Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:34 AM

GasBuddy News Article

31
votes
Lawmakers worry about East Coast refining capacity

Reuters -- With the East Coast poised to lose 50 percent of its oil refining capacity, three members of Congress on Monday worried that while the country is producing more of its own crude oil, it might grow more dependent on other countries for gasoline and diesel fuel.

Pennsylvania Congressman Pat Meehan hosted a panel of energy experts for a field meeting in Aston, Pennsylvania, of the Committee on Homeland Security.

Meehan and two other legislators, Congressmen John Carney from neighboring Delaware and Mike Fitzpatrick from Bucks County, Pennsylvania, peppered the experts with questions about fuel prices and logistics as well as national security.


Read the Full Article

Submitted Mar 21, 2012 By: Mudsprings
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Lawmakers worry about East Coast refining capacity Back to Topics
REPLIES (newest first) Post a Reply
PoohMcGoo
Champion Author Alabama

Posts:3,875
Points:1,440,745
Joined:Dec 2010
Message Posted: Mar 21, 2012 7:29:57 PM

They're only worried about it because they're worried about getting re-elected..
eye-spy
Champion Author Quebec

Posts:7,804
Points:3,188,795
Joined:Feb 2005
Message Posted: Mar 21, 2012 7:25:47 PM

Not too sure about this!!
saleboss
Champion Author Phoenix

Posts:4,106
Points:1,205,515
Joined:Feb 2006
Message Posted: Mar 21, 2012 7:22:15 PM

Why is the East Coast losing 50% of its refining???
Akcamper
Veteran Author Tucson

Posts:274
Points:30,555
Joined:Dec 2011
Message Posted: Mar 21, 2012 7:16:37 PM

SCREWED AGAIN!
CPGas1815
Champion Author Michigan

Posts:6,060
Points:1,110,190
Joined:Apr 2008
Message Posted: Mar 21, 2012 7:14:53 PM

I read an article this morning that reported all of the Crude Oil being produced is put on Global market. So if you think we are going to "Drill Baby Drill" we will still not get any relief at the pump.
MDTDriver
Champion Author California

Posts:11,882
Points:2,899,025
Joined:Jul 2006
Message Posted: Mar 21, 2012 7:07:54 PM

Fuel price are the nost important!
themaninthehat
Champion Author New Orleans

Posts:1,824
Points:472,265
Joined:Feb 2011
Message Posted: Mar 21, 2012 7:03:32 PM

"Homeland Security?" the ultimate illusion.
GRCummins53
Veteran Author Stockton

Posts:353
Points:143,030
Joined:May 2011
Message Posted: Mar 21, 2012 7:03:26 PM

It's a shame refineries are being closed rather rebuilt and updated. Environmentalists will block any new refinery permitting, so these closed refineries are lost forever. There was a story a few weeks back stating that these refineries might be dismantled and moved to other countries.
rjhenn
Champion Author Des Moines

Posts:29,746
Points:2,963,520
Joined:Aug 2005
Message Posted: Mar 21, 2012 7:01:02 PM

So why is Congress pushing Keystone XL? Wouldn't it make more sense to pipe Canadian crude to the East Coast, where they need more oil, than to the Gulf, which already has plenty?

[Edited by: rjhenn at 3/21/2012 7:01:41 PM EST]
JENNYHK
Champion Author Chicago

Posts:5,934
Points:1,321,570
Joined:Apr 2011
Message Posted: Mar 21, 2012 6:59:41 PM

Too many are shutting down at once causing us to pay more!
mikerroy
Champion Author Albuquerque

Posts:5,219
Points:1,371,915
Joined:May 2005
Message Posted: Mar 21, 2012 6:55:45 PM

ok
SUSANCK
Champion Author Chicago

Posts:6,286
Points:1,295,025
Joined:Apr 2011
Message Posted: Mar 21, 2012 6:55:42 PM

We need more alternatives
adr47
Champion Author Saskatchewan

Posts:5,667
Points:1,483,800
Joined:Nov 2008
Message Posted: Mar 21, 2012 6:53:16 PM

Greed Rules
95Vette
Champion Author Missouri

Posts:3,924
Points:1,305,815
Joined:Sep 2005
Message Posted: Mar 21, 2012 6:51:48 PM

quite exporting our own oil and we will only be dependent on ourselves
wz
Champion Author Twin Cities

Posts:5,680
Points:2,049,970
Joined:Feb 2009
Message Posted: Mar 21, 2012 6:50:54 PM

