Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:17 PM

GasBuddy News Article

58
votes
US shale oil reviving East Coast refineries

Boston Globe -- A year ago, the shutdown of several refineries serving the Northeast and the possibility they would not reopen threatened to boost New England’s already­ high gasoline prices by as much as 15 cents a gallon. But an influxof cheaper crude oil extracted from shale rock formations in the United States has helped save most of those facilities and stabilized gas ­prices.

The revival of the East Coast refineries is another example of how the controversial drilling process known as hydraulic fracturing, or fracking, is changing the energy equation for the region, nation, and world.

Just as fracking opened vast reserves of natural gas over the past decade, it is now unlocking crude oil trapped in shale deposits. It is so dramatically increasing domestic production that the United States is pro..


Read the Full Article

Submitted Feb 18, 2013 By: EZExit
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: US shale oil reviving East Coast refineries Back to Topics
REPLIES (newest first) Post a Reply
tomok
Champion Author Portland

Posts:46,293
Points:3,126,535
Joined:Aug 2006
Message Posted: Mar 5, 2013 9:55:11 PM

US shale oil reviving East Coast refineries, the refinieries should have never been shut down in the first place. Fracking may get that extra natural gas out of the rock formations but what will happen to the above and underground water quality? Once that water is 'tainted,' there's no going back!
More oil for the refineries but Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
More Refineries are Not the answer, Stop exporting fuel is!
Take care of the domestic fuel market first and above all else!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
honda0105
Champion Author Tallahassee

Posts:24,069
Points:2,390,890
Joined:Nov 2008
Message Posted: Feb 25, 2013 2:51:14 AM

Gasprice: that's be nice.. doubt it though.
GasPriceHelp4u
Champion Author Dayton

Posts:5,951
Points:1,349,825
Joined:Jul 2008
Message Posted: Feb 24, 2013 3:58:16 AM

Let the refineries get up and run and hopefully drive the gas prices down!!!
honda0105
Champion Author Tallahassee

Posts:24,069
Points:2,390,890
Joined:Nov 2008
Message Posted: Feb 24, 2013 3:56:49 AM

let's remanufacture / rebuild what's there and keep them running for a change.
honda0105
Champion Author Tallahassee

Posts:24,069
Points:2,390,890
Joined:Nov 2008
Message Posted: Feb 23, 2013 5:00:13 AM

we need better running refineries that don't shut down every time a roach runs into some nook or cranny.
jethro5000
Champion Author Kentucky

Posts:5,153
Points:1,166,215
Joined:Jun 2005
Message Posted: Feb 19, 2013 4:05:46 AM

Good
kgbellman
Champion Author Ann Arbor

Posts:5,929
Points:1,510,560
Joined:Mar 2011
Message Posted: Feb 18, 2013 9:39:04 PM

Great for the refineries, and therefore us, but not sure I like it living off of fracking
EvPv
Champion Author Maine

Posts:4,273
Points:1,042,155
Joined:Feb 2011
Message Posted: Feb 18, 2013 9:30:48 PM

From 2008 to 2012 I went only bicycle for daily commuting here in Maine, yet the only stock I did not sell off we my ExxonMobil stock.

I never rail against what a company charges for their product. If I do not like the price, I do not buy it.
DEG
Champion Author Las Vegas

Posts:20,751
Points:4,246,155
Joined:Jul 2003
Message Posted: Feb 18, 2013 9:27:16 PM

The US needs to be building refineries and not shutting them down.
furiousfowl
Champion Author Riverside

Posts:19,735
Points:3,473,445
Joined:May 2005
Message Posted: Feb 18, 2013 9:27:13 PM

good deal
Ray_10589
Champion Author New York

Posts:8,004
Points:1,939,665
Joined:May 2009
Message Posted: Feb 18, 2013 9:25:30 PM

open a refinery ....
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Feb 18, 2013 9:24:54 PM

