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Your weekly data appears to show a return to normal after a steep covid drop. Utilization has always been high and it has been sustainable. Maintenance only takes a few percent off at any time.
Refiners are also putting off maintenance. Keep in mind that hurricane season is here, and if a refinery is in the projected landfall area, it will shut down.
It's astounding to me that any seemingly intelligent and rational American would believe that this creepy old man is looking out for the best interest of the nation. I'm all for alternative energy sources but if you're pledging to end our dependence on fossil fuels you'd damn well better have a back up plan! This video was filmed in New Hampshire. I guarantee you that everyone on that stage enjoys heat in their house in the winter. Silly white liberals.
Gas is not going away, it will just go up in price until consumption is curbed. At $5/gallon, consumption is not being curbed enough, so expect $6 in time. It doesn't help when Brandon doesn't allow pipeline construction. Our need for fossil fuels is not going away any time soon.
I'd love to see mass defaults to bring down prices. It's a necessary evil to make things affordable for those who are responsible and fiscally plan their life in such a way that they can handle some hardship without having to file bankruptcy. Our society does the opposite, encouraging high amounts of leverage with the promise the government will bail them out and make the problem go away. Zombie entities should be forced to default and file bankruptcy. It's healthy. Don't get into more debt than you can manage and spend more responsibly.
"Gas is not going away"
NOT anytime soon.
We do NOT have the infrastructure to go "all electric" yet.
Refiners are also putting off maintenance. Keep in mind that hurricane season is here, and if a refinery is in the projected landfall area, it will shut down.
You can find execs in any industry in any time raising alarm bells.
Doesn't change the fact that historical averages have been 92-94%. You threw out 93-96% as if it was some massive spike when it's only slightly above normal, if at all. This is simply the model on which the refining industry operates and it has for a long while. What utilization rate would you consider "sustainable"?
Globabl refining capacity is too high and will have to be scaled back in the next few years.
You can find execs in any industry in any time raising alarm bells.
Doesn't change the fact that historical averages have been 92-94%. You threw out 93-96% as if it was some massive spike when it's only slightly above normal, if at all. This is simply the model on which the refining industry operates and it has for a long while. What utilization rate would you consider "sustainable"?
Global refining capacity is too high and will have to be scaled back in the next few years.
Somewhere around 90%. I've spent a fair amount of time in refineries and chemical plants, and no one is happy when they are running flat out and close to the edge. Too much risk of something going wrong. Sort of like you can drive your car at 100mph forever, but at 110, things start to go wrong if you do that for an extended period. I was on an oil platform years back that was running at 100% of capacity. The whole platform was shaking, and the personnel were having to check for damage far more often. They dropped it back to 90% of capacity, and it ran for months with no issues.
The question you and many others want to ignore, as you continue to dismiss the significance of cancelling the pipeline as no big deal, is why? It’s a simple question. If cancelling the project is such a nothing burger, why was it one of the very first things this traitor did on day one?
This is why thinking people point to this action as significant, because it was apparently significant enough to make it to the top of the democrat priorities list for immediate action. That’s just common sense, and it’s plainly obvious.
Thinking shouldn’t be a hard as y’all seem to make it.
Maybe you should have read this first, BEFORE posting your childish insult, "Works Cited:"
As they say, "It is better to be THOUGHT of as fool, then to open one's mouth and remove all DOUBT"!
I saw the cititations, professor. Doesn't make the paper any less terrible or more accurate.
Are you saying you believe the XL extension would have doubled the US' transport capacity?
"...The Keystone XL pipeline, a privately funded project, would double the current capacity of oil transported in the U.S. per day, provide the U.S. with a more stable source of crude oil, and significantly increase employment and capital within America...."
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