US refinery capacity at maximum.

[toslow]

Our federal government just put a stop to one of the biggest oil producers in Alberta that was looking to expand it pits 

[spin_dry]

13 minutes ago, racer254 said:

It's environmental policies that have stopped the new refineries more than any local push back from communities.   I love how some here want to act like it's the local people/oil companies that don't want the refineries, that just isn't true.  It's the fucking environmental liberals that are constantly pushing against building refineries etc.

Growing environmental restrictions have made obtaining permits for new refining operations from state and federal government agencies increasingly difficult and costly. The inevitable raft of litigation that follows the issuance of any permits also increases the costs and adds to time delays. Many such projects have tried to get off the ground during those intervening 43 years, but the planners of them have all ended up losing what has become a strategic war of attrition.

The flat out lies that get told about this is just amazing.  The left has been pushing against oil for YEARS and that is what is causing the current situation, but they just will not take the blame for this.  It's like saying that keystone isn't getting built because the locals don't want it, that is just plain a lie, it's again caused by the policies of the left that pipelines are not getting built yet these fucks like the one above will flat out lie right to your face to make it seem as though they didn't cause the fucking problem, when in all honestly they are directly the cause.

Have them put one in your back yard. 

[BOHICA]

3 hours ago, racer254 said:

Are you just trying to be incoherent to the pandemic? 

Last time oil was this price, the royalties were 50% less, the last time.....  Why is it that people like to compare "the last time" without comparing the COSTS of last times?  Keep ignoring the fact that we now have supply chain issues and also how this admin has raised the cost of doing EVERYTHING.  Not to mention, the oil companies are also trying to make a profit yet.

Gas and diesel has royalties?  Or is it oil?

 

Refineries are running full tilt and can’t keep up.  Supply and demand.  Plenty of oil available.  They just can’t refine anymore.

[toslow]

Just now, BOHICA said:

Gas and diesel has royalties?  Or is it oil?

 

Refineries are running full tilt and can’t keep up.  Supply and demand.  Plenty of oil available.  They just can’t refine anymore.

Why not?. What’s changed that there’s such a hugh demand now that wasn’t there pre Covid 

[BOHICA]

2 minutes ago, toslow said:

Why not?. What’s changed that there’s such a hugh demand now that wasn’t there pre Covid 

Most of Louisiana 600,000 bpd loss appears to be more hurricane related then anything.  Host of other factors such as profitability and such.  Very little if any profit for oil companies to be had at 3 a gallon or so. 

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/062122-us-refining-capacity-falls-to-lowest-mark-in-8-years-amid-record-prices-eia

North America has lost close to 1.3 million b/d in refining capacity in the last three years, including more than 600,000 b/d in Louisiana, although there have been some modest capacity expansions, such as at ExxonMobil's Baton Rouge Refinery. ExxonMobil is one of the few companies in the US that is investing in refining, with a 250,000 b/d expansion underway at its Beaumont refinery in Texas that is equal to a new refinery. But the pandemic delayed the completion of that project at least until 2023.

Within Louisiana, the 255,600 b/d Phillips 66 Alliance Refinery, the 211,146 b/d Shell Convent Refinery and the 135,500 b/d Calcasieu Refining complex have all closed since the beginning of 2020 because of a myriad of factors, including hurricane impacts.

And more closures are on the way elsewhere. By the end of 2023, petrochemical producer LyondellBasell said it plans to shutter its only oil refinery -- the 263,776 b/d Houston Refinery in Texas -- to make space for other potential projects.

In California, the focus is on converting traditional oil refineries into renewable fuels units.

In 2020, Phillips 66 announced plans to turn its 120,200 b/d Rodeo refinery in California into the world's largest renewables fuel project, replacing crude with organic feedstock like cooking oil, fats, greases and soybean oils to make renewable diesel, renewable gasoline and jet fuel.

It will also permanently shut its 44,500 b/d Santa Maria, California, refinery, which traditionally supplied intermediates to Rodeo for final processing.

