Posted on 10/29/2022 5:49:34 AM PDT by rktman
U.S. energy executives told Jennifer Granholm that shuttered crude oil refineries won’t restart, Valero’s Chief Executive Joe Gorder said on Tuesday.
The comments were made to the U.S. Energy Secretary at a recent White House meeting with energy executives, Reuters reported on Tuesday.
“The one interesting thing that came out of it, too, was there was consideration for the ability to restart refining capacity that had been shut down, and I think the general sentiment was that wasn’t going to happen,” Gorder said.
Limited U.S. refinery capacity—and perhaps more critically, refinery capacity in specific U.S. geographic areas, known as PADDs—has spared worry in the United States over high gasoline prices and energy security.
US refinery run rates were north of 90% for much of the summer, according to the EIA’s Weekly Petroleum Status Report.
Shuttered refineries unlikely to start back up are the latest nail in the U.S. refinery coffin. In June, Chevron CEO Mike Wirth posited that there would never be another new refinery built in the United States.
“Building a refinery is a multi-billion dollar investment. It may take a decade. We haven’t had a refinery built in the United States since the 1970s. My personal view is that there will never be another refinery built in the United States,” Wirth said at the time.
(Excerpt) Read more at oilprice.com ...
Yeah, we’re about 12 miles from the state line and try to avoid doing any business on the evil side of the border. Sad since there actually are conservatives that live there. Why, I don’t know.
Interesting idea. Have to have an exclusion zone and anti-air/sub/surface around it though.
ASK VENEZUELA
Wyatt’s torch to appear soon????
Chevron is moving their headquarters out of Calif to Texas.
Hell yeah then knew the system.
Fast forward to today, they both left Venezuela with their families and are now in Miami. With no plans to go back.
They traded Venezuelan for Cuban & Puerto Rican...
How many of our refineries both open and closed are owned by foreign companies and foreign nationals? It’s around 30% for tge open ones.
This civil war is so much different than anything we’ve ever seen before.
Globalist/woke/idjit marxist dems/rinos against the people of the USA.
As of the ‘73 oil crisis, not a single new refinery had been built since ‘58. Worse, in 1974, NH residents voted down the construction of a massive refinery there by Onassis, forcing New Englanders to suffer through a decade of expensive heating oil and gasoline.
My current job is to schedule the preparation of a California refinery for demolition.
Well that should make things better. 😎👍. Kind of a sad job eh? Wonder how long the clean up will take. 🛢
which one is going to be demolished ??
NOPE; the DISTRICT OF CORRUPTION is still working diligently at it though!
About a year to decon and maybe two to demo.
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