Maybe they may open one refinery.
vibdata
Champion Author Massachusetts

Posts:5,136
Points:1,078,590
Joined:Nov 2005
Message Posted: Feb 18, 2013 9:24:38 PM

Gas prices are soaring. More than 50 cents a gallon over the past few weeks. So what do more refineries do? Line the pockets of BIG OIL with gold.
crreed1
Champion Author West Virginia

Posts:5,026
Points:3,216,610
Joined:May 2005
Message Posted: Feb 18, 2013 9:20:53 PM

gas is still going up
3.91 here
DrGasPain
All-Star Author Dallas

Posts:532
Points:1,009,255
Joined:Mar 2011
Message Posted: Feb 18, 2013 9:19:35 PM

More pipelines to feed the refineries with new domestic crude, please.
Zonk
Champion Author Michigan

Posts:9,698
Points:2,872,800
Joined:Oct 2005
Message Posted: Feb 18, 2013 9:19:35 PM

Old but, good news.
CivicMA
Champion Author Boston

Posts:5,201
Points:1,313,550
Joined:Jun 2011
Message Posted: Feb 18, 2013 9:18:01 PM

It would be good to reopen those refineries.
ssect8
Champion Author Hartford

Posts:10,119
Points:2,495,965
Joined:Jun 2006
Message Posted: Feb 18, 2013 9:17:59 PM

Hopefully more refineries will lower the prices but I'm not holding my breath for that to happen very soon.
wshokie12
Champion Author Winston-Salem

Posts:3,435
Points:919,665
Joined:Aug 2012
Message Posted: Feb 18, 2013 9:16:31 PM

Okay.
rahcat
Champion Author Grand Rapids

Posts:5,970
Points:1,443,975
Joined:Jan 2010
Message Posted: Feb 18, 2013 9:16:12 PM

Won't lower prices in the near future.
boatfloyd
Champion Author Jacksonville

Posts:5,022
Points:1,167,590
Joined:Mar 2012
Message Posted: Feb 18, 2013 9:15:44 PM

Oil is everywhere. We just have to pump it.
SavALot
Champion Author Virginia Beach

Posts:10,870
Points:2,449,910
Joined:Apr 2005
Message Posted: Feb 18, 2013 9:15:43 PM

They certainly need the restoration
mlmeng
Champion Author Michigan

Posts:4,885
Points:1,371,665
Joined:Mar 2011
Message Posted: Feb 18, 2013 9:15:23 PM

Well said stratlinetime.
Quick68
Champion Author Columbus

Posts:12,653
Points:2,006,825
Joined:Dec 2009
Message Posted: Feb 18, 2013 9:15:10 PM

PrinceLH I disagree with you on this one. As long as we have greedy & corrupt lawmakers in this country we will always have high gas prices.
sehonda
Champion Author Honolulu

Posts:3,277
Points:1,236,815
Joined:May 2009
Message Posted: Feb 18, 2013 9:13:19 PM

anything for cheap energy...
PrinceLH
Champion Author Ontario

Posts:5,962
Points:1,317,845
Joined:Jun 2011
Message Posted: Feb 18, 2013 9:12:43 PM

Sooner or later, the overabundance of domestic oil, will result in lower prices. It's the governments job to force the oil companies to sell their refineries to other interests, so they can't manipulate the price.
JENNYHK
Champion Author Chicago

Posts:5,934
Points:1,324,570
Joined:Apr 2011
Message Posted: Feb 18, 2013 9:11:50 PM

Bad for water.
EVBuddy
Champion Author Nevada

Posts:19,783
Points:3,761,885
Joined:Sep 2004
Message Posted: Feb 18, 2013 9:10:55 PM

Nice for East Coast refineries
stratlinetime
Champion Author Kalamazoo

Posts:5,536
Points:1,344,020
Joined:Feb 2011
Message Posted: Feb 18, 2013 9:10:13 PM

