Originally Posted by admin
i read we didn't even start using our refineries to their capabilities till the mid 90's since then they have had to make significant upgrades while they are closing down refineries...
California closed down like 10 refineries some years ago which were making something like 20% of US oil
All of the refineries that were **** down were older, had higher maintenence costs, and could not be upgraded to accept more modern technology. This is why were have been able to increase production while decreasing the number of refineries. At the same time, that comes at a cost. If a refinery goes down, we lose a significant portion of our refining capabilities. We ae also stretching the limits of what the refineries can refine. I belive we are at something like 99% of refining capability now, and oil usage is going to go up. We do have a small decrease in usage now, but as soon as people get used to the higher prices, usage will go back up.
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