Alex Epstein

@AlexEpstein ↗

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Last Checked Nov. 19, 2022

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Thu Nov 10 16:46:28 +0000 2022

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Alex Epstein @AlexEpstein

Why has US oil refining capacity stagnated when there are so many opportunities? An increasingly hostile regulatory environment that views refining as an evil to be rapidly eliminated—not a necessity of life for billions for the foreseeable future. — PolitiTweet.org

Posted Nov. 10, 2022

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Alex Epstein @AlexEpstein

Given that oil demand, especially diesel demand, is increasing and that US oil production has dramatically increased due to the shale revolution, you’d expect US refining capacity to have rapidly expanded in recent years. Instead, it has stagnated and even recently declined. https://t.co/NDhgJrk6eb — PolitiTweet.org

Posted Nov. 10, 2022

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Alex Epstein @AlexEpstein

Last year, the Biden admin shut down a Virgin Islands refinery. Instead of working with the operator to upgrade the refinery amidst the looming fuel shortage, EPA stopped the refinery’s 180K barrels/day capacity—including over 40K barrels/day of day of diesel. https://t.co/n9wgELQw7Y — PolitiTweet.org

Posted Nov. 10, 2022