Price Check in the Gas and Diesel Aisle...

#301
The thing is, the admin has made oil companies unwilling to invest more.

Instead dividends and share buybacks are up.

They have no interest in investing millions to billions of dollars into extraction and refining when the current admin has vilified them and bluntly stated they want fossil fuels to go extinct.

I’m glad I invested heavily into Marathon and Occidental back in 2020. Marathon was $3 a share! Occidental was under $10!
 
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#302
Bigfatcock said:
www.yahoo.com

White House Eyes Restarting Idle Refineries to Tame Fuel Prices

(Bloomberg) -- The Biden administration is reaching out to the oil industry to inquire about restarting shuttered refineries, as the White House scrambles to address record high-gasoline prices that are setting off political alarm bells ahead of the midterm elections. Most Read from...
www.yahoo.com www.yahoo.com

View attachment 7878140
Click to expand...
I worked in those old refineries... Those that shut down had racked up violations from the EPA, OHSA, TWIC Cards,Zoning violations, and a host of other Government mandates....
Those refineries were not "idled"... they "RAN TO FAILURE".... Not like going out to that old beater car that was parked last year and giving it a jump start with your new truck. How much dumber can American's get ???

It took one to two months for refineries to return to normal production after Hurricane Katrina knocked out about 30 percent of U.S. refining capacity when it struck the Gulf Coast in 2005, according to Tamar Essner, director of energy and utilities at Nasdaq Corporate Solutions.
We removed the following refineries from total U.S. operable capacity after they closed:


  • The Philadelphia Energy Solutions refinery in Philadelphia, Pennsylvania: 335,000 b/cd
  • The Shell refinery in Convent, Louisiana: 211,146 b/cd
  • The Tesoro (Marathon) refinery in Martinez, California: 161,000 b/cd
  • The HollyFrontier refinery in Cheyenne, Wyoming: 48,000 b/cd
  • The Western Refining refinery in Gallup, New Mexico: 27,000 b/cd
  • The Dakota Prairie refinery in Dickinson, North Dakota: 19,000 b/cd

Transportation Worker Identification Credential (TWIC)

www.dco.uscg.mil
www.theadvocate.com

Louisiana braces for refinery closure as Shell retains Gulf emphasis amid global production cutback

Royal Dutch Shell, with major operations in the Gulf of Mexico, says it will trim its oil output by up to 2% annually as part of a long-term plan that
www.theadvocate.com www.theadvocate.com
 
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#303
Hobo Hilton said:
I worked in those old refineries... Those that shut down had racked up violations from the EPA, OHSA, TWIC Cards,Zoning violations, and a host of other Government mandates....
Those refineries were not "idled"... they "RAN TO FAILURE".... Not like going out to that old beater car that was parked last year and giving it a jump start with your new truck. How much dumber can American's get ???


Transportation Worker Identification Credential (TWIC)

www.dco.uscg.mil
www.theadvocate.com

Louisiana braces for refinery closure as Shell retains Gulf emphasis amid global production cutback

Royal Dutch Shell, with major operations in the Gulf of Mexico, says it will trim its oil output by up to 2% annually as part of a long-term plan that
www.theadvocate.com www.theadvocate.com
Click to expand...
Thank you for the information. Why did they run to failure? Was it because it wasn’t worth it to upgrade?
 
#304
Bigfatcock said:
Thank you for the information. Why did they run to failure? Was it because it wasn’t worth it to upgrade?
Click to expand...
Operating equipment (pipe, valves, fittings, pumps, controls) were out dated and it is not cost effective to replace those items. Like the American farmers and the size of their tractors. Refineries had to get bigger and bigger and turn out more product with less manpower... Farmers are buying bigger tractors and one man can work thousands of acres of crops.
________________
Many years have passed since the last large greenfield refinery was built in the continental United States. It has been 43 years, in fact, since Marathon Petroleum opened its spanking-new 200,000 barrel of oil per day (bopd) refinery in Garyville, Louisiana in 1977.
 
#305
Hobo Hilton said:
I worked in those old refineries... Those that shut down had racked up violations from the EPA, OHSA, TWIC Cards,Zoning violations, and a host of other Government mandates....
Those refineries were not "idled"... they "RAN TO FAILURE".... Not like going out to that old beater car that was parked last year and giving it a jump start with your new truck. How much dumber can American's get ???

