American oil refineries shutter amid Biden's hostile fossil fuel policies

[Ordinary Guy]

US refinery capacity fell in 2021, the first decrease since 2017

Biden will make the Jimmy Carter years seem mild!-OG

LyondellBasell, the owner of one of the oldest refineries in Houston, became just one the latest refineries to close amid rising gas prices.

"These decisions are never easy, and we understand this has a very real impact on our refinery employees, their families, and the community," LyondellBasell interim CEO Ken Lane said in a statement over the weekend.

The closure is not limited only to LyondellBasell. Houston oil analyst Andy Lipow pointed out that other Gulf Coast refineries have faced the same fate.

"This is the third refinery on the Gulf Coast that is being shut in the last couple of years," Lipow told Fox 26.

American refinery capacity has been on the decline in recent years, according to Fuels Market News latest Refinery Capacity Report. The report found that operable atmospheric crude oil distillation capacity in the U.S. fell from 19 million barrels per calendar day at the start of 2020 to 18.1 million at the start of 2021. It marked the first decrease in refinery capacity since 2017, the report noted.

Much of that dip in output can be blamed on refinery closures such as the one in Houston, with the report noting that five facilities shuttered during 2021, including the Shell refinery in Convent, Louisiana. Other states that saw a refinery closure include New Mexico, California, North Dakota, and Wyoming.

"It wasn't too long ago the country was clamoring for the industry to buy and build new refineries because they couldn't keep up with demand," Flynn said Monday.

But government pressure to wean the country off of fossil fuels has made business difficult, with Flynn arguing that "refineries are getting squeezed out of business because of stricter regulations from the Biden administration and the pressure by the government" to "reduce demand for gasoline."

The 700-acres site can process 263,000 barrels of crude oil every day into fuels and petroleum products.

https://www.foxbusiness.com/politics...in-at-the-pump

 

[JGalt]

That stupid sonofabitch is speaking right now on national TV. He said something about Russia cutting off the supply of gas and oil to Poland and other countries, and he wants to help them replace that with "green energy"?????


What the living fuck???

 

[Ghost1776]

The Great Reset —-Build Back Better ——- is “ YOU WILL OWN NOTHING” starting to feel just a little real yet lmfao!! oh we know it won’t yet, most loons think this going to be like 08—or the 70’s—-or maybe even the great depression———- None of you have no idea how bad this is going to be!!!

 

[elektra]

I paid $1400 in April for fossil fuels. Now that it is warmer I should make it to September without more fuel oil.

The democrats doubled the price of fuel oil, actually more than doubled the price

 

[surada]

US refinery capacity fell in 2021, the first decrease since 2017

Biden will make the Jimmy Carter years seem mild!-OG

LyondellBasell, the owner of one of the oldest refineries in Houston, became just one the latest refineries to close amid rising gas prices.

"These decisions are never easy, and we understand this has a very real impact on our refinery employees, their families, and the community," LyondellBasell interim CEO Ken Lane said in a statement over the weekend.

The closure is not limited only to LyondellBasell. Houston oil analyst Andy Lipow pointed out that other Gulf Coast refineries have faced the same fate.

"This is the third refinery on the Gulf Coast that is being shut in the last couple of years," Lipow told Fox 26.

American refinery capacity has been on the decline in recent years, according to Fuels Market News latest Refinery Capacity Report. The report found that operable atmospheric crude oil distillation capacity in the U.S. fell from 19 million barrels per calendar day at the start of 2020 to 18.1 million at the start of 2021. It marked the first decrease in refinery capacity since 2017, the report noted.

Much of that dip in output can be blamed on refinery closures such as the one in Houston, with the report noting that five facilities shuttered during 2021, including the Shell refinery in Convent, Louisiana. Other states that saw a refinery closure include New Mexico, California, North Dakota, and Wyoming.

"It wasn't too long ago the country was clamoring for the industry to buy and build new refineries because they couldn't keep up with demand," Flynn said Monday.

But government pressure to wean the country off of fossil fuels has made business difficult, with Flynn arguing that "refineries are getting squeezed out of business because of stricter regulations from the Biden administration and the pressure by the government" to "reduce demand for gasoline."

The 700-acres site can process 263,000 barrels of crude oil every day into fuels and petroleum products.

https://www.foxbusiness.com/politics...in-at-the-pump

The oil embargo was caused by the Yom kippur war, not Carter.

 

[initforme]

Drill more, every last drop STAYs here.

 

[surada]

Drill more, every last drop STAYs here.

$70-75 a barrel is about right so domestic oil producers can afford to drill for more oil.

 

[westwall]

$70-75 a barrel is about right so domestic oil producers can afford to drill for more oil.

No, they can't. They are taxed so high that that price is no longer sustainable.

 

[surada]

No, they can't. They are taxed so high that that price is no longer sustainable.

What do you mean? Oil is still a bargain. It hasn't kept up with housing, healthcare, automobiles, education or groceries.

 

[westwall]

What do you mean? Oil is still a bargain. It hasn't kept up with housing, healthcare, automobiles, education or groceries.

