In 2010, there were 149 operable U.S. refineries with a combined capacity of 17.6 million barrels (2,800,000 m3) per day. Something odd started happening in late 2010-early 2011. The US oil refinery industry quielty announced the closure of numerous US oil refineries. Many are completely unaware the US ships oil overseas to be processed. We do so as we do not have enough refineries to process the vast amounts here, and we are barred from building anymore refineries. All refineries perform three basic steps: separation, conversion, and treatment. Pretty simple.
Several reasons include technical and economic factors as to why we ship it overseas to be processed.
1. The crude petroleum is sold to the highest bidder, NOT the nearest bidder
2. There are different kinds of crude oil, such as sweet/light and dark/heavy. They have different applications and uses.
3. Different kinds of refining processes are needed to make different products from the crude oil. Petroleum is processed to make lots of products other than gasoline, like plastics and asphalt.
4. Politics, unions and the "enviornmentalists"
How many of you are aware Sunoco, ConocoPhillips and The HESS Corp are all closing US oil refineries? Not many, as the media refuses to give this HUGE story coverage. My guess is that if Americans understood the complete truth to how we are being sold out, and enslaved there just might be the much needed revolution to turn this country around.
Last September, both Sunoco & CP announced plant closing, effecting thousands of workers. Sunoco announced they are completely getting out of the oil industry. Closing up shop. They are done with the US oil industry.
Sunoco is closing it's 2 oil refineries in July 2012 in Philadelphia and Marcus Hook, Pa. Those 2 facilities alone process over 500,000 barrels a day.
Also announced last year, ConocoPhillips announcd 2 plant closing for sure in Trainer, PA and Bayway, NJ., the other 3 plnts are undecided as of today.
Conoco also announced they were closing their Alaskan refining facility:
Valero also announced in late 2011 the closure of US oil refining facilites, costing numerous jobs, and the loss of 210,000 barrels of oil per day:
Just a week ago, the US 3rd largest oil refinery owned and operated by The HESS Corp just announced it's permanent closure. Costing over 2,000 jobs, and effecting 950 contractors:
Refineries on the East Coast of the US supply 40% of the gasoline sales and 60% of the diesel and other fuel oils.
Of that, HALF that comes from the Sunoco & ConocoPhillps plant closures.
When ConocoPhillips announced that it was closing the Trainer refinery, Willie Chiang, then ConocoPhillips' Senior Vice President of Refining, Marketing, Transportation and Commercial, noted that their decision to sell, like Sunoco's, was based on unfavorable economics caused by a competitive and difficult market environment characterized by "...product imports, weakness in motor fuel demand, and costly regulatory requirements."
They are ALL closing up shop due to gov regulations, union demands and excessive operating costs brought on by the Gov regulations.
Then you have the unions, led by Barry's buddy Leo Gerard saying they will clsoe ALL US oil refineries starting from the east coast to west coast today.
The unions are shutting down ports, rail and air across the pond right now......the SAME EXACT thing they plan on doing here. When the ships stop importing, the rails & air stop delivering....how much is everything you consume gonna cost? Remember...we are a CONSUMING country, no longer a producing one.
The excessive and costly gov regulations on the US oil refinery market has forced companies to re-evaluate the cost of doing business in the US.
Why have operations in the US where you bleed money via regulations & demands, when you can have refineries built in Columbia, Mexico or Brazil for pennies on the dollar, and less regulations?
It's all business America...nothing personal.
Besides.....your gov is giving BILLIONS to Columbia and Brazil to build refineries to process all that oil the US is losing.
We are building up every country on earth, while destroying our own....all in the name of redistribution of wealth.
I covered some of these "deals" Barry inked in my previous note:
You do the math. When the US oil refineries finally close up shop, who will process all that oil....and how much do YOU think that oil will cost when it's ALL processed over seas?
Think gas and energy costs are high right now.......wait 6 months. You haven't seen anything yet.
How can anyone expect any company to do business with an anti-American, hostile gov out of control? You can't. That is why we are seeing a mass exodus, across the board in every industry in the US LEAVING.
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9 comments:
So if the oil companies are getting out of the oil business, who will they earn money?
Just asking.
Businesses making decisions based on profit motives? Closing down or selling off unprofitable parts of your company? What the hell do they think this is, capitalism or something?
Wait, let's blame the evil unions! Its their fault that refineries without access to cheaper supply lines aren't profitable! Why don't those lazy bums find some cheap crude oil supplies closer to the unprofitable factories!?!
Wow a lotta boo hoo from BigOil, who doesn't pay a dime in taxes. In fact, it's us taxpayers who pay THEM to, you know, drill OUR oil, refine it, and then sell to foreign countries like India & China.
It would be "nice" if wingnuts could ever *learn* something factual about what's going on. But given the reality of how much money the 1% pours into disinformation like this - which panders to the nuttiness of wingnuts, who love to run around feeling victimized to leftwingers somehow - it's unlikely that reality will smack these fools upside their pinheads any time soon.
My prediction: the cost of gas at the pump will continue to rise, but it has NADA, Zip, bupkiss to do with oil refineries closing. It's all about the money, honey, and how much can be gouged out of stupid idiotic US consumers who are easily satisfied by being directed to hate some other portion of the 99%, rather than focus on how the 1% are the ones ripping us off.
REFINERYS or refineries? Just saying'....anybody who can't even spell the word correctly...well...what can I expect from a RWF?
If they're so hellbent on closing refineries, just nationalize them.
Then the profits can be used to fund infrastructure repairs, energy research, education, etc. A win for everybody except the greed-heads.
And they'd be properly regulated and the unions would still represent the interests of labor, as they are SUPPOSED TO DO.
Commie! /s
I prefer the term 'socialist', but to today's looney cons, even Reagan was a proto-communist.
( =
Oh, and in case any cons wander over here wondering about the role of labor:
Overtime pay
Child Labor Laws
Parental Leave
Sick Leave
Pensions
401K
Workers Comp
Minimum Wage
Basic Health Care
Grievance
Unemployment
even having the effing weekend off...
That is ALL from Labor battling the plutocrats.
If you don't fight for it, they won't give it to you.
And they will fight like hell to steal it back...if you let them.
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