(Total Views: 274)
Posted On: 06/28/2022 6:34:09 PM
Post# of 126635
I have a good friend who worked in the oil field industry all around the world his entire career.
The existing oil leases are almost worthless given the years it takes to get the approvals and permits.
The existing refineries are all OLD, parts worn out and too expensive to build new ones due to Biden's war on oil companies.
Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the next few years.
LyondellBasell closing Houston refinery next year. It is over 100 yrs old.
Fuel prices starting rising when Biden cancelled the Keystone pipeline and the war had nothing to do with that.
The existing oil leases are almost worthless given the years it takes to get the approvals and permits.
The existing refineries are all OLD, parts worn out and too expensive to build new ones due to Biden's war on oil companies.
Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the next few years.
LyondellBasell closing Houston refinery next year. It is over 100 yrs old.
Fuel prices starting rising when Biden cancelled the Keystone pipeline and the war had nothing to do with that.
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