[DantesPeak]

$this->bbcode_second_pass_quote('pip', 'I') work for an unnamed US refiner, and several months ago the regional vice-president came in and presented a slide show to the entire plant work force. The presentation he showed us was about the next 5-10 year projection for supply/demand etc that had been done by the company’s planning dept. The presentation had evidently been made to all the company’s plant managers earlier.

For those calling conspiracy or dishonesty, you’re giving the oil industry way too much credit. The presentation predicted gasoline demand continuing upward into the future in a consistent manner. Ethanol production to continue to increase into the future taking a larger and larger slice of the gasoline demand. The VP expressed concern about our future competition with the ethanol industry implying margins would likely decrease.

As strange as it seems, I would not assume the refining industry knows any more about peak oil than the average joe. I certainly haven’t met anyone here who would even recognize the term.

[shortonoil]

pip said:

$this->bbcode_second_pass_quote('', 'A')s strange as it seems, I would not assume the refining industry knows any more about peak oil than the average joe. I certainly haven’t met anyone here who would even recognize the term.

[threadbear]

$this->bbcode_second_pass_quote('shortonoil', '[')b]pip said:

$this->bbcode_second_pass_quote('', 'A')s strange as it seems, I would not assume the refining industry knows any more about peak oil than the average joe. I certainly haven’t met anyone here who would even recognize the term.

[shortonoil]

threadbear said:

$this->bbcode_second_pass_quote('', 'S')o either you got it wrong, they got it wrong, or someone's uhhh...lying? NO!!!

[cube]

$this->bbcode_second_pass_quote('TheDude', 'W')ho ever heard of a state run oil company?
...

[TheDude]

Ah, I know about Aramco, that was more sarcasm. Wonder how Aramco stacks up against various nations in terms of "GDP"; or is that figured into Saudi GDP? Your average Joe also doesn't know that Walmart (for example) is worth more than many countries.

[MonteQuest]

C'mon, peakoilers.

I am surprised nobody caught this. Same article; different headline.

Same error.

Ethanol could keep price of gas high
Industry won’t expand refineries since demand for gas will remain the same
$this->bbcode_second_pass_quote('', 'W')ith President Bush calling for a 20 percent drop in gasoline use and the Senate now debating legislation for huge increases in ethanol production, oil companies see growing uncertainty about future gasoline demand and little need to expand refineries or build new ones.

Oil industry executives no longer believe there will be the demand for gasoline over the next decade to warrant the billions of dollars in refinery expansions — as much as 10 percent increase in new refining capacity — they anticipated as recently as a year ago.

[shortonoil]

MonteQuest said:

$this->bbcode_second_pass_quote('', 'C')'mon, peakoilers.

I am surprised nobody caught this. Same article; different headline.

Same error.

[Eli]

Yeah this story makes no sense at all, other than as a cover story.

The fact is if big oil had a growing supply of crude they should have built more refining capacity yesterday.

People are going to be screaming this summer about why we do not have more gasoline and refining capacity. Many people are going to be mad and already are mad and are asking why we have not built a new refinery in the US.

It looks like TPTB are trying desperately to avoid saying, the reason we have no new refineries is that we have a steadily declining amount of oil, and it is declining in both quantity and quality. Our second biggest exporter, has passed peak oil and we have no idea on earth how to replace that lost production.

[MonteQuest]

$this->bbcode_second_pass_quote('Eli', 'T')he fact is if big oil had a growing supply of crude they should have built more refining capacity yesterday.

People are going to be screaming this summer about why we do not have more gasoline and refining capacity. Many people are going to be mad and already are mad and are asking why we have not built a new refinery in the US.

[4dsc]

Karen Hall, a chemical engineer who worked for eight years at an oil refinery south of St. Paul, Minn. is in Siouxland today to speak about what Union County residents can expect if Hyperion Resources builds its planned refinery here.

Hall said she thinks residents should decide whether to favor or oppose the project based on facts, not fears.

She will discuss the emissions and toxic waste produced by an oil refinery, along with how the products, byproducts and waste materials are handled at 7 o'clock this evening at the Legion Hall on Main Street in Elk Point, S.D. The meeting is sponsored by Save Union County, a group organized to opposed the project. The presentation is open to the public.

Hyperion's plans call for refining 400,000 bpd of Alberta (Canada) crude, a very heavy, hard-to-refine oil extracted from tar sands. Hall said Hyperion is "very smart" to pursue the refinery. "Canada is close and friendly," she noted. She said there is not much competition for the oil because not every refinery is equipped to process it.

Link

What questions would you have for Ms Hall about this refinery aka water usage and air pollution.


(link shortened - TheTurtle)

[billyk]

Anybody know when Marathon will be ready to increase fuel production from the refinery expansion(in Louisiana)? I see it on their commercials & read about it awhile ago in the WWJ. Also, anybody aware of other expansions in refineries?? It's part of this country's problem!! billyk

[AirlinePilot]

I do not believe there are any significant additions to capacity coming. Right now the refiners are struggling just to keep the existing facilities going without catching fire or exploding. We have a major problem with very old equipment, not enough maintenance being done due to demand pressures, and a declining quality of crude oil making it much harder on the cracking and heating units.

They are pedaling faster and faster just to stay in the same place. No one wants to lay down the dollars for a huge refinery due to risk and NIMBY's.

[Tanada]

Well I know my nerves are shot, I saw the topic for this thread and in my mind it said Marathon refinery expLOsion.

I was very confused when the messages did not fit that profile. Then I read it again DO'OH!

[Ache]

http://www.simmonsco-intl.com/files/OTC%202008.pdf

[Fredrik]

If physical infrastructure decays as quickly and as massively as Simmons says, it will probably make the initial drop in supply quite steep, but preserve a little more oil reserves for later years. Whether it will be financially possible or energetically sensible to build huge new rigs and drilling equipment to get the remaining harder-to-extract oil, is another matter.

[ZombieMalthus]

Geez, aliens blowing up the Whitehouse, the 4 Horsemen of the Apocalypse, ... Simmons is getting really alarmist.

Fun read, though.

[TheDude]

Sounds like Matt's a Neil Young fan, too. Maybe his next PPT will state that Cantarell's decline is Cortez the Killer...

[mididoctors]

He does appear to be freaking out....

well he always described himself as a energy worrier.

energy Czars .. not very adam smith.

Boris
London