Marathon Petroleum will turn its 161,000 b/d Martinez, California, oil refinery into a renewable diesel plant. The plant was shuttered in April 2020, along with its 26,000 b/d Gallup, New Mexico, plant, which will not reopen as a refinery.

[racer254]

23 minutes ago, BOHICA said:

Gas and diesel has royalties?  Or is it oil?

 

Refineries are running full tilt and can’t keep up.  Supply and demand.  Plenty of oil available.  They just can’t refine anymore.

Hey, thank the fucking environmental greenies for the fact that no refineries have been built.  The fuck stick spin doesn't want to address the real reason, instead he just want's to act as though oil companies didn't build.....except the fact that the fucking left stopped them at every turn and just made it too expensive.

[toslow]

Was this do to the new admin coming in office? Or is this the writing on the wall so to speak.

[racer254]

2 minutes ago, toslow said:

Was this do to the new admin coming in office? Or is this the writing on the wall so to speak.

When you listen to the left on this forum and the lies that they say about everything, it is not hard to believe that they will lie and cheat to win at all costs.

[Steve753]

Just now, racer254 said:

When you listen to the left on this forum and the lies that they say about everything, it is not hard to believe that they will lie and cheat to win at all costs.

Dems don't want what's best for you. They want what's best for them.

[BOHICA]

5 minutes ago, toslow said:

Was this do to the new admin coming in office? Or is this the writing on the wall so to speak.

Oil companies go broke with cheap gas and oil.  Oil service industries go bankrupt with cheap gas.  
 

If you forever want gas or diesel vehicles you really need to be an advocate for large oil company profits so that not only they can pay dividends to share holders and also invest in the infrastructure needed.  Advocating or desiring cheap gas is advocating for the demise of gas and diesel vehicles cause oil companies will go tits up

[Steve753]

7 minutes ago, BOHICA said:

Oil companies go broke with cheap gas and oil.  Oil service industries go bankrupt with cheap gas.  
 

If you forever want gas or diesel vehicles you really need to be an advocate for large oil company profits so that not only they can pay dividends to share holders and also invest in the infrastructure needed.  Advocating or desiring cheap gas is advocating for the demise of gas and diesel vehicles cause oil companies will go tits up

As soon as everyone is on board with EVs the cost of electricity will be much more than it is now.

[toslow]

8 minutes ago, BOHICA said:

Oil companies go broke with cheap gas and oil.  Oil service industries go bankrupt with cheap gas.  
 

If you forever want gas or diesel vehicles you really need to be an advocate for large oil company profits so that not only they can pay dividends to share holders and also invest in the infrastructure needed.  Advocating or desiring cheap gas is advocating for the demise of gas and diesel vehicles cause oil companies will go tits up

Big oil seemed to have been doing good for the last 10ths,

why now? What’s the cause for such a hugh hike at the pumps so fast.

I really don’t believe when they call shortage on oil, I do believe it’s a on purpose fuel cost with nothing to do with the price of the barrel 

[Jimmy Snacks]

https://www.fool.com/investing/2022/06/05/chevrons-ceo-says-no-more-us-oil-refineries-what-s/
 

Another issue is that refining margins have surged in recent weeks. That's due to lower refined product supplies from Russia and China and red-hot demand for those products, even though international air travel and Chinese consumption aren't yet back to their pre-pandemic levels. Those higher margins have a big impact on the price paid at the pump because refining is the second-largest input cost:  

IMAGE SOURCE: EIA. 

As refining margins rise, changes in oil prices have less influence on prices paid at the pump.

 

Because of that, even if Chevron and other oil companies increased their crude oil production -- and that's easier said than done -- it wouldn't put as much of a dent in gasoline prices as consumers might hope. The industry can't quickly add new refining capacity. 

