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In the debate over rising gas prices, one largely overlooked issue is the lack of US oil pipeline distribution to the East Coast, where refineries that must import higher priced Brent crude are being shut down.
America has more than enough cheap domestic oil, thanks to the North Dakota Bakken and the Canadian oilsands. And it doesn’t face a refinery crisis in terms of capacity - after all, even though the US hasn’t built a new refinery since 1976, oil refining has actually increased by 2 million bopd to 17.7 million bopd since 1985 (and US refinery demand has been steady at 14.8 million bopd since 2005).
Instead, the real problem is that coastal refineries can't source the cheaper North American crude. The Brent oil price fluctuates widely with geopolitical news. A stable, nationwide refinery system—well connected with pipelines—is one area where the US can help control price surges in local markets. Few things affect local gas prices like the shutting down of an oil refinery - and right now, the East Coast is at risk of losing three....
Originally posted by xuenchen
reply to post by HangTheTraitors
You mean cars that have batteries that recharge
by wind turbines built in to the front of the cars,
and have solar panels too ?
A double bank battery would run the car --
one bank in use while the other recharges itself ?
Originally posted by xuenchen
The US Desperately Needs An East-West Pipeline
Business Insider ran an article last week about U.S. oil refineries.
The point is that the East Coast and West Coast refineries
Don't have enough direct access to Domestic and Canadian crude oil,
America has more than enough cheap domestic oil, thanks to the North Dakota Bakken and the Canadian oilsands. And it doesn’t face a refinery crisis in terms of capacity
Originally posted by xuenchen
reply to post by HangTheTraitors
You mean cars that have batteries that recharge
by wind turbines built in to the front of the cars,
and have solar panels too ?
A double bank battery would run the car --
one bank in use while the other recharges itself ?
Originally posted by Southern Guardian
Originally posted by xuenchen
reply to post by HangTheTraitors
You mean cars that have batteries that recharge
by wind turbines built in to the front of the cars,
and have solar panels too ?
A double bank battery would run the car --
one bank in use while the other recharges itself ?
Do you think you can just drill your way out of this issue? Fact is, there are no viable crude reserves left on American soil, only sizable pockets that will last America afew years before they deplete. So long as we continue to focus on pulling the red carpet out for oil oligarchs, we will continue to be at the mercy of them and their decisions. It's not about whether you like the sound or look of alternative energies.