Page 72 - Refining Capacity News Today

What people are experiencing at the pump and saudi arabia is head of opec. we need to have increased production so that everyday citizens in america will not be feeling this pain that theyre feeling right now. so all around the world, hes asking for people to increase production. but especially our own oil and gas producers. >> so shes talking about production, youre saying it is not just production, it is about refinery capacity. how do you address that issue? >> well, it is something that isnt...

Oil supply, thats the global issue right now, but oil has come duown a bit. there is some room to be made potentially, but the problem also is that there is simply not enough refining capacity across the u.s. this is a problem that has really accelerated in the last few weeks with the increase in demand we have been witnessing, even as americans are experiencing high prices, more of them are getting out. so you can have, you know, if the saudis and the biden administration make a deal, the next ...

Have a -- we have a chance here to make a fundamental turn toward renewable energy, electric vehicles, and not just electric vehicles, across the board, and thats something we should be -- my team is going to be sitting down with the ceos of the major oil companies this week, and deciding how they justify making $30 billion on the first quarter. >> are you planning on sitting down with oil and gas ceos? >> no. >> whys that? >> my team is going to do that. >> you did that withgistic comp consumer...

Joe Biden's handlers have done all they could from the moment he was installed as 'president' to jack up the price of gasoline, diesel fuel, jet fuel, and other fossil fuels. They [...]

Me. will: how about this oil companies are reducing production and racking uproared prices. that is why youre paying over five dollars at the pump. president biden: oil company, instead everybody, says, biden wont let them drill. they make more money drilling buying back their own stock. will: why has production gone done? it could be when biden administration came into office they suggest they want to put oil and gas out of business. tin point policy plan to leadership, said specifically, pete,...

Secretary over the white house. >> why not drill more here in the u.s.? >> we dont need to do that. what we need to do with the oil thats out there, we need them to refine that oil so that prices -- the capacity could go up and in prices would go down, inherently go down. >> shannon: okay, now exxonmobil had a statement that seemed, you know, as are kevin corke reported earlier as a polite but firm brush back on this. they said when it comes to refining capacity, weve been investing through the ...

Process for you to develop the tracks you already have. we are going to make it more difficult for you to refine things. think about this. 30% of our oil and gas, excuse me, of our diesel and our gasoline comes from small refiners. a week ago friday the administration said we are going to never, give no exemptions for air credits which are very important for these small refiners to stay in business. we are going to go back and withdraw our exemptions that we gave you for the last four years and ...

>> so heres the key. theyre talking about oil refineries and that -- and thats it because they want to expand refining capacity to lower the prices what we all pay at the pump. heres the thing. people dont understand. most refineries process oil that comes from overseas or comes from someplace else instead of united states. the administration doesnt want new production in this country. they want to expand the refinery capacity so when they toss the -- they revealed the game plan to the administr...

>> so, mike, you got pumping in the oil but youre not refining it and the refineries are making too much money. tell me the realities of refineries in america, why we dont build anymore. >> again, this is another false narrative being pushed by the white house. in fact, just today, i sent a letter in response to the presidents letter from yesterday outlining the falsity that they are putting forward in terms of what refining capacity is. the truth of the matter is that were down in terms of refi...

>> there is a lot of people out there in the predicting business. were in the building business. >> i told the biden economic advisor to play dodge ball. an olympic sports with him. david asman with me now on the mezzanine with the breaking developments. first i want to go to peter doocy live at the white house where there might be more dodge ball on the lawn later. >> well see, harris. the white house is focusing on high prices mostly of gas. they are blaming big oil for not refining more and n...