My personal view is there will never be another new refinery built” on U.S. soil because

[healthmyths]

“My personal view is there will never be another new refinery built” on U.S. soil, said Chevron's CEO Wirth. “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.’”

U.S. Will Never Build Another Oil Refinery, Chevron CEO Says

The United States’ capacity to refine oil into fuel has shrunk significantly during the pandemic because of the closure of refineries. And it may never come back, says the CEO of the second-largest oil company in the U.S.

www.theenergymix.com

So why would he say this???
President JOE BIDEN said so!!
I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels”


So if current American refineries are at capacity because Biden said to refinery financiers and buildings... "getting rid of fossil fuels"... why
would anyone spend any money to build what takes about 10 years an oil refinery?
So Chevron, et.al. just keep raising their refining costs because they have an administration that does NOT want fossil fuels!
Plain and simple! And guess who's paying for that? Since Biden's been in office gas prices have risen 159%!
Biden 6/22 $5.032 Trump $1.938 4/20 or $3.094 increase or 159%

 

[Biff_Poindexter]

Do you know when the last new refinery was built in the US?

1976


Why didn't they build any new refineries during the awesome Reagan, Bush and Trump years??

 

[Toro]

Yet another reason to be long oil over the next several years.

 

[ColonelAngus]

We are over regulated, so we buy oil from countries who pollute when they extract fossil fuels….thereby increasing global pollution and climate change.

BRILLIANT IDEA!

 

[healthmyths]

Do you know when the last new refinery was built in the US?

1976


Why didn't they build any new refineries during the awesome Reagan, Bush and Trump years??

What is your source for that year?

The newest refinery in the United States is the Texas International Terminals 45,000 b/cd refinery in Channelview, Texas, which was operable on January 1, 2022, but actually started operating in February, 2022.

However, the newest refinery with significant downstream unit capacity is Marathon's facility in Garyville, Louisiana. That facility came online in 1977 with an initial atmospheric distillation unit capacity of 200,000 b/cd, and as of January 1, 2022, it had a capacity of 585,000 b/cd.

Year built	First operated	Location	Original owner	Original capacity b/cd	Current owner	2022 Capacity b/cd
2021	2022	Galveston, Texas	Texas International Terminals	45,000	Texas International Terminals	45,000
2021	2021	Kern, California	Talley Asphalt Products	1,700	Talley Asphalt Products	1,700
2018	2019	Channelview, Texas	Targa Resources	35,000	Hartree Partners	45,000
2016	2017	Corpus Christi, Texas	Magellan Midstream Partners	42,500	Magellan Midstream Partners	42,500
2015	2015	Corpus Christi, Texas	Buckeye Partners	46,250	Buckeye Partners	60,000
2015	2015	Corpus Christi, Texas	Buckeye Partners	46,250	Buckeye Partners	60,000
2015	2015	Houston, Texas	Petromax Refining	25,000	Petromax Refining	25,000
2014	2015	Galena Park, Texas	Kinder Morgan	42,000	Kinder Morgan	84,000
1998	1998	Atmore, Alabama	Goodway	4,100	Goodway	4,100
1993	1993	Valdez, Alaska	Petro Star	26,300	Petro Star	55,000
1991	1992	Ely, Nevada	Petro Source	7,000	Foreland	2,000
1986	1987	North Pole, Alaska	Petro Star	6,700	Petro Star	19,700
1985	1986	Prudhoe Bay, Alaska	ARCO	12,000	ConocoPhillips	15,000
1979	1980	Wilmington, California	Huntway	5,400	Valero	6,300
1978	1979	Vicksburg, Mississippi	Ergon	10,000	Ergon	26,500
1978	1979	North Slope, Alaska	ARCO	13,000	Hillcorp, North Slope	6,500
1977	1978	Lake Charles, Louisiana	Calcasieu	6,500	Calcasieu	135,000
1976	1977	Garyville, Louisiana	Marathon	200,000	Marathon	585,000
1976	1977	Krotz Springs, Louisiana	Gold King	5,000	Delek	80,000
1975	1975	Corpus Christi, Texas	Saber	15,000	Valero	290,000

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

 

[22lcidw]

Do you know when the last new refinery was built in the US?

1976


Why didn't they build any new refineries during the awesome Reagan, Bush and Trump years??

Progs did that. We should have at least a dozen new ones. They made sure that the older ones could only be upgraded. But they would not be as efficient as totally new ones. Nuclear power plants the same way.

 

[healthmyths]

Progs did that. We should have at least a dozen new ones. They made sure that the older ones could only be upgraded. But they would not be as efficient as totally new ones. Nuclear power plants the same way.

I don't disagree we should have more refineries but the MOST important part of this thread is what Biden said :
I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels”


How many commentators even conservatives seem to be unaware that this was Biden's desire... "get rid of fossil fuels"?
That's why Chevron's CEO statement is validation for the oil companies raising their prices! The oil companies have to plan
for future expenditures and if the President of the USA says "get rid of fossil fuels"!
Americans need to vote for the good of America and Biden so far has done almost nothing to improved and has done almost
everything to worsen our lives! Gas prices, inflation, nuclear threats, illegal aliens (remember Biden said"surge to the border" all of these are harmful!

