Originally Posted by
SideStickMonkey
It’s been greed plain and simple. Companies did not want to invest in their own infrastructure, in this case refineries. They put off heavy maintenance, not a new one built in decades. The big manufacturers are even off loading their refineries to other companies to get them off their books.
All of this has been happening long before ESG investing came along.
Just want to tap in and provide some actual facts.
There have been 8 brand new refineries built in the last decade.
of the older refineries.....
The #3 refinery in Lake Charles LA est. 1977 had original capacity of 6,500 B/CD Today it's capacity is 135,000B/CD(barrels per calendar day). Yes, you read that correctly!
That's a 2,100% increase in capacity
The #2 refinery in Corpus Christi TX est. in 1977 had original capacity of 15,000 B/CD Today it's capacity is almost 300,000BCB
That's a 2,000% increase in capacity
The #1 refinery capacity in Garyville LA est. 1976 had original capacity or 200,000 B/CD. Today it's capacity is 600,000 B/CD.
That's a 300% increase in capacity.
So, with regard to," Companies did not want to invest in their own infrastructure, in this case refineries.".... I am gonna have to give your whole post 5 Pinocchio's .....IOW, total BS.
Is your post lifted from KJP White house brief?