President-elect Donald Trump's promise to unleash a big oil boom in the US and lower gas prices -It ain't Going to Happen
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Woodznutz
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- Dec 9, 2021
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Doc7505
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Only if the exisiting refineries left can be upgraded and a few more built.
Unfortunately the EPA has thwarted any new facilities being built especially during Democrat majority regimes.
See more:
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3F3HU4LIMFN35NNADTDKXJD7VY.jpg)
Which U.S. refineries have shut since the global pandemic, and why?
Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the next few years. These are the refiners that have closed or cut capacity:
www.reuters.com
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U.S. Closes Refineries; China Increases Its Refining Capacity
As of April, 2021, the United States had 18.1 million barrels per day of petroleum refining capacity (i.e., operable atmospheric…
www.instituteforenergyresearch.org
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Here’s Why The U.S. Has Lost Oil Refining Capacity
One of the causes of the ongoing diesel shortage is the loss of U.S. refining capacity. Here is why — despite huge profits — certain refineries have closed.
www.forbes.com
JGalt
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Only if the exisiting refineries left can be upgraded and a few more built.
Unfortunately the EPA has thwarted any new facilities being built especially during Democrat majority regimes.
See more:
Which U.S. refineries have shut since the global pandemic, and why?
Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the next few years. These are the refiners that have closed or cut capacity:**********U.S. Closes Refineries; China Increases Its Refining Capacity
As of April, 2021, the United States had 18.1 million barrels per day of petroleum refining capacity (i.e., operable atmospheric…www.instituteforenergyresearch.org********************Here’s Why The U.S. Has Lost Oil Refining Capacity
One of the causes of the ongoing diesel shortage is the loss of U.S. refining capacity. Here is why — despite huge profits — certain refineries have closed.
That all hinges on what Zeldin does. He's MAGA Republican and PBS doesn't appear to be very happy about him being the head of the EPA.
What Trump's pick of Zeldin to lead EPA signals for his environmental plans
marvin martian
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JGalt
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Joe Biden promised to cure cancer and end fossil fuels.
How did he do?
According to the Democrats, the US was "producing more oil than ever."
I can't even remember how many times I saw them say that on here.
- Nov 10, 2019
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- #27
Cheap money is often an inducement for businesses, industries or individuals to spend, invest or do things they had avoided doing for normal economic or business reasons. So, set asides or tax benefits, to induce to update, increasing efficiency, saving money in the long run and producing more of a commodity, consumers want, effecting the supply, that could lower price is one way of going about it.
But, if producers actually are intent on maximizing and extending higher prices now in place, with the higher profits they currently enjoy, what is your idea?
- Nov 10, 2019
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Like I said, getting it out of the ground at huge profit (more than ever in history, production and profits) is not the rub. I don't think the country cares how they get it, knowing we are producing more crude consistently than any country in history and far more than closest competitor country (insert laugh here
), more concerned, the refined production of gasoline is insufficient to lower the price at the pump on the domestic refined fuel market.
- Nov 10, 2019
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I read those also. Bottom line, in my opinion, is there will have to be a carrot of some kind held out to the refining industry to produce more, even though lower price per unit sold, does not come easily to anybody selling anything.~~~~~~
Only if the exisiting refineries left can be upgraded and a few more built.
Unfortunately the EPA has thwarted any new facilities being built especially during Democrat majority regimes.
See more:
Which U.S. refineries have shut since the global pandemic, and why?
Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the next few years. These are the refiners that have closed or cut capacity:**********U.S. Closes Refineries; China Increases Its Refining Capacity
As of April, 2021, the United States had 18.1 million barrels per day of petroleum refining capacity (i.e., operable atmospheric…www.instituteforenergyresearch.org********************Here’s Why The U.S. Has Lost Oil Refining Capacity
One of the causes of the ongoing diesel shortage is the loss of U.S. refining capacity. Here is why — despite huge profits — certain refineries have closed.
yidnar
Diamond Member
I agree that we need more refineries .. would it be a surprise if Trump tries to help accomplish that task .. and will it be a surprise when leftists have a fit claiming it hurts the environment ?Like I said, getting it out of the ground at huge profit (more than ever in history, production and profits) is not the rub. I don't think the country cares how they get it, knowing we are producing more crude consistently than any country in history and far more than closest competitor country (insert laugh here
- Nov 10, 2019
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- #31
If gone about correctly, it doesn't have to significantly effect the environment at large, especially considering we probably will not be on petroleum addiction more than 50 more years. Presently producing much more than anybody else (the else having many times our reserves) so it is a race to see who runs out first. 50 years is considerably less time than I have been alive as well as considerably longer than I will be alive. While we have it, I will be driving our SUVs, as electric cars continue to gain market share and hopefully reliability and cost efficiency, and we turn back to development of Nuclear Power generation, to feed the growing electrical demand.
Lesh
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- Dec 21, 2016
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And when that doesn’t happen Trump is a failure?
Lesh
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Hey moronAccording to the Democrats, the US was "producing more oil than ever."
I can't even remember how many times I saw them say that on here.
JGalt
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By a mealy one million barrels per day, and it took Biden four years to get there.
Trump will top that once he restarts the Keystone XL and opens ANWR for drilling. He'll also have more refineries built.
el midgetron
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They're just trying to rain on the parades. They don't like seeing other people happy.These crybaby’s threads are hilarious.
yidnar
Diamond Member
if it doesn't happen he will have failed to lower energy costs .. but you can bet he's gonna attempt to enact policies to lower the cost of energy .. fact !
Lesh
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