 

[surada]

“My personal view is there will never be another new refinery built” on U.S. soil, said Chevron's CEO Wirth. “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.’”

U.S. Will Never Build Another Oil Refinery, Chevron CEO Says

The United States’ capacity to refine oil into fuel has shrunk significantly during the pandemic because of the closure of refineries. And it may never come back, says the CEO of the second-largest oil company in the U.S.

www.theenergymix.com

So why would he say this???
President JOE BIDEN said so!!
I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels”


So if current American refineries are at capacity because Biden said to refinery financiers and buildings... "getting rid of fossil fuels"... why
would anyone spend any money to build what takes about 10 years an oil refinery?
So Chevron, et.al. just keep raising their refining costs because they have an administration that does NOT want fossil fuels!
Plain and simple! And guess who's paying for that? Since Biden's been in office gas prices have risen 159%!
Biden 6/22 $5.032 Trump $1.938 4/20 or $3.094 increase or 159%

Read what Nasser Amin said last month.

Remarks by CEO Amin H. Nasser at Schlumberger Digital Forum 2022

The three strategic pillars of a more secure & more sustainable energy future.

www.aramco.com

 

[healthmyths]

Read what Nasser Amin said last month.

Remarks by CEO Amin H. Nasser at Schlumberger Digital Forum 2022

The three strategic pillars of a more secure & more sustainable energy future.

www.aramco.com

Thank you for the good article by Aramco's CEO Mr. Amin... I copied a few points that caught my attention as links to my thread. From Mr. Amin's speech some thoughts:

• "your transition plan had better be right."
• "And taxing companies when you want them to increase production is clearly not helpful"
• Equally concerning is that oil fields around the world are declining on average at about 6% each year,
  and more than 20% in some older fields last year. At these levels, simply keeping production steady needs a
  lot of capital in its own right, while increasing capacity requires a lot more.
• But when the global economy recovers, we can expect demand to rebound further, eliminating the little spare oil production capacity out there. And by the time the world wakes up to these blind spots, it may be too late to change course.
• Meanwhile, chemicals will become a much larger and more strategic part of our portfolio, showcasing the non-combustible uses of oil.

Remarks by CEO Amin H. Nasser at Schlumberger Digital Forum 2022

The three strategic pillars of a more secure & more sustainable energy future.

www.aramco.com

There seems to be NO transition plan from a president who says "I guarantee We Are Going To Get Rid of Fossil Fuels”

Note the comment about "non-combustible uses of oil"...
So if we stop using oil, how will you get tires for your EV from non-combustible oil uses?
The manufacture of tires use 7 gallons of oil to make one tire of the 2 billion tires produced annually.
That's 254,545,455 barrels of oil. What will replace oil in producing tires as Biden guarantees to eliminate fossils fuels?

Global tire market forecast to produce over 2.7 billion tires by 2026 – Rubber World – The Technical Service Magazine for the Rubber Industry

rubberworld.com

 

[bripat9643]

Do you know when the last new refinery was built in the US?

1976


Why didn't they build any new refineries during the awesome Reagan, Bush and Trump years??

EPA regulations, asshole.

 

[surada]

Thank you for the good article by Aramco's CEO Mr. Amin... I copied a few points that caught my attention as links to my thread. From Mr. Amin's speech some thoughts:

• "your transition plan had better be right."
• "And taxing companies when you want them to increase production is clearly not helpful"
• Equally concerning is that oil fields around the world are declining on average at about 6% each year,
  and more than 20% in some older fields last year. At these levels, simply keeping production steady needs a
  lot of capital in its own right, while increasing capacity requires a lot more.
• But when the global economy recovers, we can expect demand to rebound further, eliminating the little spare oil production capacity out there. And by the time the world wakes up to these blind spots, it may be too late to change course.
• Meanwhile, chemicals will become a much larger and more strategic part of our portfolio, showcasing the non-combustible uses of oil.

Remarks by CEO Amin H. Nasser at Schlumberger Digital Forum 2022

The three strategic pillars of a more secure & more sustainable energy future.

www.aramco.com

There seems to be NO transition plan from a president who says "I guarantee We Are Going To Get Rid of Fossil Fuels”

Note the comment about "non-combustible uses of oil"...
So if we stop using oil, how will you get tires for your EV from non-combustible oil uses?
The manufacture of tires use 7 gallons of oil to make one tire of the 2 billion tires produced annually.
That's 254,545,455 barrels of oil. What will replace oil in producing tires as Biden guarantees to eliminate fossils fuels?

Global tire market forecast to produce over 2.7 billion tires by 2026 – Rubber World – The Technical Service Magazine for the Rubber Industry

rubberworld.com

Thanks. I can't cut and paste from the tablet.

 

[surada]

EPA regulations, asshole.

One was just finished in March of 22 here in the US.