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How many oil refineries closed in the last five years in the us?
tren ouil refineeris
Does Venezuela ship oil to US refineries?
yes
How many people are employed in the us oil industry?
As of 2021, the U.S. oil industry employs around 2.8 million workers directly and indirectly across various sectors such as extraction, refining, distribution, and support services. This number fluctuates due to market conditions, technological advancements, and environmental regulations impacting the industry.
How many gasoline refineries are there in the US?
149
Can raw crude oil be transported on us inland water ways to refineries?
yes it can
Where does North Dakota oil go?
North Dakota Oil goes to refineries on the East Coast, West Coast, and Gulf Coast of the US.
How many oil refineries have opened in the last 10 years in US?
There've been no new oil refineries opened in the last 10 Years. As a matter of fact none have been built in over 30 years. The last new refinery opened was in the mid 1970s. However, there're two new refineries in the process of getting approved and built, one in Arizona to come on line this year, and one in S. Dakota where construction will start this year.
Was a factor that created oil shortages in the us during the 1970?
oil embargo
Why does the US imports oil?
In the 1970's 85% of the oil used in the US was produced here and 25% was imported. Today it has been reversed. There are many grades to oil and some of the oil imported is a crude oil from the Middle East . Part of the reasons for imported oil are profits for the oil companies, trade agreements, and GNP.
Why is the US obligated to sell its own crude oil on the open market?
In the US, the oil companies will generally either sell their oil on the open market, to get the best price possible, or will use the oil in their refineries. There are a number of exceptions. They may have a heavy crude, and it is to their advantage to lock in a long term delivery contract to a refinery.
Gas prices in 1970?
I worked in a gas station in 1970. The price of gasoline varied from the low to mid $.20s to around $.40/gal., depending the octane rating, and whether or not it was a mainstream refiner or an independent. There were more refineries in the US in 1970 than there are today (2011), and OPEC was only 10 years old.
How many new refineries have been approved by Obama administration?
None, but there is an interesting back-story to this answer. According to Forbes (and other business magazines), refineries have been closing in the United States for several decades: there were as many as 300 of them during President Reagan's time in office, but they have steadily declined, to the point that by the end of the Bush years, there were about 150 of them. Refineries closed for a number of reasons, including less demand, and the effects of the global recession. Oil companies have not built any new refineries in the US for several decades, so there was nothing for President Obama to approve (or to deny). Meanwhile, American refineries are making the most of what they have, and in fact, they are pumping out about 17.7 million gallons a day. But as several news reports have pointed out, one big problem for American consumers is that US refineries are shipping a large amount of their production to Brazil, China, and several other countries where demand is greater (and they can charge higher prices).
