Idled U.S. Refineries Not Likely to Come Back Online
From the Institute for Energy Research
President Biden wants refineries to produce more gasoline to help lower gasoline prices, but operating refineries are running at full capacity and idled refineries are unlikely to bear the high recommissioning costs to come back on line, according to IHS Markit analysis. About 375,000 barrels per day of the 1.482 million barrels per day of North American refining capacity shuttered since June 2019 may be eligible for restart.
A commentary in The E...
From the Institute for Energy Research
President Biden wants refineries to produce more gasoline to help lower gasoline prices, but operating r...
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