saying Biden isn't one of then is misleading - the energy
Posted on: December 8, 2022 at 10:45:42 CT
tigerinhogtown STL
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policies are for less petroleum products in the coming years and more on EV.
What that means is that FUTURE gas & diesel will be down. So, when a refinery needs upgrades that cost has to be weighed against FUTURE needs, not current needs. The better choice is to shut down the refinery.
Now, gas usage will certainly decrease, but a decrease in diesel consumption requires a much bigger investment in EV vehicles. Nuke powered merchant ships are a boondoggle, no private company can take on the risk like the US gov't can for their navel fleet, john deere isn't making a big push to change their equipment to elec power, EV semi's just don't have the power needed to haul todays load. Trains are the most likely to be able to make the shift, but will require massive changes to infrastructure as well as equipment.
Use of diesel isn't decreasing anytime soon, so BIDEN needs to provide incentives to change refining capacity from gasoline to diesel, not incentivize the closure of refineries.
Furthermore, east coast refineries lack the ability to get the cheaper US produced shale oil to the plants and need to use product shipped in from across the Atlantic. Shutting down pipelines that can get that product to shipping locations is NOT helpful.
The US & the world are stuck with diesel for a long time, sure cut gas production and let EVs serve the bigger population transportation demand and eliminate Gasoline usage, but don't do so at the expense of food supply & retail goods that travel 99.99% on diesel.
Edited by tigerinhogtown at 10:49:03 on 12/08/22