It took one to two months for refineries to return to normal production after Hurricane Katrina knocked out about 30 percent of U.S. refining capacity when it struck the Gulf Coast in 2005, according to Tamar Essner, director of energy and utilities at Nasdaq Corporate Solutions.
We removed the following refineries from total U.S. operable capacity after they closed:


  • The Philadelphia Energy Solutions refinery in Philadelphia, Pennsylvania: 335,000 b/cd
  • The Shell refinery in Convent, Louisiana: 211,146 b/cd
  • The Tesoro (Marathon) refinery in Martinez, California: 161,000 b/cd
  • The HollyFrontier refinery in Cheyenne, Wyoming: 48,000 b/cd
  • The Western Refining refinery in Gallup, New Mexico: 27,000 b/cd
  • The Dakota Prairie refinery in Dickinson, North Dakota: 19,000 b/cd

Transportation Worker Identification Credential (TWIC)

www.dco.uscg.mil
www.theadvocate.com

Louisiana braces for refinery closure as Shell retains Gulf emphasis amid global production cutback

Royal Dutch Shell, with major operations in the Gulf of Mexico, says it will trim its oil output by up to 2% annually as part of a long-term plan that
www.theadvocate.com www.theadvocate.com
Click to expand...
Frontier in Cheyenne is running only biodiesel after the petroleum switch.
 
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#306
Today's outing in Reno, NV. $6.199 a gallon.

21525.jpeg
 
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#315
#317
Hobo Hilton said:
www.foxbusiness.com

Chevron CEO says there may never be another oil refinery built in the US

Chevron CEO Mike Wirth says he doubts a new oil refinery will ever be built in the U.S. again, given the federal government's policies.
www.foxbusiness.com www.foxbusiness.com
news.bloomberglaw.com

Chevron CEO Says There May Never Be a New Refinery Built in US

There may never be a new refinery built in the US despite surging gasoline prices as policymakers move away from fossil fuels, according to Chevron Corp.
news.bloomberglaw.com news.bloomberglaw.com
Click to expand...
I read that and it was a no Duh moment. Why invest in refining capacity, when the majority of governments have been on a full blown war against oil since the pedophile was installed in the White House.

I remember you said you worked in the business. What kind of money is required to build a refinery? Billions + probably a decade of red tape before you can break ground?

Also, didn’t you mention that the shut down refineries were run to failure because there was no point in keeping them running?

I’m not very educated on the topic so definitely seeking insight.
 
#318
Bigfatcock said:
I read that and it was a no Duh moment. Why invest in refining capacity, when the majority of governments have been on a full blown war against oil since the pedophile was installed in the White House.

I remember you said you worked in the business. What kind of money is required to build a refinery? Billions + probably a decade of red tape before you can break ground?

Also, didn’t you mention that the shut down refineries were run to failure because there was no point in keeping them running?

I’m not very educated on the topic so definitely seeking insight.
Click to expand...
Your questions are both logical and timely.
Refining oil into gasoline and diesel is not rocket science. Manufacturing other products from the petroleum base is a bit more challenging. This is why the other "feeds" are transported to other locations to be made into other products like PVC and other plastics. So, we are not only talking of fuel but other products the world uses every day. If oil production is shut down, where will the PVC pipe come from to build new houses or what will be used in automobiles for the seat covers, dash and floor mats. The ramifications are endless.

Remember the old Volkswagen "Beetle"... US Government regulations killed off the Beetle. US Government regulations are killing off the refineries. As a result we are paying more for refined petroleum products that are manufactured in other countries.

Building a refinery would probably cost a billion dollars. If you relate that to the cost of America's newest air craft carrier or to the cost of a nuclear power plant a refinery is still a major investment but there would be a nice return on that investment.

An old refinery is similar to an old car. The older it gets the more costly it is to maintain. Yet, there are many old cars moving people around every day.

An old saying "Necessity is the mother of Invention". I think the Government is of the mindset that if oil production were shut off "new inventions" would take it's place. On a long enough timeline that is possible. This administration appears to think this can be done in a few years. Again, a flawed government theory.

Products made from petroleum | Ranken Energy Corporation

www.ranken-energy.com www.ranken-energy.com
 
#328
Since gasoline prices started surging at the end of last year, the U.S. Administration has been saying that it would consider and potentially use every tool at its disposal to lower prices at the pump. The problem for the Biden Administration—and for U.S. drivers—is that there isn’t a short-term solution to skyrocketing gasoline prices that set new record-highs day after day. Every tool at Biden’s disposal has its own drawbacks and political consequences, and every move the Administration is studying is unlikely to dent gasoline prices too much, analysts and White House insiders say.
oilprice.com

There’s No Immediate Cure For Sky-High Gasoline Prices | OilPrice.com

Gasoline prices in the United States continue to set record after record, and there may not be much relief coming in the short-term
oilprice.com oilprice.com
 
#330
Lower Michigan: $4.99 regular, $5.49 diesel, $5.59 premium. The spread between regular and diesel is lower than I can recall seeing anytime in the last decade-plus.
 
