Smartest people in the room propose another ignorant idea

[raleighherdfan]

From another article in Southern California. Their prices hit all-time highs today:

Crude oil costs account for slightly more than half of the pump price, according to the U.S. Energy Information Administration. The rest of the price includes the other components of gasoline, production costs, distribution costs, overhead costs for all involved in production, distribution and sales, taxes and carbon offset fees in California paid by the refineries.

 

[alphasig1053]

5 of the last 6 refineries have been built under democrat presidencies.

Yeah, you say that as something to be proud about. I thought you libturds were against that sort of thing.

 

[KyMUfan]

 

[raleighherdfan]

5 of the last 6 refineries have been built under democrat presidencies.

The last refinery to be completed in the United States was in 1976,

https://www.nytimes.com/2005/05/09/...in-29-years-there-might-well-be-a-reason.html

However, the newest refinery with significant downstream unit capacity is Marathon's facility in Garyville, Louisiana. That facility came online in 1977 with an initial atmospheric distillation unit capacity of 200,000 b/cd, and as of January 1, 2021, it had a capacity of 578,000 b/cd.

https://www.eia.gov/tools/faqs/faq.php?id=29&t=6

this must have been back when Dems were pushing global cooling.

 

[extragreen]

The last refinery to be completed in the United States was in 1976,

https://www.nytimes.com/2005/05/09/...in-29-years-there-might-well-be-a-reason.html

However, the newest refinery with significant downstream unit capacity is Marathon's facility in Garyville, Louisiana. That facility came online in 1977 with an initial atmospheric distillation unit capacity of 200,000 b/cd, and as of January 1, 2021, it had a capacity of 578,000 b/cd.

https://www.eia.gov/tools/faqs/faq.php?id=29&t=6

this must have been back when Dems were pushing global cooling.

You're an idiot.

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

 

[raleighherdfan]

You're an idiot.

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

Says the guy bragging about the 1970’s energy policy. Bahahahaha

 

[extragreen]

Says the guy bragging about the 1970’s energy policy. Bahahahaha

You're a liar and idiot. As always.

 

[raleighherdfan]

You're a liar and idiot. As always.

You don’t agree with the links? Then refute them moron.

 

[extragreen]

You don’t agree with the links? Then refute them moron.

You idiot. Your second link proved you wrong.

"The newest refinery in the United States is the Targa Resources Corporation's 35,000 barrels per calendar day (b/cd) condensate splitter in Channelview, Texas, which began operating in 2019.

Year built	First operated	Location	Original owner	Original capacity b/cd	Current owner	2021 Capacity b/cd
2018	2019	Channelview, Texas	Targa Resources	35,000	Hartree Partners	35,000
2016	2017	Corpus Christi, Texas	Magellan Midstream Partners	42,500	Magellan Midstream Partners	42,500
2015	2015	Corpus Christi, Texas	Buckeye Partners	46,250	Buckeye Partners	60,000
2015	2015	Houston, Texas	Petromax Refining	25,000	Petromax Refining	25,000
2014	2015	Galena Park, Texas	Kinder Morgan	42,000	Kinder Morgan	84,000
1998	1998	Atmore, Alabama	Goodway	4,100	Goodway	4,100

 

[raleighherdfan]

You idiot. Your second link proved you wrong.

"The newest refinery in the United States is the Targa Resources Corporation's 35,000 barrels per calendar day (b/cd) condensate splitter in Channelview, Texas, which began operating in 2019.

Year built	First operated	Location	Original owner	Original capacity b/cd	Current owner	2021 Capacity b/cd
2018	2019	Channelview, Texas	Targa Resources	35,000	Hartree Partners	35,000
2016	2017	Corpus Christi, Texas	Magellan Midstream Partners	42,500	Magellan Midstream Partners	42,500
2015	2015	Corpus Christi, Texas	Buckeye Partners	46,250	Buckeye Partners	60,000
2015	2015	Houston, Texas	Petromax Refining	25,000	Petromax Refining	25,000
2014	2015	Galena Park, Texas	Kinder Morgan	42,000	Kinder Morgan	84,000
1998	1998	Atmore, Alabama	Goodway	4,100	Goodway	4,100

We were talking NEW. Brand NEW refineries. Not existing refineries with upfitted capacity. Better take your issue up with the EIA.
However, the newest refinery with significant downstream unit capacity is Marathon's facility in Garyville, Louisiana. That facility came online in 1977

 

[extragreen]

We were talking NEW. Brand NEW refineries. Not existing refineries with upfitted capacity. Better take your issue up with the EIA.
However, the newest refinery with significant downstream unit capacity is Marathon's facility in Garyville, Louisiana. That facility came online in 1977

Have someone explain to you the idea of "year built". You stupid lying moron.

