Page 70 - Refining Capacity News Today

Security told to address global crude supplies but they never talk about the fact that we cant refine that oil here in order to turn it into gasoline. >> you are right. right now its all about refining capacity. this is why this was a strategic wonder by the biden administration to go down this route. it was the wrong cure for the wrong disease. and what happened? we sold a lot of our oil to other countries at a discount. were going to have to buy back the american taxpayer has us a higher price...

Despite the domestic supply issues, oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million barrels per day in the second quarter of 2022

Rebate, under $75,000, 350, or eligible for $350. under 120,000, 250. >> speaks to what politicians want to make people think they are doing. we are doing something about it, the best we can, give you a rebate, you know, suspend the gas tax as has been proposed for a certain amount of time. when the real longer term problems here are much harder to solve and you know, whether they are solveable is an argument, you are talking about the supply side of it where we have a shortage, understandably s...

Print -- the government would borrow more monies and the fed would print more to finance it, and that works counter to your efforts. this is a gimmick. the president can suggest it, congress says, no. he says im willing to do something. look at all the republicans who wont. arthel: so meanwhile, crude oil supply is down, so is refining capacity. is there any other way to bring down gas prices? >> well, we have to change the facts on the ground. the president has taken a number of policies which ...

Increase _ companies use policies to increase refining capacity rather _ increase refining capacity rather than buy back their own stock, — rather than buy back their own stock, companies that pass on the decrees to lower prices at the decrees to lower prices at the pump, together these actions _ the pump, together these actions could help drop the price — actions could help drop the price at— actions could help drop the price at the pump by $1 a gallon— price at the pump by $1 a gallon ...

Have already suspended gas tax have done so it largely has been passed on to the american people. so -- and at the pump. so we would scrutinize it and we would call on the industry to do exactly that, to pass it on. look, its important to note that the president has taken extraordinary steps so far culminating in todays call on congress to suspend the gas tax. he has released a million barrels a day, 180 million bar barrels, has led the world in increasing that amount so there could be a global ...

Tax holiday saying it could do more harm than good and change the supply and demand curves for fuel and transportation. speaking of ceos end of the oil company chief is responding to bidens letter last week with puppeteer and not doing enough. and writing this "your administration is largely to criticize and sometimes vilify our industry. these actions are not beneficial to meeting the challenges we face and are not what the american people deserve." that was met with a snarky response from the ...

Have a more systemic support for reducing the price of gasoline at the pump. >> in terms of what the industry is saying or feeling about the comments that the president and energy secretary granholm have made the chevron ceo wrote an open letter to the president saying, quote, your administration has largely sought to criticize and at time vilify our actions. these action right side not beneficial to meeting the challenges that we face. if they say to you and they do say we dont see demand for g...

Challenges we face and are not what the american people deserve. president biden appears unphased. >> president biden: i didnt know they get their feelings hurt that quickly. look, we need more refining capacity. this idea that they dont have oil to drill and to bring up is simply not true. >> these big oil ceos are invited to the white house tomorrow. but president biden says he is not going to see them. he will leave that up to staff. >> bill: thanks for that. well track it. what difference wo...

Senator, if this backfires in some way, too. some economists we were just reporting this say this could drive demand back up when americans are getting ready to hit the road. maybe some will say im saving 18 cents, lets buy the gas now and hit the road which drives us into potential shortages, doesnt it? >> yes, it absolutely does given that president biden. we canceled the keystone pipeline and he has shut down oil and gas leasing. claimed to have lifted the moratorium but its still in place wi...