Refinery Capacity?
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Ah, so you and that guy want to talk about oil refinery capacity in the USA, eh?
See https://www.eia.gov/tools/faqs/faq.php?id=29&t=6 .
How much NEW refinery capacity got built in the USA during the Trump years?
- ONE, with a total refinery capacity of 35,000 b/cd.
How much NEW refinery capacity got built in the USA during the Obama years?
- FOUR, with a total refinery capacity of 155,750 b/cd.
How much NEW refinery capacity got built in the USA during the G.W. Bush years?
- ZERO
The article you linked to tries to blame his perceived lack of refinery capacity on the Biden administration’s policies and regulations, but that ignores the actual history of what refinery capacities got built in the USA.
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It takes fine to seven years to plan for and build a refinery. That would indicate that these plans mostly started during the Bush administration.
Jesus. At least do some homework before you trot out talking points.
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It takes fine to seven years to plan for and build a refinery. That would indicate that these plans mostly started during the Bush administration.
Jesus. At least do some homework before you trot out talking points.
@Mik said in Refinery Capacity?:
It takes fine to seven years to plan for and build a refinery. That would indicate that these plans mostly started during the Bush administration.
Jesus. At least do some homework before you trot out talking points.
Oh sure, let’s try it your way … let’s shift everything “five to seven years” — this makes the author’s blame on Biden even sillier because the Biden administration has not have “five to seven” years to affect any new refinery build or lack thereof.
Either way you look at it, the author ignores the actual history of what refinery got built in the USA.
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Did you even read the article? The author does not blame Biden.
“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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@Mik said in Refinery Capacity?:
Link to videoDid you even read the article? The author does not blame Biden.
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@Mik said in Refinery Capacity?:
The author does not blame Biden.
The author just can't help panning whatever steps taken by the Biden administration to deal with high oil prices.
Now back to main point about the author ignoring the actual history of what refinery capacity got built in the USA, take for example this paragraph:
- ... If you go back to 2014, oil prices were above $100 a barrel. Now, look at the reference price for diesel. It was right around $4.00 per gallon, a far cry from the $5.65 a gallon that is associated with the current, $100 oil price. What changed?
His answer to "what changed" is "[r]educed refining capacity," in the subsequent paragraph where we went on to cite a 900 b/cd refinery capacity decline in 2020. If you look up the US' historical refinery capacity, you would see that even after the cited "900 b/cd" reduction, the post-2020 refinery capacity still exceeded our 2014 capacity (a time frame the author picked to illustrate $4/gal diesel when crude exceeded $100 per barrel, to contrast with recent day's $5.65/gal also with crude exceeding $100 per barrel).
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No Ax, it's not Biden's fault that there is a diesel shortage. It's a worldwide problem. Demand dropped during the pandemic, so capacity was cut. You can't just get up one day and put capacity back where it was. It takes time.
And THAT is where your Biden ass kissing gets stupid. A real leader would know this, and plan for it. How? By making sure the oil supply was flowing unhindered. By reducing the regulations that strangled the oil industry so they could move fast. Your moron Biden did just the opposite on day one. And he STILL wont undo the damage he did. So while its not Biden's fault that there is a deisel shortage, it IS Biden's fault that it can't be fixed.
