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Started By
Message
re: WSJ: Why Gasoline Prices Are Rising Faster Than Usual This Year
Posted on 3/29/24 at 10:07 am to Chucktown_Badger
Posted on 3/29/24 at 10:07 am to Chucktown_Badger
quote:
So why don't they build a refinery in the west somewhere?
EPA restrictions
High cost of capital
Why would you invest billions of dollars in building a refinery when the EPA permitting process would make it a minimum 5 years before you’re actually MAYBE processing crude. Now add in the fact that the federal government is actively pushing policies and subsidies to try and reduce the use of crude oil, why wouldn’t refiners simply make slight upgrades to existing structures and plants versus trying to build new ones?
1
Posted on 3/29/24 at 10:19 am to Oilfieldbiology
quote:
EPA restrictions
High cost of capital
Why would you invest billions of dollars in building a refinery when the EPA permitting process would make it a minimum 5 years before you’re actually MAYBE processing crude. Now add in the fact that the federal government is actively pushing policies and subsidies to try and reduce the use of crude oil, why wouldn’t refiners simply make slight upgrades to existing structures and plants versus trying to build new ones?
Thanks for the thoughtful response, but it was more of a rhetorical question. I have no sympathy for the woes of people out west who did this to themselves.
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