It's not up to the legislators (Congress or the states) to regulate refining capacity. They have to allow the oil companies (yes, Big Oil) to build or repair their refineries into a profitable entity. The alternative is for the residents to pay for fuel to be shipped (by tanker, train or truck) in from other regions.
Ken2OD
Champion Author Grand Rapids

Posts:12,206
Points:2,735,945
Joined:Dec 2005
Message Posted: Mar 21, 2012 6:44:47 PM

We need less worrying and more action from these legislators.
Billbop
Champion Author St. Louis

Posts:2,849
Points:1,573,280
Joined:Jun 2004
Message Posted: Mar 21, 2012 6:43:56 PM

AMAZINGLY, the owners of those refineries are claiming nearly all time highs in profits. The sole and ONLY reason they are closing them is to maximize their profits and do what monopolies do, get as much money as quickly as possible then throw a propaganda screen out telling everyone---IT'S NOT THEIR FAULT.
Alternatives and electrification of vehicles is the ONLY answer.
Voltus
Champion Author Miami

Posts:11,562
Points:2,294,035
Joined:May 2005
Message Posted: Mar 21, 2012 6:41:45 PM

just pass a law: "Put America First" so nothing gets sold before Americans are served first...
Romey08
Champion Author Virginia

Posts:7,049
Points:1,620,995
Joined:Apr 2008
Message Posted: Mar 21, 2012 6:39:12 PM

where is the revenue going for refineries not tom make any money
Piniewoods
All-Star Author Jacksonville

Posts:894
Points:484,905
Joined:Aug 2005
Message Posted: Mar 21, 2012 6:38:20 PM

How can you shut down 50% of your refining capacity? It does not make sense, unless you are trying to drive the price up.
KrsnaDragon
Champion Author Montreal

Posts:5,966
Points:1,300,590
Joined:Nov 2011
Message Posted: Mar 21, 2012 6:37:33 PM

This is interesting; I wonder what can be done if refineries simply can't afford to stay in operation.
fire@53
Champion Author Philadelphia

Posts:14,919
Points:3,513,800
Joined:May 2003
Message Posted: Mar 21, 2012 6:37:05 PM

I have chosen to look for fuel at stations other than Sunoco since they chose to shut refineries and this caused prices to increase. So I have decided to vote with my dollars and purchase my gas from other companies.
Cyberkedi
Champion Author Atlanta

Posts:13,371
Points:2,318,065
Joined:Aug 2005
Message Posted: Mar 21, 2012 6:33:49 PM

This brings back some painful memories of the gas pinch that hit the Southeast several years ago. I will never forget the long lines at the handful of stations with gas, cars following tankers and running out of fuel, and the occasional fisticuffs.
felinePA
All-Star Author Pennsylvania

Posts:580
Points:41,105
Joined:Aug 2011
Message Posted: Mar 21, 2012 6:32:20 PM

Welcome to our world.
peapaw
Champion Author Ohio

Posts:7,279
Points:1,442,970
Joined:Jun 2011
Message Posted: Mar 21, 2012 6:30:19 PM

Congress might actually have to walk to work?? I'd pay money to see that.
EmperorsFinest
Champion Author Chicago

Posts:1,799
Points:560,495
Joined:Jul 2011
Message Posted: Mar 21, 2012 6:28:50 PM

Why do they do so many at once.
jb107
Champion Author New Jersey

Posts:12,745
Points:3,390,725
Joined:Sep 2005
Message Posted: Mar 21, 2012 6:28:24 PM

This is a big problem.
JXD
Champion Author Kitchener-Waterloo

Posts:1,284
Points:1,060,735
Joined:Jun 2007
Message Posted: Mar 21, 2012 6:27:34 PM

Why worry, big brother will look after us.
garjul
Champion Author Flint

Posts:4,724
Points:1,380,625
Joined:Jul 2009
Message Posted: Mar 21, 2012 6:27:25 PM

Whatever, this article is not useful to us.
movietracker
All-Star Author Pennsylvania

Posts:697
Points:168,605
Joined:Mar 2011
Message Posted: Mar 21, 2012 6:25:08 PM

So am I.
The_DR
Champion Author New Jersey

Posts:5,471
Points:1,335,690
Joined:Aug 2011
Message Posted: Mar 21, 2012 6:23:03 PM

I am too.
PerSonneL
Champion Author Alberta

Posts:1,188
Points:736,915
Joined:Mar 2008
Message Posted: Mar 21, 2012 6:22:44 PM

relax
miiike572
All-Star Author Phoenix

Posts:798
Points:554,990
Joined:Apr 2009
Message Posted: Mar 21, 2012 6:22:10 PM

Looks like they figured out that the cart doesn't go in front of the horse afterall.
frugalking
Champion Author Twin Cities