Xiden policies make it unprofitable to process oil here. Thus the local oil companies buy it from overseas.

Are you truly this clueless?

 

[surada]

Xiden policies make it unprofitable to process oil here. Thus the local oil companies buy it from overseas.

Are you truly this clueless?

We've been importing oil from Canada, Mexico, Venezuela and now Russia for decades.... back when Biden was in knee pants. We also still buy a little from OPEC. So what are you talking about? The US uses more oil than we produce. The US has the highest lift costs in the world and most US wells produce less than 50 barrels a day so we have no economies of scale.

 

[beagle9]

US refinery capacity fell in 2021, the first decrease since 2017

Biden will make the Jimmy Carter years seem mild!-OG

LyondellBasell, the owner of one of the oldest refineries in Houston, became just one the latest refineries to close amid rising gas prices.

"These decisions are never easy, and we understand this has a very real impact on our refinery employees, their families, and the community," LyondellBasell interim CEO Ken Lane said in a statement over the weekend.

The closure is not limited only to LyondellBasell. Houston oil analyst Andy Lipow pointed out that other Gulf Coast refineries have faced the same fate.

"This is the third refinery on the Gulf Coast that is being shut in the last couple of years," Lipow told Fox 26.

American refinery capacity has been on the decline in recent years, according to Fuels Market News latest Refinery Capacity Report. The report found that operable atmospheric crude oil distillation capacity in the U.S. fell from 19 million barrels per calendar day at the start of 2020 to 18.1 million at the start of 2021. It marked the first decrease in refinery capacity since 2017, the report noted.

Much of that dip in output can be blamed on refinery closures such as the one in Houston, with the report noting that five facilities shuttered during 2021, including the Shell refinery in Convent, Louisiana. Other states that saw a refinery closure include New Mexico, California, North Dakota, and Wyoming.

"It wasn't too long ago the country was clamoring for the industry to buy and build new refineries because they couldn't keep up with demand," Flynn said Monday.

But government pressure to wean the country off of fossil fuels has made business difficult, with Flynn arguing that "refineries are getting squeezed out of business because of stricter regulations from the Biden administration and the pressure by the government" to "reduce demand for gasoline."

The 700-acres site can process 263,000 barrels of crude oil every day into fuels and petroleum products.

https://www.foxbusiness.com/politics...in-at-the-pump

I said it before, and I'll say it again - Biden is a serious threat to our national security.

 

[beagle9]

We've been importing oil from Canada, Mexico, Venezuela and now Russia for decades.... back when Biden was in knee pants. We also still buy a little from OPEC. So what are you talking about? The US uses more oil than we produce. The US has the highest lift costs in the world and most US wells produce less than 50 barrels a day so we have no economies of scale.

Well you libs have jeopardized world stability now, so let's all just sit back and watch as y'all tremble in fear trying to cover your ace's and tracks now.

 

[surada]

Well you libs have jeopardized world stability now, so let's all just sit back and watch as y'all tremble in fear trying to cover your ace's and tracks now.

You're confused. Russia invaded Ukraine which is extremely stupid if you think about it. Nordstream2 was great for Russia and the Europeans. Wonder why Putin fucked that up? They spent monstrous amount of money to build it and now what? Putin can't eat that gas.

 

[surada]

You're confused. Russia invaded Ukraine which is extremely stupid if you think about it. Nordstream2 was great for Russia and the Europeans. Wonder why Putin fucked that up? They spent monstrous amount of money to build it and now what? Putin can't eat that gas.

. westwall
Natural gas from the Stans are also sold in European markets. Do you suppose they are flaring it off instead of making money with that expensive pipeline?

 

[westwall]

Of course not. They are making money hand over fist because no one has slapped any really hard sanctions on them.

Have you noticed that not one leader out there is trying to end the war?

No, everything they are doing is going to make it last longer.

 

[surada]

Of course not. They are making money hand over fist because no one has slapped any really hard sanctions on them.

Have you noticed that not one leader out there is trying to end the war?

No, everything they are doing is going to make it last longer.

What are you talking about? How would you try to end Putin's war?

 

[Deplorable Yankee]

It's Poooooootins fault reeeeeeeeeee

Hard times and blood like the nations never seen before coming soon ..

 

[Deplorable Yankee]

Don't worry everyone is gonna be driving an ev

• Wind and solar companies have reported massive profit declines over the last year as clean energy prices have risen and new installations have been delayed thanks to supply chain shortfalls, market uncertainty and the Ukraine crisis.
• 
  
• “One of the problems with this industry as a whole is that, since at its very foundation it is based on government subsidies and government mandates, its market value is never truly known,” said Daniel Turner, the executive director of Power the Future.
• 
  
• “90% to 95% of the supply chain does not exist,” RJ Scaringe, CEO of electric vehicle maker Rivian, told reporters in April, according to The Wall Street Journal.

 

[elektra]

What do you mean? Oil is still a bargain. It hasn't kept up with housing, healthcare, automobiles, education or groceries.

Oil is a bargain? Oil is a Huge ripoff