 

[i am herdman]

They are saying gas in NC is getting ready to approach $5 a gallon. Mush Biden is an idiot and this is all in the name of green energy. The left thinks they can punish the people into green energy that doesn't even exists in mass production or capability yet. Gee, thanks. Make us be punished because of your cult religion of climate change.

 

[extragreen]

They are saying gas in NC is getting ready to approach $5 a gallon. Mush Biden is an idiot and this is all in the name of green energy. The left thinks they can punish the people into green energy that doesn't even exists in mass production or capability yet. Gee, thank. Make us be puished because of your cult religion of climate change.

You're a lying idiot trumptard oath breaker.

 

[raleighherdfan]

Have someone explain to you the idea of "year built". You stupid lying moron.

Take it up with the EIA. That quote was in the article….moron.

 

[extragreen]

Take it up with the EIA. That quote was in the article….moron.

Have someone explain to you the idea of "year built". You stupid lying moron.

 

[raleighherdfan]

They are saying gas in NC is getting ready to approach $5 a gallon. Mush Biden is an idiot and this is all in the name of green energy. The left thinks they can punish the people into green energy that doesn't even exists in mass production or capability yet. Gee, thanks. Make us be punished because of your cult religion of climate change.

Of course this is true. Mush has been admitting this from the beginning. Obumma said this is what their policy was meant to do long before Mush. Dipshits like Greed don’t mind paying this at the pump as long as their guy is in office.

 

[i am herdman]

Of course this is true. Mush has been admitting this from the beginning. Obumma said this is what their policy was meant to do long before Mush. Dipshits like Greed don’t mind paying this at the pump as long as their guy is in office.

Oh, so make the average joe pay for it? They think they are going to force 20 years of technology to be mass produced suddenly? And, we get punished along the way?

That's the party of the working man? My ass it is.

 

[extragreen]

Of course this is true. Mush has been admitting this from the beginning. Obumma said this is what their policy was meant to do long before Mush. Dipshits like Greed don’t mind paying this at the pump as long as their guy is in office.

You're a lying idiot.

 

[extragreen]

Oh, so make the average joe pay for it? They think they are going to force 20 years of technology to be mass produced suddenly? And, we get punished along the way?

That's the party of the working man? My ass it is.

You're a lying idiot trumptard oath breaker.

 

[herdfan429]

Good thing the Biden admin is using the defense authorization act to speed up solar panel production

 

[raleighherdfan]

Good thing the Biden admin is using the defense authorization act to speed up solar panel production

That's caring for the common man right there. Unmistakable compassion.

 

[KyMUfan]

I recognize demand has significantly increased since last year which will impact the bottom line..but I also recognize the highest oil price increases probably occurred since March....I guess we'll see how this impacts profits.

According to this article, oil companies have experienced some pretty strong year-over-year performances:

BP posted its highest quarterly profit in over a decade

In the first quarter, Shell's adjusted earnings rose to $9.1 billion from $3.2 billion in the same period last year. Net income rose to $7.3 billion from $5.8 billion in last year's first quarter.

At the end of April, Exxon Mobil reported $5.48 billion in profits during the first quarter of 2022 – also more than doubling its profits compared with the same period last year.

Also at the end of April, Chevron reported a quarterly profit of $6.26 billion, over four times its earnings of $1.4 billion in the first quarter of last year.

For the first quarter of the year, Phillips 66 reported first-quarter earnings of $582 million, with adjusted earnings of $595 million.

In 2021, Phillips 66 reported a first-quarter loss of $654 million, with an adjusted loss of $509 million.

Oil giants reap record profits as war rages in Ukraine, energy prices soar: Here's how much they made

Profits for Exxon Mobil, Shell, Chevron and more rose by billions in the first quarter – despite costs from war in Ukraine and soaring energy prices.

www.usatoday.com

I'm thinking a windfall profits tax is in order for Disney...

https://www.newsmax.com/finance/streettalk/disney-cruise-ship-wish-bob-chapek-metaverse/2022/06/29/id/1076624/

"The cruise business is part of Disney's massive theme parks, experiences and products unit, which has rebounded from pandemic closures. Operating income hit $4.2 billion in the first half of fiscal 2022, up from a $535 million loss a year earlier."