The obvious question and calculation to be made for companies and US merchant mariners: is the temporary repeal of the Jones act actually temporary or does the President’s autopen re sign the repeal the 12th of every month.
I hadn’t realized that all of our pipelines were out of commission… what exactly is hoped to be gained by this? Or is it just another “feel good” move for the benefit JimBob in Nebraska that might think that we need more ships moving product around and that’s why his gas pump prices are high? I see ZERO benefit to this.
Now if the Iranian navy was sinking US tankers off the Atlantic and Gulf coasts… yeah, maybe… ok, probably would be beneficial.
The elimination of the Jones Act is a tenant of the author of Project 2025, Russ Vought who is Trump’s Director of Management and Budget. That he now instructs Trump to suspend it is not a surprise. It’s what the people voted for.
Hey, Trump said he didn’t know what Project 2025 even was, never heard of it. You can’t be telling me he lied!!
Lol. Ya’ll got what you voted for.
Is it just me or is the headline and article on the GCaptain about ships not reflagging to US almost completely incoherent?
I thought it must have been sourced elsewhere, but it doesn’t look like it.
Not just you. I felt like it was AI.
This is an old story. Big oil taking advantage of the world situation. The other scam they use is when they say they have to change over to the summer refined product. They always raise prices on that excuse
Is this a refinery that can actually refine crude from Venezuela? THAT would definitely be beneficial to the US given recent events.
last I knew, there are none in the US that can handle Venezuelan crude. But that’s inconsequential anyway unless we annex Venezuela as the 51st state.
Venezuela would have to be 53rd after Canada and Greenland.
You misspelled Isreal
Is-not-real?
Pascagoula Mississippi.
Citgo Lake Charles
Phillips66 Lake Charles
PBF Paulsboro (IIRC, been years).
Chevron Pascagoula
Marathon Garyville
Marathon Galveston
I know Valero has some capacity too.
… those are the ones I know from experience, having done Citgo and PVDSA charters, but any refinery with a coker setup can optimally process Herey16, Hamaca and Boscan, as well as ANY oil from the Orinoco.
At least half of the PADD3 refineries have cokers, but bear in mind, cokers are the CHEAPEST way to process crude, not the best. Any refinery capable of deasphalting, hydrocracking or fluid catalytic cracking can process sour crude, but it has to be used in high end finished products to be profitable at normal prices.
Really, almost any shitty crude can be made into asphalt. Cheap low quality oil is best, to keep input costs down but I think Chevron is keeping the asphalt market in mind as a backstop to their planning.
Orinoco crudes used to be in high demand in the Gulf.
I know but does anyone know if this new refinery can handle Venezuelan crude?
Why does it matter? You don’t build a refinery overnight.
My point is that we went in to Venezuela presumably on the pretext that we were removing a brutal dictator. But then everyone screamed, “It’s about oil! Not helping those people!” We all know we don’t have refineries that can work with the type of oil found in Venezuela. So it really wasn’t about the oil. But I’m asking if this new refinery that Trump has been bragging about CAN refine oil from Venezuela. It would make sense, given everything that we did down there. It would be a smart move.
Thank you!