US Refining Bottleneck The Culprit For Your Gas Pump Pains

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Charliesheen
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US Refining Bottleneck The Culprit For Your Gas Pump Pains

#1

Post by Charliesheen »

High prices here to stay

https://www.zerohedge.com/commodities/u ... pump-pains
The worsening refining bottleneck, especially in the U.S., was explained by Mike Wirth, the CEO of oil giant Chevron, who recently told Bloomberg TV that there's not enough refining capacity to meet the demand for gasoline and diesel because no new refinery will ever be built in the U.S. again.

Wirth explains his reason: "You're looking at committing capital ten 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.'"

The crisis in refined products is because of the green energy transition forcing oil/gas companies, like Chevron and other majors, to not just shutter refineries but not invest and expand refinery capacity. This colossal failure has resulted in the national average for regular fuel approaching $5 a
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#2

Post by CHEEZY17 »

Which just provide more evidence that the Democrats WANT this and arent really concerned about the high prices. It does sound like an opportunity for Mexico to build a nice big refinery right at the border.
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#3

Post by CHEEZY17 »

I wonder if completing a major pipeline that would deliver over 800,00 barrels a day would help? :?:
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#4

Post by Charliesheen »

How soon before we import refined products from China?

They’ll build refineries all day long.
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#5

Post by Reservoir Dog »

So the oil industry got caught napping and didn't start building refineries 20 years ago?
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#6

Post by Biker »

Clearly you Ultra MAGAs didnt consult with a government expert and fact checker

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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#7

Post by Animal »

yeah, i'm sure that the price of oil being over $122 has nothing to do with any of this. Its the refineries.
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#8

Post by Biker »

Animal wrote: Thu Jun 09, 2022 3:10 pm yeah, i'm sure that the price of oil being over $122 has nothing to do with any of this. Its the refineries.
Thats what I was thinking. Wouldnt a bottleneck at refineries create less demand, and thus lower prices?
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#9

Post by Animal »

Biker wrote: Thu Jun 09, 2022 3:18 pm
Animal wrote: Thu Jun 09, 2022 3:10 pm yeah, i'm sure that the price of oil being over $122 has nothing to do with any of this. Its the refineries.
Thats what I was thinking. Wouldnt a bottleneck at refineries create less demand, and thus lower prices?
if the refineries were the problem, then there would be too much crude and not enough gasoline. Which would lower crude prices.

I'm not saying there isn't a problem with a lack of refineries, because clearly there is and there has been for many years. Why else would someone build a pipeline from Canada to Texas? Its going to be hard to get companies to invest the incredible costs it takes to build a refinery if all of the talk is about doing away with petroleum. Which is going to ultimately bite us in the ass because this transition is going to take generations not years.
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#10

Post by Reservoir Dog »

It would probably help if they didn't have to keep shutting down existing refineries.
And keep in mind that there were a couple of really big explosions at refineries in Texas and Louisianna a few months back.

Huge U.S. Gulf Refinery Shutdowns Are Spooking the Gasoline Market
https://www.bloomberg.com/news/articles ... ook-market

Six refineries are offline, reducing production capacity amid increasing demand
https://www.thebalance.com/loss-of-refi ... es-5272489

Why Are So Many Oil Refineries Closing?
https://www.separo.com/separo-blog/why- ... es-closing

U.S. refining capacity shrinks 4.5% as pandemic shuts plants
https://www.reuters.com/business/energy ... 021-06-25/
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#11

Post by Deathproof »

"US Refining Bottleneck"?

I thought we were calling him "Brandon".
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#12

Post by saltydog »

Is this also why gas is over $7/gal in foreign countries?
Where did everybody go?
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#13

Post by JackCoughsALot »

saltydog wrote: Thu Jun 09, 2022 11:57 pm Is this also why gas is over $7/gal in foreign countries?
that's probably because of taxes
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#14

Post by Charliesheen »



His G-6 runs on French fry oil.
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#15

Post by CHEEZY17 »

God, I hate that guy. And I mean that literally. I absolutely despise him.
If an R wins in 2024 they should not only publicly and robustly fire him but whilst doing so point out what a giant dickwad he is.
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#16

Post by stonedmegman »

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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#17

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CHEEZY17 wrote: Thu Jun 16, 2022 1:53 pm God, I hate that guy. And I mean that literally. I absolutely despise him.
If an R wins in 2024 they should not only publicly and robustly fire him but whilst doing so point out what a giant dickwad he is.
Kerry is the type of Democrat Van Jones is talking about in the other thread
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#18

Post by CHEEZY17 »

Biker wrote: Sat Jun 18, 2022 3:07 pm
CHEEZY17 wrote: Thu Jun 16, 2022 1:53 pm God, I hate that guy. And I mean that literally. I absolutely despise him.
If an R wins in 2024 they should not only publicly and robustly fire him but whilst doing so point out what a giant dickwad he is.
Kerry is the type of Democrat Van Jones is talking about in the other thread
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Re: US Refining Bottleneck The Culprit For Your Gas Pump Pains

#19

Post by Charliesheen »

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