Friday, September 09, 2022 11:31:19 PM
Texas refinery on life support
An aging Texas refinery might not make it to it’s planned closing date at the end of 2023. That means you can kiss goodbye 200,000 barrels of fuel, per day. The LyondellBasell Industries facility in Houston covers a full 700 acres.
When it was brand new, it was the epitome of 1918 technology. They’ve been patching the hundred and four year old machinery with bubblegum and glue, hoping to keep it brewing petroleum a little while longer, but the equipment had other plans.
If a recent “major equipment failure” spreads to other crucial units, they’ll have to pull the plug, “two people familiar with the issues told Reuters.”
This particular refinery puts out 268,000 barrels of oil per day, along with 92,600 bpd of diesel fuel, 89,000 bpd of gasoline and 44,500 bpd of jet fuel. Diesel grade will be the biggest problem. It’s already in short supply.
The company rushed to reassure the public the plant isn’t dead yet. “The Houston Refinery is currently operating as planned,” officials said in a statement on Tuesday, June 7.
They committed to keeping the gas pumping until December 31, 2023 and they plan to stick with it. The company “will continue serving the fuels market, which is expected to remain strong near-term.”
The fuels market is like a vampire with a straw sticking into the local blood bank.
In case you were wondering if maybe construction could be ramped up on the new one, the bad news is that there won’t be a new one. When LyondellBasell announced back in April they were closing the refinery down, they noted “the heavy financial burden of upgrading” wasn’t worth it.
Fossil fuels are waning in popularity. “The company determined that exiting the refining business, by the end of next year, is the best strategic and financial path forward.”
It’s not going to be easy finding a replacement, especially not on short notice. This refinery happens to be one of the 25 largest-capacity facilities in the U.S. according to the Energy Information Administration.
The crunch will be felt even harder because “six refineries with a capacity of about 801,000 bpd of oil have shuttered” since Joe Biden took control.
With all the climate change activism and the administration making it clear that oil has no place in America anymore, nobody wants to bother going to the hassle of getting approval to produce gasoline.
There simply isn’t enough incentive to build a new refinery. Biden has decided that the best way to cope with the diesel shortage is eliminate the trucking industry. That way he won’t have them swirling around the beltway, which makes Democrats nervous.
https://rightwingnewshour.com/oil-refinery-about-to-go-kaput-with-really-bad-timing/
An aging Texas refinery might not make it to it’s planned closing date at the end of 2023. That means you can kiss goodbye 200,000 barrels of fuel, per day. The LyondellBasell Industries facility in Houston covers a full 700 acres.
When it was brand new, it was the epitome of 1918 technology. They’ve been patching the hundred and four year old machinery with bubblegum and glue, hoping to keep it brewing petroleum a little while longer, but the equipment had other plans.
If a recent “major equipment failure” spreads to other crucial units, they’ll have to pull the plug, “two people familiar with the issues told Reuters.”
This particular refinery puts out 268,000 barrels of oil per day, along with 92,600 bpd of diesel fuel, 89,000 bpd of gasoline and 44,500 bpd of jet fuel. Diesel grade will be the biggest problem. It’s already in short supply.
The company rushed to reassure the public the plant isn’t dead yet. “The Houston Refinery is currently operating as planned,” officials said in a statement on Tuesday, June 7.
They committed to keeping the gas pumping until December 31, 2023 and they plan to stick with it. The company “will continue serving the fuels market, which is expected to remain strong near-term.”
The fuels market is like a vampire with a straw sticking into the local blood bank.
In case you were wondering if maybe construction could be ramped up on the new one, the bad news is that there won’t be a new one. When LyondellBasell announced back in April they were closing the refinery down, they noted “the heavy financial burden of upgrading” wasn’t worth it.
Fossil fuels are waning in popularity. “The company determined that exiting the refining business, by the end of next year, is the best strategic and financial path forward.”
It’s not going to be easy finding a replacement, especially not on short notice. This refinery happens to be one of the 25 largest-capacity facilities in the U.S. according to the Energy Information Administration.
The crunch will be felt even harder because “six refineries with a capacity of about 801,000 bpd of oil have shuttered” since Joe Biden took control.
With all the climate change activism and the administration making it clear that oil has no place in America anymore, nobody wants to bother going to the hassle of getting approval to produce gasoline.
There simply isn’t enough incentive to build a new refinery. Biden has decided that the best way to cope with the diesel shortage is eliminate the trucking industry. That way he won’t have them swirling around the beltway, which makes Democrats nervous.
https://rightwingnewshour.com/oil-refinery-about-to-go-kaput-with-really-bad-timing/
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