ExxonMobil unleashing 'much needed' affordable energy with industry’s biggest refinery expansion in 10 years

Fox Business ^ | 4/24/23 | Kristin Altus

[CFW]

Near the Gulf Coast just east of Texas’ oil-rich Permian Basin, nearly 2,000 ExxonMobil contractors are making sure the company’s latest project – which includes 26 miles of piping, 35 miles of electrical wiring and 875 tons of steel – is pumping oil at full capacity.

senior vice president of global operations detailed how the company’s Beaumont complex is not only fueling U.S. energy supply but also the economy.

"When you put it all together and you look at this particular location, what I love about it, it allows us to buy what I consider to be very much needed, affordable energy, and in a very reliable supply to fuel the economy that we have here in Texas, the U.S. and, I say, across the globe," Janet Matsushita told Fox News Digital.

After beginning construction in 2019, the Beaumont refinery startup broke ground just over one month ago and added 250,000 barrels per day to its oil output, increasing its total processing capacity to more than 630,000 barrels daily. To put things into perspective, this equates to a sizable 4 million gallons per day, providing enough fuel to power 61,000 long-haul trucks in a single day.

[DoughtyOne]

I’d like to see some way found to reduce our federal debt.

A little bit of this. A little bit of that.

Expanding our capabilities should lower prices a little and
make it possible to stop some of the brief shortages that
crop up from time to time.