Page 68 - Refining Capacity News Today

There are good and bad ideas for dealing with high gas prices.

U.S. oil refining capacity has been hit hard since the Covid-19 pandemic, and as the energy transition accelerates, refiners will have to exercise even more caution in the years to come

>> there is no way any company can absorb cost increases like this and any business will not stay in business very long. the larger fleets are a little bit better position to deal with these conditions, smaller fleets and like 91% of the nations truck fleet, companies have six or fewer trucks, were talking about main street type businesses and it is a huge drain on them to keep up with costs. they try to pass them on, rarely able to at 100%. >> carley: what is causing the diesel shortage? >> com...

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You havent built refineries in decades. the shortage of refining capacity you have, increase the price of gasoline, has nothing to do with the fundamentals of supply. rachel: we shut down pipelines to move the oil and gas and the federal government, the biden administration playing a trick saying we are allowing leases but they are not approving them so in the future this will be our future in terms of investments that are not being made and shorter supply in the future. this is intentional. wil...

Cut, yes, but in reality, its only about 850 — 900,000 barrels because they cut from the quotas and the quotas... 0pec has ever fulfilled the quotas for the long time so the real cut is much smaller and it means for oil prices, they have gone up means for oil prices, they have gone up but lets not forget, over the past quarter, the third quarter, the fallen down by between 25—30% so they really come down and the price at the pump is not only dependent on the input, on the crude, it is also d...

Production act to make sure that we can stand up adequate refining capacity to re-find as crude oil as possible with gasoline. increased gas supplies and reduce prices at the pump, neil. >> neil: we are running refining capacity 94%, all-time highs. i guess we could boosted a couple more percentage but the industry comes back and says "we need more areas to go to." a lot of them being closed off. what do you say? >> so two things, one refining capacity is down by 1 million barrels per day and th...

Driving a lot of thoughts now that we need more drilling and gas. we need more drilling of oil. we need more coal. no we dont. we absolutely dont and we dont have a false narrative going into this. echo comments by the advisor mccarthy who essentially said the same. it is lazy to assume that it is all about energy production or traditional energy production. if i am an oil guy, congressman, i am saying theres a short shelf life on a big expense from about to make, i might not make it. >> i think...

Together are one of the top five holders of u.s. debt. we have no leverage. >> the timing is also terrible for the white house with the mid-terms a month away now oil industry heads say the administration is weighing a gas export ban and warned granholm in a letter yesterday it would backfire. banning or limiting the export of defined products would reduce domestic refining capacity, put upward pressure on consumer fuel prices and alienate u.s. allies during a time of war. they tell fox export b...

The detail its easy _ the ukraine. also the devil in the detail its easy to - the ukraine. also the devil in the detail its easy to think. the detail its easy to think oh my goodness me, these oil giants are making two months of money right now therefore they must share this out. its immoral. and yet when we look at things like refining capacity and investment in that and future renewables, you know not so long ago these oil companies were really struggling with the price of oil pretty much coll...