall into disrepair snd explode like they do frequently.

gov has nothing to do with refining capacity.  That is 100% private for profit businesses that control that.

[f7ben]

4 minutes ago, BOHICA said:

Refineries age and become unreliable.  If oil companies don’t invest in up keep to them they fall into disrepair snd explode like they do frequently.

gov has nothing to do with refining capacity.  That is 100% private for profit businesses that control that.

If oil companies don’t invest in upkeep then they will not be in business much longer. 

[BOHICA]

3 minutes ago, f7ben said:

If oil companies don’t invest in upkeep then they will not be in business much longer. 

They are starting to invest into green sector.  They are sticking more capital into long term ventures instead of short lived adventures like refineries

 

https://insideevs.com/news/582885/abb-shell-global-framework-agreement-charging/amp/

Shell is working on having 2.5 million EV global chargers by 2030.

for reference Tesla has around 30,000 global chargers

 

[f7ben]

Just now, BOHICA said:

They are starting to invest into green sector.  They are sticking more capital into long term ventures instead of short lived adventures like refineries

 

https://insideevs.com/news/582885/abb-shell-global-framework-agreement-charging/amp/

Shell is working on having 2.5 million EV global chargers by 2030.

for reference Tesla has around 30,000 global chargers

 

That’s good 

[spin_dry]

It’s doubtful to happen, but ideally one additional refinery ought to be built in the US. It would serve to move america forward as EVs become more widespread and help prevent price shocks. But that would require an actual energy plan. Something that hasn’t happened in this country for decades. 

[SeaShark]

10 hours ago, f7ben said:

Name one refinery that was operating under Trump that isn’t operating at full capacity right now due to Biden. Just one anywhere in the country.

There are two listed in the article.

[Jimmy Snacks]

7 minutes ago, SeaShark said:

There are two listed in the article.

U.S. refineries are already running at close to their theoretical maximum so there is limited ability to squeeze more fuel from the current system.

If the system was run very hot, it could potentially reduce unused crude processing capacity to 600,000 bpd (5th percentile) or even 400,000 bpd (98th percentile) but that would be difficult to sustain.

Extra processing would yield no more than 600,000 bpd of products, roughly split between light distillates such as gasoline (400,000 bpd) and middle distillates such as diesel and jet fuel (200,000 bpd), and probably less.

 

 

But around two thirds of the total is attributable to the closure of three refineries:

• Philadelphia Energy Solutions closed its refinery in Pennsylvania (335,000 bpd) after an explosion and the operator went bankrupt.
• Marathon is converting the Martinez refinery in California (161,000 bpd) into a biofuels facility as part of California's energy transition programme.
• Shell closed the Convent refinery in Louisiana (240,000 bpd) as part of its strategy for transitioning to a low-carbon future and when it failed to find another buyer.

Edited June 22, 2022 by Jimmy Snacks

[racer254]

I just love articles like this.  The biden supporters eat it up and the rest of the people just ask...."WHY DID THEY PUBLISH AN ARTICLE LIKE THIS?"

So biden supporters, ask yourself that very question......and you may come up with the truth.

It's called PROPAGANDA designed to sway the public.

Edited June 22, 2022 by racer254

[racer254]

 

[Jimmy Snacks]

1 minute ago, racer254 said:

I just love articles like this.  The biden supporters eat it up and the rest of the people just ask...."WHY DID THEY PUBLISH AN ARTICLE LIKE THIS?"

So biden supporters, ask yourself that very question......and you may come up with the truth.

It's called PROPAGANDA designed to sway the public.

Oh…so you have information and facts to dispute what this article says about refinery capacity in this country…let’s hear it.

[racer254]

5 minutes ago, Jimmy Snacks said:

Oh…so you have information and facts to dispute what this article says about refinery capacity in this country…let’s hear it.

Jimmy, you believe what you are told by the admin.  It's what you want, don't deny it.

[racer254]

9 minutes ago, Jimmy Snacks said:

Oh…so you have information and facts to dispute what this article says about refinery capacity in this country…let’s hear it.

Do you understand why this happened?  The administration is causing this.

But around two thirds of the total is attributable to the closure of three refineries:

• Philadelphia Energy Solutions closed its refinery in Pennsylvania (335,000 bpd) after an explosion and the operator went bankrupt.
• Marathon is converting the Martinez refinery in California (161,000 bpd) into a biofuels facility as part of California's energy transition programme.
• Shell closed the Convent refinery in Louisiana (240,000 bpd) as part of its strategy for transitioning to a low-carbon future and when it failed to find another buyer.

