Waiting For The Saudis To Shut Down The Biggest Gasoline Refinery In America

[hatrack]

EDIT

Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said Sunday that it would extend cuts in oil production through June, noting that it was acting “in coordination with some” other states. Saudi allies including Kuwait and the United Arab Emirates said Sunday that they would also continue their reductions.

That “other state” would be their OPEC+ partner Russia, which also announced last weekend a simultaneous production cut of 471,000 barrels a day. Putin wants Trump back in the White House, too. This time, though, because Trump refused to block the sale of America’s largest gasoline refinery to Saudi Arabia in 2017 (completed in 2019 with Trump’s blessing), no matter how much oil Biden releases from the reserves will be irrelevant: if the Saudis shut down their Port Arthur, Texas refinery this October “for maintenance,” US gasoline prices will explode.It’s the largest refinery in America, as Foreign Policy magazine noted in May 2017:

That alone is enough to radically swing gasoline prices in the US.So, get ready: it’s coming this fall. And unless the administration acts quickly, there will be nothing they can do about it. Gas at $6 a gallon could easily throw the election to Trump, as Biden will take the blame (just like in November 2022) and Fox “News” and rightwing hate media will hang gas prices around his neck like a flaming tire.

MBS and his sovereign wealth fund have funneled literally billions of dollars into the Trump family, between Jared’s investment company and Trump’s golf courses and the LIV Tour, in addition to giving Trump himself additional hundreds of millions over the years renting and purchasing Trump properties. During Trump’s presidency, MBS funneled additional millions directly into the Trump family’s pockets via Trump’s DC hotel and NYC properties in clear violation of the Emoluments Clause of the US Constitution.

EDIT

https://thinc.blog/2024/03/16/petrostates-fear-a-fossil-free-future/#more-96325

[bullimiami]

1. Declare an emergency and nationalize the port Arthur refinery.

We are under a coordinated attack.

Or use the defense production act.

[HAB911]

2. If it happens

nationalize it and rename it the Port Arthur Bone Saw Refinery

[marble falls]

3. We produce more oil than the Saudis do and by a lot. We have plenty of oil for our refineries ...

... the oil industry, loves it when the Saudis cut production. It increases profits with no added expense. When we complain they shrug their shoulders and point at the Saudis. This did not work last year with Saudi and Russia acting together. US dollars are as addictive as Saudi oil.

[BComplex]

7. But American oil companies are in collusion with Saudis & OPEC to get trump back into power

Corporations, and especially the oil industry, hate the democratic party. Democrats are the ONLY ones who see fit to try to regulate the industry that has almost killed our planet.

[getagrip_already]

8. Correct, we are a net exporter of oil....

The only reasons a refinery would shut down are weather, maintenance, or political influence.

Not a lack of crude.

While oil producers will sell to the highest bidders on the spot market, they also have the bulk of their production committed in long term contracts.

So supply not so much. Prices will rise though, along with profits.

[._.]

4. Timing

I figure six weeks before election day, they'll be "forced" to close it for "maintenance".

[underpants]

5. And we're supposed to be worried about Chinese influence on Tik Tok

[Firestorm49]

6. Indeed there are larger forces at play here and we're all just Bozos on this bus.

Think of all of the connections to major money, corrupt or legit, that Trump has wrangled, and how it can affect all of us without our awareness. Then, there’s all of the three initial agencies working behind the scenes as well.

Pray to whomever you choose that we can avoid Authoritarian rule.

[Delmette2.0]

9. A total shutdown of the whole plant?

I thought only parts of a refinery are shut down. They may do just one part at a time. Maybe I'm wrong.

I just don't believe that the largest refinery has just one of everything needed to to process crude oil into gasoline.