#337
LOL...
  • A new proposal from House and Senate Democrats would impose a new quarterly tax on oil companies.
  • The Biden administration is reportedly considering the plan to help consumers who are struggling with high energy prices.”
Oil companies will roll that tax over onto the consumers. History repeating... Deja Vu... One more doomed government plan....

oilprice.com

Biden Administration Considers A Windfall Tax On Oil And Gas Profits | OilPrice.com

The Biden Administration is reportedly considering taxes on windfall oil and gas profits to subsidize consumers struggling with soaring energy prices
oilprice.com oilprice.com
 
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#342
Here is one of the governments pans to "save us" from a crisis they created.

The EPA finalized U.S. biofuel blending requirements for 2020, 2021, and 2022, according to Bloomberg sources familiar with the plan.
Laying out what is known as the Renewable Fuel Standard, or RFS, the EPA will require refiners and importers to mix in 20.63 billion gallons of renewable fuel into gasoline and diesel in 2022—15 billion gallons can be filled with ethanol, but 5.63 billion gallons of the standard must come from advanced biofuels.
__________________
A Hobo foot note:
Those big old John Deere tractors burn diesel fuel and have giant, expensive tires that took oil to produce the tire material. The trucks that haul the corn to the ethanol plant run on diesel and use oil . I have set up the boilers in several ethanol plants. boilers are fueled by natural gas... The ethanol must be transported to the blending plants... More diesel fuel burned.... With a pending food shortage, perhaps we need to not grow ethanol corn but grow people corn... JMHO

oilprice.com

U.S. Increases Biofuel Blending Requirements | OilPrice.com

The EPA finalized U.S. biofuel blending requirements for 2020, 2021, and 2022, according to Bloomberg sources familiar with the plan.
oilprice.com oilprice.com
irena.org

Advanced biofuels: What holds them back?

This study from the International Renewable Energy Agency (IRENA) analyses current barriers to investment in advanced biofuels.
irena.org irena.org
 
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#345
www.yahoo.com

Biden not at fault for nation’s high gas prices, Pete Buttigieg says

Don’t blame the White House for pain at the pump, Transportation Secretary Pete Buttigieg said Sunday. The Biden administration is doing everything it can to fight soaring gas prices and overall inflation, which is at the highest level in decades, Buttigieg said on ABC’s “This Week.” “The price...
www.yahoo.com www.yahoo.com

Buttjizz says it’s not biden’s fault.

Of course this is the same loser who said to buy an EV if you can’t afford gas.
 
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#346
Bigfatcock said:
www.yahoo.com

Biden not at fault for nation’s high gas prices, Pete Buttigieg says

Don’t blame the White House for pain at the pump, Transportation Secretary Pete Buttigieg said Sunday. The Biden administration is doing everything it can to fight soaring gas prices and overall inflation, which is at the highest level in decades, Buttigieg said on ABC’s “This Week.” “The price...
www.yahoo.com www.yahoo.com

Buttjizz says it’s not biden’s fault.

Of course this is the same loser who said to buy an EV if you can’t afford gas.
Click to expand...

The Republicans are going to go after this "let them eat cake" moment in the midterms... right? Seems like it might hit home with a broad swath of voters who don't care about Jan 6th or whatever Disney said about a law in Florida, but do care very much about spending an extra few hundred dollars each month on gas (on top of the few hundred extra they're spending on food, and the several hundred extra they're spending on rent, and...).

I really hate to say this because I thought it was fucking moronic at the time, but we need something with the simplicity of Palin's "drill baby, drill" from the 2008 race.

Then we need actual sensible energy policy.
 
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#347
Prices just went up here on the NATO Fuel Card Rations... Now we are sitting at $6/gal and the locals are paying over $10. Cant wait to see how high it gets in the next 5 months...
 
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#349
Hobo Hilton said:
In 5 months you may not be able to get any fuel, at any cost. Plan accordingly. OCONUS covers a wide area...
Click to expand...
Oh if this keeps going, they’ll probably end up revoking the fuel ration entitlement and make us pay market/host nation prices.

…that’s when my truck will sit in the driveway and I’ll ruck to work.
 
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