WRITTEN BY PENNY STARR ON JUN 20, 2022. POSTED IN LATEST NEWS
Refineries At Full Capacity As Biden’s Energy Policies Worsen Oil & Gas Sector
President Joe Biden called on U.S. oil refiners to produce more gasoline and diesel Wednesday, warning because they are not doing so their profits have tripled as Americans struggle with record-high gas prices.
But the federal government that Biden heads reported that refineries are already running at capacity and face other limits following the coronavirus pandemic. [bold, links added]
The Energy Information Administration (EIA) reported in its June 2022 Short-Term Energy Outlook:
We estimate U.S. refinery inputs will average 16.7 million b/d during the second and third quarters of 2022. This average is lower than the 2019 refinery inputs average of 17.3 million b/d despite high utilization rates because of reductions in refinery capacity since early 2020. U.S. refinery capacity has fallen by almost 1.0 million b/d since early 2020 because several refineries were closed or converted.
https://climatechangedispatch.com/refineries-full-capacity-biden-energy-policies-worsen-oil-gas-sector/
