How much would a new refinery cost?

[mkd]

https://finance.yahoo.com/news/california-tentative-deal-offers-1-005733630.html
demonrats don't care, they'd rather bribe you with 9 billion of your own money

[beej]

Sounds about right
https://www.ien.com/video/video/22301433/regulators-say-phillips-66-unlawfully-processed-renewable-fuel?__lt-lid=62b9dffce9466ec8c503123d&__lt-usr=1572E6147145G5V&oly_enc_id=1572E6147145G5V

Phillips 66 has been accused of improperly processing renewable diesel, Reuters reports.

Regulators alleged the energy company committed the act in a unit at a refinery in Rodeo, California.

The Rodeo refinery began processing small volumes of soybean oil last year.

However, a public agency's notice of violation said Phillips 66 did not alter an air permit that allows for the same type of processing with petroleum feedstocks.

Phillips 66 issued a statement saying it disagreed with the allegation.

The company claims it submitted an air permit modification request to the Bay Area Air Quality Management District

Environmental groups have also accused Phillips 66 of not obtaining necessary permits.

Regulators said they would issue enforcement action following the conclusion of an investigation.

[gcode]

To run a refinery in California, you need about 100 lawyers on call
and at least that many bagmen to deliver the mandatory bribes.

Cali, it's pols and it's voters are completely insane when it comes to the fossil fuel industry.

One example.. there is no much oil off the coast of Santa Barbara that it leaks up through the ocean
floor. It has been doing that for tens of thousands of years and has nothing to do with the oil industry.
A few years ago an oil company made an offer tot he people of Santa Barbara and spent millions to put a
referendum on the ballot.

The offer was pretty simple.
Using modern directional drilling techniques they would build a drilling rig on shore, 600 yards from the ocean
They would drill down a thousand feet or so the kick out to sea, going several thousand feet out into the
oil bearing rock under the sea.
This would relieve the pressure and stop the oil leaking into the sea.
It would also produce millions of dollars a year in revenue from which the Santa Barbara got a very nice piece
of the action.   Of course, the referendum failed and oil continues to leak into the ocean.

In another example, the old oil field in Cali still produce massive amounts of oil millions in tax revenue
and about 300K good paying jobs... so of course the clowns in Sacramento have ordered it all shut down
and are getting busy investigating and suing the oil companies because gas prices are so high

[gcode]

and the icing on the cake is that the sate of California uses more gas than any other state in the union by a wide margin. We buy our gas from out of state, buy our electricity from out of state and then walk around all holier than thou about how frickin' green we are.. We aren't green, we're morons ... all 40 million of us !!! ( less the 15 or 20 people like myself who vote republican of course) 

[Incogneeto]

and the icing on the cake is that the sate of California uses more gas than any other state in the union by a wide margin. We buy our gas from out of state, buy our electricity from out of state and then walk around all holier than thou about how frickin' green we are.. We aren't green, we're morons ... all 40 million of us !!! ( less the 15 or 20 people like myself who vote republican of course) 

Bwahaha in the 70's as a kid we would pick up the Tar blobs off the Beach. Almost better than Sand Dollars!! LOL!!

[ghuns]

Doesn't matter...

The U.S. may never build a new refinery, Chevron CEO says

There may never be a new refinery built in the US despite surging gasoline prices as policymakers move away from fossil fuels, according to Chevron Corp.

"We haven't had a refinery built in the United States since the 1970s," Chief Executive Officer Mike Wirth said in an interview on Bloomberg TV.  "My personal view is there will never be another new refinery built in the United States."

The Biden administration has appealed to OPEC and the US shale producers to pump more crude to help lower gasoline prices this year. But even if oil prices were to fall, the US may not have enough refining capacity to the meet petroleum product demand. Refining margins have exploded to historically high levels in recent weeks amid lower product supplies from Russia and China and surging demand for gasoline and diesel.

And adding refining capacity is not easy, especially in the current environment, Wirth said. 

"You're looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying: we don't want these products," he said. "We're receiving mixed signals in these policy discussions."

[MIL-TFP-41]

Wait till hurricane season hits full swing. I think it was a refinery in TN that got damaged by Ida & they never rebuilt. Or even if no refinery's get damaged by a big storm they shut them down in advance to prevent damage. This is what will push gas over $7.00/gallon. We have zero extra capacity.

[gcode]

There may never be a new refinery built in the US despite surging gasoline prices as policymakers move away from fossil fuels, according to Chevron Corp.

Yes.. the econazis have made it virtually impossible to build anything.
The Key Stone pipeline is a perfect example... Investors lost $4 billion on that fiasco.. not $4 billion
phony Biden Bucks... but real hard earned dollars.. that makes any future energy projects a very tough sell.

as for building a refinery, you'd probably spend $2 on lawyers for every dollar you spent on construction and
it could all blow up in your face with one blow from a  judges gavel.

I expect it's going to take some serious freezing and staving in the dark before people wake up.

[pmartin]

Just playing devil's advocate here for the moment, so here is a question.

Why would the oil companies want to build in more refining capacity when it would only lead to lower prices and less profits?

[beej]

Just playing devil's advocate here for the moment, so here is a question.

Why would the oil companies want to build in more refining capacity when it would only lead to lower prices and less profits?

I have never met a farmer that has said, Corn is really high right now, I should plant less so that we collectively can make more. Or a toolshop that has recognized unheard of profits from his lathe and then decided to keep the status quo so that collectively all other toolshops can make more overall. If they are the greedy bastards, that we've all heard they are, they will refine more oil.

[Del.]

Just playing devil's advocate here for the moment, so here is a question.

Why would the oil companies want to build in more refining capacity when it would only lead to lower prices and less profits?

That's what is happening now I believe. Profits are up because they aren't investing billions in new drilling. They don't set the price per barrel.

[gcode]

Why would the oil companies want to build in more refining capacity when it would only lead to lower prices and less profits?

Most refineries in the US are way past their sell by date. They are old, worn out and inefficient.
It costs billions to build one if you could get the permits to build one.

Despite all rhetoric from the left about evil oil companies, oil companies profit margins are under 10%
The high gas prices are driven by the price of oil which they do not own.
The big $$$ go to the oil states in the Middle East and the land owners in the US.
When the oil companies drill on Federal land in the US, they compete with each other to lease it
and pay huge premiums to the government for the rights to drill it.

[gcode]

Profits are up because they aren't investing billions in new drilling.

They are investing billions in new drilling and exploration, just not in the US.... because the idiots running the show here won't left them.

[RobertELee]

Just playing devil's advocate here for the moment, so here is a question.

Why would the oil companies want to build in more refining capacity when it would only lead to lower prices and less profits?

Who makes more money? Walmart selling cheap food at more quantity or Whole foods selling expensive food but less quantity?

[pmartin]

Most refineries in the US are way past their sell by date. They are old, worn out and inefficient.
It costs billions to build one if you could get the permits to build one.

So in a machine shop when the cnc machines become old and worn out the owners will invariably choose to shut the place down? That could happen, but they will probably choose to buy new equipment, make internal modifications as needed and operate at better efficiency. Are you telling me that refinery is impossible to modernize? I don't buy it.