Categories
Uncategorized

America’s energy problem has nothing to do with drilling

Mike Pence–remember him? The guy Trump wanted hanged by the neck until dead?–tweeted his faux anger that the Biden Administration had canceled the sale of drilling licenses for areas in Alaska and the Gulf of Mexico.  “Unleash American Energy Joe!” he tweeted without regard for punctuation, which Republicans apparently think is too “Democrat” now.

The problem with the current market is multi-fold–from the greed of the oil companies to maintain their profit percentage to refineries switching over to summer blends to a sharp increase in demand–but the issue has never been a lack of crude oil.

American refineries ran at around 90% utilization last week, the eighth straight week they were running at or above 90%.  That’s not good.  With a maximum capacity of 18 million barrels per day, US refineries need to periodically have downtime to conduct maintenance, updates, repairs and formulation changeovers.  Except for scattered spikes, US refinery capacity typically runs in the low-80s. 

The US doesn’t need more drilling; it needs more refining capacity.  For all the talk about the Keystone pipeline being the savior for American power–it won’t be, for a number of reason, the main one being the oil in the pipeline doesn’t belong to the US–the US has steadily been producing more oil since the end of Trump’s pandemic economic collapse.  In short:  we’ve got oil.

Of the US’s 129 refineries, five were built in the last decade, all with middling capacities of less than 50,000 barrels per day.   The last major refinery that could handle more than 50,000 bbl/day?  The 45-year-old, 200,000 bbl/day Marathon refinery in Garyville, Louisiana.

(Another fun little bit of data:  the US uses oil at the rate of 19.78 million bbl/day, but we can only refine 18 million barrels per day.  So when Red Hats babble on about the myth that the US was “energy independent under Trump,” that’s a little factoid that they can rattle around in their skulls.)

The answer to America’s fossil energy problem isn’t more drilling.  It’s more refining, and not little dinky refineries, but ones with significant capacity.  But to solve America’s energy question, we need to move away from fossil fuels to stop the uncertainty of production capacity.

Created by potrace 1.16, written by Peter Selinger 2001-2019

Blurry Oregon ballot barcodes unreadable by scanner, delaying tally of last week’s primary votes

1 hour ago

RINO cuck soyboy Rick Scott agrees Biden duly elected President

2 hours ago

Plane carrying imported baby formula lands in Indiana

2 hours ago

Jif peanut butter recalled due to salmonella contamination

3 hours ago

God punishes Gaylord

3 hours ago

Kansas moved away from border, state’s GOP Senator believes

4 hours ago

CPAC Hungary features speech by hardcore anti-semite

5 hours ago

MAGA Land not pleased to reap the whirlwind

6 hours ago

QAnon con emcee gets lyrics to National Anthem wrong

7 hours ago

Don Jr’s hunting guide faces five years for rigging 2018 bear hunt

19 hours ago

Petulant Russia cuts off gas to Finland after NATO application

20 hours ago

Walker’s connection to veterans group he claimed to have founded another in series of exaggerations he’s made to bolster resume

21 hours ago

Like everything else, Trump making abortion overturn about himself, telling minions it’ll hurt his chances in 2024: report

1 day ago

Six percent of Western Texas county’s total population, county executive judge included, arrested for cattle rustling

1 day ago

Aussie center-left Labor party crush ruling right wing party

1 day ago

RonAnon’s communications director quits

1 day ago

Random thoughts Friday, Volume LXX

2 days ago

Thanks, CBS

2 days ago

MAGA Michigan candidate wants ban on all contraception

2 days ago

HUGE! Campaign manager testifies Hillary PERSONALLY APPROVED the leak of the TRUMP-RUSSIA BANK connection!

2 days ago

Eastman tries to shield hand-written Trump notes from falling into hands of House January 6th investigators

2 days ago

Republican advocacy group that targeted Cawthorn in primary adjusts its sights to take down Boebert

2 days ago

Team Oz and Team McCormick both hire Trump 2020 lawyers

2 days ago

Conservative TikTok poster believes she’s the first person to figure out how to avoid paying federal income tax (She hasn’t)

2 days ago

Republican Virginia state lawmaker Tim Anderson sues Barnes and Noble to force them to stop selling LGBT-themed books to kids

2 days ago

Stygian hag Ginni Thomas emailed Arizona lawmakers to get them to overturn election and send fake Trump slate to electoral college

2 days ago

Clickbait tweet omits actual outcome

2 days ago

Americans exporting gun violence to Canada, study shows

2 days ago

The Devil’s not going back down to Georgia… just yet

2 days ago

US intel pretty sure Putin doesn’t actually care what Russians think

2 days ago

High school dropout happier to complain than actually help

2 days ago

Biden authorizes $100 million in military aid to Ukraine

3 days ago

That’s all good, but Joe won’t have a photo op with Kim, so….

3 days ago

Florida man forges pardon from Trump to get out of fraud charges

3 days ago

Montana GOP House candidate Zinke actually California resident

3 days ago

Judge throws out Lindell “frivolous” defamation lawsuits against Smartmatic, Dominion Voting Systems

3 days ago

Socialist Alaska OK’s $3,200 payout to residents from confiscation of corporate profits

3 days ago

Cawthorn trying desperately to maintain relevance

3 days ago

SpaceX paid woman $250K after Musk exposed himself to her

3 days ago

Forced birther claims Washington DC runs on fetus power

3 days ago

January 6th House investigators believe Georgia Republican gave tours of Capitol day before domestic terrorist attack… but it ain’t her

3 days ago

Topless breastfeeding supermom saves pet goose from eagle

3 days ago

Trump reportedly suggested jailing, executing Michigan Secretary of State for not overturning 2020 election results to give him win

3 days ago

“We understand that the use of imagery depicting Mr Soros as a puppet-master at our state convention raised concerns, buuut…”

3 days ago

Every Republican House member votes against bill authorizing FTC to investigate price gouging by oil companies

3 days ago

Matt Schlapp states abortion ban is conservative counteraction to “Great Replacement Theory” to bolster Real ‘Murican voter rolls

3 days ago

So many incel MAGA boys are heartbroken as the woman they secretly lust over didn’t choose them

3 days ago

Senate passes $40 billion in aid to Ukrane

3 days ago

Ch00Ch00 News is run by low-T soyboys

3 days ago

Oklahoma legislature passes ban on abortion at fertilization

3 days ago

x
x
x
x
x
x