Even before the pandemic, many refiners were reluctant to replace obsolescent or damaged equipment let alone increase capacity because the prospective transition to more electric vehicles would reduce fuel demand.

[Jimmy Snacks]

10 minutes ago, racer254 said:

Do you understand why this happened?  The administration is causing this.

But around two thirds of the total is attributable to the closure of three refineries:

• Philadelphia Energy Solutions closed its refinery in Pennsylvania (335,000 bpd) after an explosion and the operator went bankrupt.
• Marathon is converting the Martinez refinery in California (161,000 bpd) into a biofuels facility as part of California's energy transition programme.
• Shell closed the Convent refinery in Louisiana (240,000 bpd) as part of its strategy for transitioning to a low-carbon future and when it failed to find another buyer.

Even before the pandemic, many refiners were reluctant to replace obsolescent or damaged equipment let alone increase capacity because the prospective transition to more electric vehicles would reduce fuel demand.

The transition to EV’s is inevitable at some point and Biden will be gone in 24 so those assertions ring hollow. The oil industry in general has obviously been volatile for more than few years which has led to the lack of capital investment and exploration in general. BTW the oil companies are making record profits so why would they do anything to lower gas prices?

[Jimmy Snacks]

26 minutes ago, racer254 said:

Jimmy, you believe what you are told by the admin.  It's what you want, don't deny it.

I quoted from the same article that you did…take it up with Reuters.

BTW Granholm was our Governor and she sucked so her lack of a coherent energy policy is no surprise not to mention she’s Canadian! 🤣

Edited June 22, 2022 by Jimmy Snacks

[Highmark]

12 hours ago, spin_dry said:

Nothing left to give. So how is more oil from Saudi Arabia going to bring the price down? 
 

https://www.reuters.com/markets/commodities/white-house-demands-us-refiners-make-more-gasoline-diesel-2022-06-16/

Because their inputs go down.  Only a part of it but it matters significantly.  

Edited June 22, 2022 by Highmark

[BOHICA]

51 minutes ago, racer254 said:

Do you understand why this happened?  The administration is causing this.

But around two thirds of the total is attributable to the closure of three refineries:

• Philadelphia Energy Solutions closed its refinery in Pennsylvania (335,000 bpd) after an explosion and the operator went bankrupt.
• Marathon is converting the Martinez refinery in California (161,000 bpd) into a biofuels facility as part of California's energy transition programme.
• Shell closed the Convent refinery in Louisiana (240,000 bpd) as part of its strategy for transitioning to a low-carbon future and when it failed to find another buyer.

Even before the pandemic, many refiners were reluctant to replace obsolescent or damaged equipment let alone increase capacity because the prospective transition to more electric vehicles would reduce fuel demand.

Trump was president before the pandemic.  Why didn’t he build more refineries?

[Doug]

18 minutes ago, BOHICA said:

Trump was president before the pandemic.  Why didn’t he build more refineries?

Remember as Biden says the government has no control over oil companies.  Of course Chuck Schumer said they did in 2018. 

Nice cohesiveness amongst the administration there.

If your hidden agenda is to reduce fossil fuel what better way to do it than to watch prices of fossil fuel go to record highs.  You have the oil companies as your escape goat blaming them for high prices and this makes renewable energy look more cost effective with the government subsidies your giving them.

Edited June 22, 2022 by Doug

[BOHICA]

12 minutes ago, Doug said:

Remember as Biden says the government has no control over oil companies.  Of course Chuck Schumer said they did in 2018. 

Nice cohesiveness amongst the administration there.

If your hidden agenda is to reduce fossil fuel what better way to do it than to watch prices of fossil fuel go to record highs.  You have the oil companies as your escape goat blaming them for high prices and this makes renewable energy look more cost effective with the government subsidies your giving them.

Nice story.  Why did Trump build refineries?  4 years as president an not a single refinery built but some closed

[Mag6240]

3 minutes ago, Doug said:

Remember as Biden says the government has no control over oil companies.  Of course Chuck Schumer said they did in 2018. 

Nice cohesiveness amongst the administration there.

If your hidden agenda is to reduce fossil fuel what better way to do it than to watch prices of fossil fuel go to record highs.  You have the oil companies as your escape goat blaming them for high prices and this makes renewable energy look more cost effective with the government subsidies your giving them.

Exactly - except its not a hidden agenda, it was thrown in our faces at every debate and campaign stop.

I'm not against alternative energy sources, they have their place.  But clearly, we are not yet ready to shift to all green energy sources everywhere.  As was noted earlier in this thread, a plan might be a great idea, something that transitions more smoothly, rather than just taking away, or removing the incentive for one source, before the other is ready to replace what the masses currently use and need.