Originally Posted by
Buck Rogers
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?
You got me. I should have said no new “major” refineries have been built in a couple decades. Even the Chevron CEO says the same thing.
There have been plenty of small
refineries built. Mostly niche refineries that refine special blends or product. Lots of those were built during the shale boom because refining shale is very difficult.
I never said they did zero investment is the last 40 years. Like I said previously times, they gotta come down and refurbish. It’s good they increased capacity, they had to. It’s a lot cheaper than building a whole new major refinery.
You still haven’t countered the initial point: refining is our bottleneck.