Posts:1,067
Points:218,445
Joined:Mar 2010
Message Posted: Mar 21, 2012 6:20:41 PM

Okay.
no8c
Champion Author Ohio

Posts:5,483
Points:1,443,685
Joined:Jul 2008
Message Posted: Mar 21, 2012 6:20:15 PM

Thanks for posting this article!
robaloma
Champion Author Houston

Posts:3,832
Points:1,346,125
Joined:Feb 2011
Message Posted: Mar 21, 2012 6:19:16 PM

great
OOXXFF
Champion Author Greensboro

Posts:6,233
Points:1,845,745
Joined:Sep 2009
Message Posted: Mar 21, 2012 6:18:33 PM

Good for the lawmakers. I hope their worry will help.
Dsin44
Champion Author Abbotsford

Posts:1,346
Points:311,340
Joined:Apr 2011
Message Posted: Mar 21, 2012 6:17:39 PM

China is readying itself too swoop in and save the day...
pretty soon USA "Republic of China"
REKEY
Champion Author South Carolina

Posts:11,757
Points:2,462,625
Joined:May 2008
Message Posted: Mar 21, 2012 6:16:22 PM

Guess we are outsourcing gas now!
uptherefiners
Champion Author Chicago

Posts:5,055
Points:1,003,000
Joined:Jun 2006
Message Posted: Mar 21, 2012 6:13:28 PM

when lawmakers get involved the east coast will be swirling the bowl
cbuck80
Champion Author Massachusetts

Posts:2,725
Points:922,205
Joined:Jan 2012
Message Posted: Mar 21, 2012 6:13:16 PM

ok
JR57CA
All-Star Author Los Angeles

Posts:917
Points:548,055
Joined:May 2011
Message Posted: Mar 21, 2012 6:12:30 PM

It's all about Greed. Congress is stupid at best and being played by Big Oil. No surprise there.
jimbo1867
Champion Author Arizona

Posts:8,562
Points:2,823,965
Joined:Apr 2005
Message Posted: Mar 21, 2012 6:09:00 PM

oh joy
aarrrt
Champion Author San Diego

Posts:9,572
Points:2,374,390
Joined:May 2008
Message Posted: Mar 21, 2012 6:08:31 PM

Department of Homeland Security. Should never have created that screwed up organization Mr. Bush.
bluebie
Veteran Author Salt Lake City

Posts:438
Points:104,645
Joined:Mar 2011
Message Posted: Mar 21, 2012 6:03:36 PM

why does the simple law of demand and supply not apply to oil prices?
EVBuddy
Champion Author Nevada

Posts:19,783
Points:3,761,885
Joined:Sep 2004
Message Posted: Mar 21, 2012 6:03:31 PM

It makes better sense to build a large new refinery in North USA like North Dakota for the canadians Shale oil and ship the refined products by pipeline or truck instead of the XL corrosive, sinking, hard to cleanup bitimus Shale Oil pipline. Kinder-Morgan has been doing this for decades From California refinerys to Reno and Las Vegas metro areas.
PimpinFoDaGaz
Sophomore Author Massachusetts

Posts:235
Points:40,725
Joined:Feb 2012
Message Posted: Mar 21, 2012 6:01:54 PM

Ugh.
PrettyLittleLady
Champion Author Modesto

Posts:6,169
Points:2,617,655
Joined:May 2006
Message Posted: Mar 21, 2012 6:00:43 PM

this is soo sad...we are all being thrown under the bus.
slowtrain
Champion Author Georgia

Posts:6,747
Points:1,712,495
Joined:Aug 2008
Message Posted: Mar 21, 2012 5:59:12 PM

I'm sure it will cost us no matter what.
mycar2
Champion Author Akron

Posts:4,896
Points:3,095,100
Joined:Apr 2004
Message Posted: Mar 21, 2012 5:56:09 PM

if lawmakers get involved we are going to get screwed again
nemoFL
Champion Author Florida

Posts:10,824
Points:2,081,335
Joined:Oct 2008
Message Posted: Mar 21, 2012 5:53:50 PM

not good
bruin19MD
Champion Author Maryland

Posts:1,140
Points:181,505
Joined:Feb 2011
Message Posted: Mar 21, 2012 5:52:00 PM

very interesting article
Post a reply Back to Topics