In Wirth's view, the U.S. won't ever build another refinery. That's because it's impractical for an energy company to consider building a refinery due to the current environment. Wirth said, "You're looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying, 'We don't want these products to be used in the future.'" So even if a company like Chevron was willing to commit the time and capital to build a refinery, it doesn't make sense given the shift toward cleaner alternative energy. 

Edited June 22, 2022 by Jimmy Snacks

[X2700]

3 hours ago, Mag6240 said:

And in those 50 years, I've seen the refinery that's about 15 miles from me AT LEAST quadruple in size... So you are right, no new refineries, but they have been growing where they can.

Every time I drive by seems like something new has been built there!!

id say that refinery is thriving!!

known a few that have worked there and pay is damn good!!!

[Rigid1]

20 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/

Maybe Biden shouldn't have squashed the expansion of refineries.....

[BOHICA]

1 hour ago, toslow said:

Big oil seemed to have been doing good for the last 10ths,

why now? What’s the cause for such a hugh hike at the pumps so fast.

I really don’t believe when they call shortage on oil, I do believe it’s a on purpose fuel cost with nothing to do with the price of the barrel 

Oils at just over $100 a barrel.  Supply and demand of a global finished product is why the prices are so high for a gallon.  Not the government of the US

[spin_dry]

1 hour ago, X2700 said:

Every time I drive by seems like something new has been built there!!

id say that refinery is thriving!!

known a few that have worked there and pay is damn good!!!

Their adding on and increasing production efficiency with better technology. There’s a lot of cool stories about how 30 year old refineries have had a massive increase in production. 

[spin_dry]

1 hour ago, Rigid1 said:

Maybe Biden shouldn't have squashed the expansion of refineries.....

Refineries are like pup tents. Build one in 4 months. 

[Rigid1]

39 minutes ago, spin_dry said:

Refineries are like pup tents. Build one in 4 months. 

[Ez ryder]

23 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/

You should at least use both of your personality as to not look as much like a tool to the few who don't know 

[01mxz800]

19 hours 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.

the regulations that have been set by the government have prevented producers from upgrading and building new refineries, operational refineries are running at full capacity and are not having a shortage of crude, the government has caused this problem over the years but push the blame off on others. Oh and I work in the petroleum industry and see this first hand

[BOHICA]

2 hours ago, 01mxz800 said:

the regulations that have been set by the government have prevented producers from upgrading and building new refineries, operational refineries are running at full capacity and are not having a shortage of crude, the government has caused this problem over the years but push the blame off on others. Oh and I work in the petroleum industry and see this first hand

Ya I agree.  Plenty of crude.  Refining capacity is an issue that Regan, bush, Clinton, bush, Obama, Trump did nothing about.  But let’s blame the guy that has been in office for a year and 1/2.  Biden is a retard but the bigger retards are those that are blaming him.

[Doug]

8 minutes ago, BOHICA said:

Ya I agree.  Plenty of crude.  Refining capacity is an issue that Regan, bush, Clinton, bush, Obama, Trump did nothing about.  But let’s blame the guy that has been in office for a year and 1/2.  Biden is a retard but the bigger retards are those that are blaming him.

So if Joe Biden was running your company and performing as well as he is running the country.  Would you keep him on or fire him.

[BOHICA]

14 minutes ago, Doug said:

So if Joe Biden was running your company and performing as well as he is running the country.  Would you keep him on or fire him.

I never said he was running the country well.  I’m a Republican, 2 time trump voter.  Biden’s a retard.  But blaming him for gas prices, it takes even a bigger retard the Biden is.

Edited June 23, 2022 by BOHICA

[Doug]

17 minutes ago, Doug said:

So if Joe Biden was running your company and performing as well as he is running the country.  Would you keep him on or fire him.

 

3 minutes ago, BOHICA said:

I never said he was running the country well.  I’m a Republican, 2 time trump voter.  Biden’s a retard.  But blaming him for gas prices, it takes even a bigger retard the Biden is.

It was a simple question.  Keep him on or fire him.