OPEC Agrees to Cut Output by 1.2 Million Barrels a Day

[Truman62]

How many is "MANY?" DVD?

I only see that 5 have closed since 2011...
2 of those were in NJ, 1 in Pennsylvania, 1 in Georgia, and 1 in Virginia.

https://www.eia.gov/dnav/pet/PET_PNP_CAP1_A_(NA)_8O0_COUNT_A.htm

5 doesn't sound like "MANY" to me...

[D2D]

Davik, your source is too shallow!

We need to be able to compare the number of refineries prior to Obama taking office!

[D2D]

As I stated above refining capacity is a costly choke point in gasoline production!

[D2D]

You will notice refinery numbers began increasing toward the end of the Bush administration but that trend abruptly ended when Obama took office!

When just one refinery goes down gasoline prices increase!

Obama killed 9 refineries!

[Truman62]

OMG Looks like Reagan and Bush killed over 100 refineries!!!


If losing 9 refineries is bad, losing 100 was catastrophic!


DAMN that reagan & Bush!

[D2D]

Yep, that is when the EPA was given too much power and they used it beyond their mandate!

Not a single democrat uttered one word of complaint during that time!

[Truman62]

The Draconian Power of the reagan EPA!!!!

Oh the Hoooorrrrrrrrroooorrrrrrrrrrrrrrrrrr....

[Truman62]

Gallon of gas in 1980 $1.25  http://www.1980sflashback.com/1980/economy.asp
so after losing 50 refineries it should have soared through the roof, according to DVD.
Gallon of gas in 1984 $1.21  http://www.1980sflashback.com/1984/economy.asp
Maybe there was a delayed reaction?
Gallon of gas in 1988 $1.08  http://www.1980sflashback.com/1988/economy.asp
Hmmmmm, guess DVD was completely and utterly wrong, AGAIN!

Gallon of gas in 1992 $1.13   http://www.1990sflashback.com/1992/economy.asp
Gallon of gas in 1996 $1.23   http://www.1990sflashback.com/1996/economy.asp
Gallon of gas in 1999 $1.17   http://www.1990sflashback.com/1999/economy.asp

So from 1980 to 1999 and losing 1/2 of all US refineries,
gas prices went from $1.25 a gallon to $1.17 a gallon.

[wvit1001]

US Refinery capacity hasn't gone down d2.   It's gone up in the past decade.


U. S. Operable Crude Oil Distillation Capacity (Thousand Barrels per Calendar Day)

Year          Jan     Feb          Mar       Apr     May       un       Jul      Aug      Sep      Oct      Nov     Dec
1985   15,659   15,559   15,582   15,640   15,658   15,669   15,670   15,734   15,728   15,733   15,730   15,687
1986   15,459   15,485   15,485   15,473   15,484   15,465   15,475   15,430   15,435   15,435   15,440   15,440
1987   15,566   15,548   15,559   15,565   15,565   15,588   15,701   15,598   15,593   15,592   15,888   15,946
1988   15,915   15,942   15,888   15,888   15,909   15,934   15,958   15,958   15,965   15,946   15,909   15,919
1989   15,655   15,671   15,669   15,687   15,692   15,698   15,698   15,706   15,722   15,722   15,732   15,761
1990   15,572   15,578   15,582   15,582   15,582   15,597   15,598   15,701   15,702   15,666   15,666   15,656
1991   15,676   15,677   15,686   15,698   15,709   15,726   15,694   15,724   15,724   15,722   15,722   15,722
1992   15,696   15,671   15,618   15,626   15,490   15,458   15,432   15,322   15,308   15,287   15,304   15,311
1993   15,121   15,129   15,133   15,139   15,151   15,166   15,198   15,140   15,142   15,137   15,151   15,105
1994   15,058   15,028   15,028   15,161   15,162   15,162   15,163   15,165   15,207   15,212   15,217   15,227
1995   15,434   15,436   15,440   15,440   15,385   15,385   15,376   15,393   15,272   15,191   15,196   15,210
1996   15,333   15,164   15,186   15,186   15,182   15,224   15,249   15,306   15,259   15,259   15,259   15,259
1997   15,452   15,452   15,632   15,616   15,616   15,638   15,639   15,641   15,602   15,602   15,602   15,628
1998   15,711   15,716   15,735   15,692   15,708   15,821   15,826   15,828   15,828   15,880   15,927   15,951
1999   16,261   16,245   16,256   16,258   16,271   16,276   16,287   16,287   16,317   16,317   16,327   16,276
2000   16,512   16,505   16,505   16,505   16,506   16,496   16,496   16,548   16,549   16,559   16,559   16,559
2001   16,568   16,568   16,620   16,608   16,618   16,627   16,662   16,662   16,510   16,510   16,512   16,512
2002   16,755   16,755   16,755   16,757   16,757   16,764   16,764   16,764   16,764   16,700   16,700   16,700
2003   16,757   16,747   16,747   16,747   16,747   16,747   16,747   16,747   16,747   16,747   16,747   16,747
2004   16,947   16,948   16,978   16,978   16,978   16,978   16,984   16,978   16,978   16,982   16,982   16,982
2005   17,125   17,125   17,125   17,129   17,234   17,234   17,238   17,230   17,230   17,225   17,225   17,224
2006   17,339   17,341   17,390   17,390   17,390   17,390   17,392   17,392   17,393   17,400   17,400   17,400
2007   17,440   17,443   17,443   17,443   17,455   17,460   17,460   17,460   17,448   17,448   17,448   17,448
2008   17,594   17,594   17,594   17,594   17,606   17,610   17,610   17,610   17,610   17,621   17,621   17,621
2009   17,672   17,672   17,672   17,672   17,672   17,672   17,681   17,681   17,681   17,688   17,688   17,688
2010   17,597   17,584   17,584   17,589   17,589   17,523   17,594   17,594   17,594   17,528   17,528   17,594
2011   17,736   17,736   17,736   17,736   17,736   17,736   17,736   17,736   17,736   17,736   17,730   17,740
2012   17,367   17,367   17,275   17,275   17,275   17,275   17,291   17,211   17,400   17,402   17,408   17,391
2013   17,823   17,814   17,814   17,814   17,815   17,815   17,818   17,820   17,820   17,820   17,820   17,820
2014   17,925   17,925   17,931   17,951   17,951   17,825   17,835   17,835   17,835   17,851   17,811   17,811
2015   17,967   17,950   17,950   17,962   17,962   18,056   18,097   18,098   18,138   18,133   18,186   18,186
2016   18,315   18,317   18,307   18,320   18,320   18,436   18,436   18,436   18,459   


      https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MOCLEUS2&f=M

[Truman62]

I guess he got over loaded with facts...

IF it comes back, it will just be to call us names, then disappear forever.

[Truman62]

DVD couldn't take the heat, so it left the kitchen! 

[WWV10MHZ]

We'll start drilling and pumping again and they can sell their oil to other MOO-Slimes!!!!