Chevron CEO Gives Dire Warning About US Oil Refineries
JULY 1, 2022
The U.S. will never ever be energy independent once again if the left gets what they want. The war on oil is genuine. It’s an ideological attack crafted by those who are pirating ecological problems for political gain.
On June 1, Chevron CEO Mike Wirth stated in an interview at Bernstein’s Strategic Decisions Conference that he does not think another oil refinery will be developed once again in the United States. He sees governmental policies as the reason that.
“There hasn’t been a refinery built in this country since the 1970s,” Wirth said when asked about more refining being added in the Gulf of Mexico. “I personally don’t believe there will be a new petroleum refinery ever built in this country again.”
“We haven’t had a refinery built in the U.S. since the 1970s,” Wirth said, according to Bloomberg.
It's a proven fact that liberal policies do not work! Given that, the GOP needs to get ahead of this crisis and assure the Energy Sector that after November, it's time to start ramping up production again! This has to be conveyed today by GOP leaders, so they can prepare!
“Capacity is added by de-bottlenecking existing units by investing in existing refineries,” continued Wirth.
“But what we’ve seen over the last two years are shutdowns. We’ve seen refineries closed. We’ve seen units come down. We’ve seen refineries being repurposed to become bio refineries. And we live in a world where the policy, the stated policy of the U.S. government is to reduce demand for the products that refiners produce.”
Wirth stated the federal government’s existing policy to lower the need is making it “very hard” for a company “where investments have a payout period of a decade or more.”
“How do you go to your board,” asked Wirth, “how do you go to your shareholders and say ‘we’re going to spend billions of dollars on new capacity in a market that is, the policy is taking you the other direction?’”
Good question. A much better one might be, why are leftists in such a rush to get rid of oil? Transitioning to sustainable energy is well and good– the oil supply will not last permanently– however good sense recommends that it will require time.
Even President Joe Biden’s environment czar John Kerry has actually confessed that absolutely zero emissions in the U.S. would have little if any detectable impact on climate change, according to the New York Post.
In 2021, as Biden was preparing to reveal executive actions pressing his $2 trillion Green New Deal-inspired climate agenda, Kerry informed press reporters at a White House press rundown that “He [Biden] knows Paris alone is not enough.”
“Not when almost 90 percent of all of the planet’s global emissions come from outside of U.S. borders,” Kerry continued. “We could go to zero tomorrow and the problem isn’t solved.”
Kerry was describing Biden returning to the U.S. into the Paris Climate Agreement. The truth that this was among Biden’s very first actions as president is informing.
Kerry went on to acknowledge that it would be hard to bring the world’s leading polluters to the table. China alone produces bout 30 percent of the world’s carbon emissions.
The point? Someone else will if the U.S. does not produce oil. Does counting on foreign oil manufacturers make the U.S. more protect? That’s a rhetorical question.
The U.S. requires more oil refineries, not less. One factor for the increasing gas and diesel rates is insufficient oil-refinery capability, according to the National Review. This ought to be more worrying for long-range U.S. energy policy than the war in Ukraine and even domestic crude-oil production.
The only thing you can do is offer it to someone who does if you do not have the capability to improve your own unrefined oil. I think, you might purchase the refined item back. How does that make good sense?
We’re simply setting up future crises if Chevron CEO Mike Wirth is right and the U.S. stops working to focus on refining.
And possibly that’s the leftist technique. Everybody understands how Democrats never let a crisis go to waste.
https://patriotunitednews.com/chevron-ceo-giv...efineries/
JULY 1, 2022
The U.S. will never ever be energy independent once again if the left gets what they want. The war on oil is genuine. It’s an ideological attack crafted by those who are pirating ecological problems for political gain.
On June 1, Chevron CEO Mike Wirth stated in an interview at Bernstein’s Strategic Decisions Conference that he does not think another oil refinery will be developed once again in the United States. He sees governmental policies as the reason that.
“There hasn’t been a refinery built in this country since the 1970s,” Wirth said when asked about more refining being added in the Gulf of Mexico. “I personally don’t believe there will be a new petroleum refinery ever built in this country again.”
“We haven’t had a refinery built in the U.S. since the 1970s,” Wirth said, according to Bloomberg.
It's a proven fact that liberal policies do not work! Given that, the GOP needs to get ahead of this crisis and assure the Energy Sector that after November, it's time to start ramping up production again! This has to be conveyed today by GOP leaders, so they can prepare!
“Capacity is added by de-bottlenecking existing units by investing in existing refineries,” continued Wirth.
“But what we’ve seen over the last two years are shutdowns. We’ve seen refineries closed. We’ve seen units come down. We’ve seen refineries being repurposed to become bio refineries. And we live in a world where the policy, the stated policy of the U.S. government is to reduce demand for the products that refiners produce.”
Wirth stated the federal government’s existing policy to lower the need is making it “very hard” for a company “where investments have a payout period of a decade or more.”
“How do you go to your board,” asked Wirth, “how do you go to your shareholders and say ‘we’re going to spend billions of dollars on new capacity in a market that is, the policy is taking you the other direction?’”
Good question. A much better one might be, why are leftists in such a rush to get rid of oil? Transitioning to sustainable energy is well and good– the oil supply will not last permanently– however good sense recommends that it will require time.
Even President Joe Biden’s environment czar John Kerry has actually confessed that absolutely zero emissions in the U.S. would have little if any detectable impact on climate change, according to the New York Post.
In 2021, as Biden was preparing to reveal executive actions pressing his $2 trillion Green New Deal-inspired climate agenda, Kerry informed press reporters at a White House press rundown that “He [Biden] knows Paris alone is not enough.”
“Not when almost 90 percent of all of the planet’s global emissions come from outside of U.S. borders,” Kerry continued. “We could go to zero tomorrow and the problem isn’t solved.”
Kerry was describing Biden returning to the U.S. into the Paris Climate Agreement. The truth that this was among Biden’s very first actions as president is informing.
Kerry went on to acknowledge that it would be hard to bring the world’s leading polluters to the table. China alone produces bout 30 percent of the world’s carbon emissions.
The point? Someone else will if the U.S. does not produce oil. Does counting on foreign oil manufacturers make the U.S. more protect? That’s a rhetorical question.
The U.S. requires more oil refineries, not less. One factor for the increasing gas and diesel rates is insufficient oil-refinery capability, according to the National Review. This ought to be more worrying for long-range U.S. energy policy than the war in Ukraine and even domestic crude-oil production.
The only thing you can do is offer it to someone who does if you do not have the capability to improve your own unrefined oil. I think, you might purchase the refined item back. How does that make good sense?
We’re simply setting up future crises if Chevron CEO Mike Wirth is right and the U.S. stops working to focus on refining.
And possibly that’s the leftist technique. Everybody understands how Democrats never let a crisis go to waste.
https://patriotunitednews.com/chevron-ceo-giv...efineries/
1
