Page 75 - Refining Capacity News Today

Federal level, perhaps at the state level. refining capacity. when i spoke to gas buddy about this they said, look, that could be a solution but in the long term so not helpful here. and then the bulk of prices of course is crude and demand is such an important part of that. theres not much the president can do about demand. >> but lets talk about what the president can do. im into solutions. >> fair. >> so if tapping into the strategic petroleum reserves didnt help. >> a drop in the bucket. >> ...

Process are people trying to produce oil and natural gas in the united states. the big one we need to tackle we need to get on it as we need more refining capacity here in the united states. everybody likes document how we need to fix supply chain and bring more manufacturing back to the united states get it away from china and other countries around the globe. but if you are not refining more oil and natural gas here at home if we do not expand our refining capacity it is going to be so difficu...

Problems. and so over the last several days its become increasingly apparent that the federal reserve will raise interest rates enough to quell inflation are, but maybe so much so that the economy could slip later in the year until recession. thats why the markets been selling off, you have big retailers like target and walmart delivering disappointing results and all of that has got ton consumer behavior and all of that is where we end up six 0 nine months from now. >> so, if youre budgeting fo...

Energy sector. our refining capacity is 5% lower than it was two years ago. so the refineries are running full bore if they are not shut down for kind of that presummer maintenance. but why do we have less refining capacity than we did two years ago. >> john: and the strategic petroleum reserve at a three decade low now and we have to replenish it at oil at how much a barrel now? >> the release, the strategic petroleum release from biden, did butkus. oil is more expensive today than when the oil...

Kaput. theyre pulling out to the tune of $25 billion. thats a big hit for bp. i dont know how they will do it. half of their proven reserves comes from russia. so where now is that oil going to come from? that is the big question. one that is driving up gasoline prices. take a look today. $3.61 the average gallon of regular. thats up almost a dime in the last week. it continues to rise. everyone says its going to go much higher. the lack of investment in oil production reflects a lack of investm...

A russian energy company on 70% of refining capacity in germany. "the wall street journal" wrote this incredible editorial about energy and it said a question for president biden on oil and natural gas. ask, will you do everything in your regulatory power to make it easier for american companies to produce more oil and gas to make the u.s. and its allies in europe less dependent on russian energy? and he will not do that. he refuses to do it. he still has his minions out talking about, we need t...

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Downstream: Algeria has four oil refineries, with combined capacity of 503,000 bbl/d. The 29,000-bbl/d Hassi Messaoud plant supplies products to souther

The duty benefits led to rapid expansion of refining capacity in India, with number of refineries growing from three in 2012 to 32 in 2020

Climate change is not raising the price of gas. carley: he went on to say his policies would create jobs because hes talking about green energy jobs. you are concerned about line 5 shutting down which would mean you and everybody work with would lose your job. what is your reaction to his statement yesterday? >> he said it point where he has got to say something, symbolic or not. as we talk about we are losing as my colleague mentioned, weve lost 2 million barrels a day of refining capacity in t...