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Thread: Idled Refineries Won't Come Back Online

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    FindersKeepers's Avatar Senior Member
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    Idled Refineries Won't Come Back Online

    Biden might be telling them to up production, but they're not going to do that on their own dime.

    President Biden wants refineries to produce more gasoline to help lower gasoline prices, but operating refineries are running at full capacity and idled refineries are unlikely to bear the high recommissioning costs to come back online, according to IHS Markit analysis. About 375,000 barrels per day of the 1.482 million barrels per day of North American refining capacity shuttered since June 2019 may be eligible for restart. President Biden could make it easier for these plants to retool if he genuinely wanted them back online, but he has taken no positive action to back up his repeated calls for more refining. Refinery owners will not make the huge investments necessary if they cannot recoup their investment, which is likely to take years.


    In addition...

    ...the EPA under Biden has begun to question routine renewals of existing refinery permits. Rather than looking for ways to help refineries add capacity, the administration appears to be searching for excuses to close them.
    More here:

    https://www.instituteforenergyresear...e-back-online/
    ""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw

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    The Democrat Party must be utterly destroyed first.
    Call your state legislators and insist they approve the Article V convention of States to propose amendments.


    I pledge allegiance to the Constitution as written and understood by this nation's founders, and to the Republic it created, an indivisible union of sovereign States, with liberty and justice for all.

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    They are clearly doing this on purpose. I was also thinking that gas prices should be going down. We are told that prices have been falling for the last 24 days but I can't tell. I guess if they mean down by pennies. Lol. https://www.wsj.com/articles/gas-pri...d=hp_lead_pos4

    The price of oil is already below 100$ per barrel, yet prices are still astronomical.

    Here's a story from 3 months ago that talks about why gas prices wont go down right away if we lower the prices, basically it says we are being fleeced by the gas stations themselves. It reminds me of the price gouging that happens during natural disasters. It should be considered the same. https://www.cbsnews.com/news/gas-pri...-so-high-2022/


    "When the price of crude oil rises, gas stations typically wait to hike their prices so as not to scare away customers.

    "But then once they do start to raise prices, they raise them very quickly," Storrow explained to CBS News.

    On the flip side, when the price of crude oil drops, gas stations lower prices gradually. That allows them to make a profit on the discrepancy between what they're paying and what they charge motorists, he added.

    "When the price of crude starts to drop, they will lower the prices at the pump more slowly. That's actually where gas stations make most of their money," Storrow said".

    This makes me wonder even if they do lower the price of oil even further will we see much of a reduction? Not only that in the first article it said that prices will continue to drop but if demand goes up then prices will rise again due to limited supply. It is clear that the supply is being limited on purpose.

    I guess they are building back better with record inflation, record prices on everything, and mass starvation. I guess building back better means taking away what little the people have.
    We are all brothers and sisters in humanity. We are all made from the same dust of stars. We cannot be separated because all life is interconnected.

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    Environmentalist whackos did this to us with the help of all Democrats and many Republicans.
    Call your state legislators and insist they approve the Article V convention of States to propose amendments.


    I pledge allegiance to the Constitution as written and understood by this nation's founders, and to the Republic it created, an indivisible union of sovereign States, with liberty and justice for all.

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    Refineries like our local Chevron run 24/7 and if any refinery in the State goes down prices go up and they won't allow more to be built. They all have to make special gas just for CA of course.
    My Revenge will be Success! - Donald J Trump

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    Quote Originally Posted by MisterVeritis View Post
    Environmentalist whackos did this to us with the help of all Democrats and many Republicans.
    The great electric future for those who can afford it. The rest driven to public transportation.................

    In the meanwhile chaos and high prices all about us!
    My Revenge will be Success! - Donald J Trump

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    Quote Originally Posted by RMNIXON View Post
    The great electric future for those who can afford it. The rest driven to public transportation.................

    In the meanwhile chaos and high prices all about us!
    Where will the electricity come from?
    Call your state legislators and insist they approve the Article V convention of States to propose amendments.


    I pledge allegiance to the Constitution as written and understood by this nation's founders, and to the Republic it created, an indivisible union of sovereign States, with liberty and justice for all.

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    We have dams here that make power.
    They are being torn down.
    What the hell is going on?

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    Just use your AC at night time. Your electric Car is now a wagon.
    Let's go Brandon !!!

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    We can increase production in short order. The current situation is by design. It’s intended to force a change in behaviors. A change that we are not yet ready to execute.
    When the people find that they can vote themselves money, that will herald the end of the republic.“ - Benjamin Franklin.


    “When people get used to preferential treatment equal treatment seems like discrimination.” - Thomas Sowell

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