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Environment & Energy

getagrip_already

(17,502 posts)

8. Correct, we are a net exporter of oil....

Reply to marble falls (Reply #3)

Sun Mar 17, 2024, 11:05 AM

Mar 2024

The only reasons a refinery would shut down are weather, maintenance, or political influence.

Not a lack of crude.

While oil producers will sell to the highest bidders on the spot market, they also have the bulk of their production committed in long term contracts.

So supply not so much. Prices will rise though, along with profits.

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Highlight:

Waiting For The Saudis To Shut Down The Biggest Gasoline Refinery In America [View all] hatrack Mar 2024 OP

Declare an emergency and nationalize the port Arthur refinery. bullimiami Mar 2024 #1

If it happens HAB911 Mar 2024 #2

We produce more oil than the Saudis do and by a lot. We have plenty of oil for our refineries ... marble falls Mar 2024 #3

But American oil companies are in collusion with Saudis & OPEC to get trump back into power BComplex Mar 2024 #7

Correct, we are a net exporter of oil.... getagrip_already Mar 2024 #8

Timing ._. Mar 2024 #4

And we're supposed to be worried about Chinese influence on Tik Tok underpants Mar 2024 #5

Indeed there are larger forces at play here and we're all just Bozos on this bus. Firestorm49 Mar 2024 #6

A total shutdown of the whole plant? Delmette2.0 Mar 2024 #9