And still gas prices continue to rise
heartbroken2010
Champion Author Ottawa

Posts:7,582
Points:1,677,535
Joined:Aug 2010
Message Posted: Feb 18, 2013 9:08:45 PM

careful with this fracking.
gasmack
Champion Author Ventura

Posts:4,046
Points:1,381,805
Joined:Feb 2011
Message Posted: Feb 18, 2013 9:08:44 PM

Good news. Spread it to the West Coast.
Prodaddy
Champion Author Houston

Posts:11,572
Points:2,665,220
Joined:May 2007
Message Posted: Feb 18, 2013 9:08:15 PM

Prices are sky high right now
mfeldstein
Champion Author Ottawa

Posts:11,293
Points:2,682,485
Joined:Feb 2007
Message Posted: Feb 18, 2013 9:08:09 PM

Ban fracking.
Rooster922
Champion Author Wilmington

Posts:4,240
Points:1,180,455
Joined:Jan 2009
Message Posted: Feb 18, 2013 9:07:40 PM

No really
Brucevanf
Champion Author New Brunswick

Posts:4,399
Points:1,016,770
Joined:Aug 2012
Message Posted: Feb 18, 2013 9:07:14 PM

Bring it on
mcbrownie220
Sophomore Author Toledo

Posts:225
Points:184,525
Joined:Jun 2012
Message Posted: Feb 18, 2013 9:06:25 PM

ok
RAKARWOWSKI
Champion Author Chicago

Posts:7,211
Points:1,599,825
Joined:Jan 2011
Message Posted: Feb 18, 2013 9:06:10 PM

Prices still on the rise.
FortVancouver01
Champion Author Washington

Posts:1,985
Points:934,905
Joined:Jul 2012
Message Posted: Feb 18, 2013 9:06:09 PM

I sure hope our two countries are considering the long term consequences of hydraulic fracking... If we are not careful they may be at least as significant as what we are dealing with in atomic stuff.
JasTheAce
Champion Author Raleigh

Posts:4,159
Points:948,385
Joined:Nov 2012
Message Posted: Feb 18, 2013 9:05:05 PM

good
Matt G
Champion Author Boston

Posts:7,773
Points:3,552,065
Joined:Jun 2004
Message Posted: Feb 18, 2013 9:01:47 PM

So lower the as prices
SUSANCK
Champion Author Chicago

Posts:6,301
Points:1,298,700
Joined:Apr 2011
Message Posted: Feb 18, 2013 8:59:50 PM

ok.
southrob
Champion Author Tucson

Posts:6,072
Points:1,388,845
Joined:Mar 2011
Message Posted: Feb 18, 2013 8:59:07 PM

dhan quick
FortVancouver01
Champion Author Washington

Posts:1,985
Points:934,905
Joined:Jul 2012
Message Posted: Feb 18, 2013 8:57:12 PM

Stabilized gas prices..?? Someone must have a different definition than what I understand it to mean.
us4usa
Champion Author Missouri

Posts:7,158
Points:1,563,725
Joined:May 2008
Message Posted: Feb 18, 2013 8:56:17 PM

I guess the question could be how high would New England's gas prices be without Fracking???
snagged
Veteran Author Akron

Posts:459
Points:338,840
Joined:Oct 2012
Message Posted: Feb 18, 2013 8:55:36 PM

This is awesome.
PissedATthePump
All-Star Author Pennsylvania

Posts:598
Points:159,540
Joined:May 2012
Message Posted: Feb 18, 2013 8:53:30 PM

A re-hash story
sickhp
Champion Author San Antonio

Posts:3,548
Points:1,242,785
Joined:Sep 2011
Message Posted: Feb 18, 2013 8:49:09 PM

Drill baby drill in all of America.
mfeldstein
Champion Author Ottawa

Posts:11,293
Points:2,682,485
Joined:Feb 2007
Message Posted: Feb 18, 2013 8:47:28 PM

Ban fracking.
kcboy
Champion Author Utah

Posts:6,269
Points:2,065,995
Joined:Jun 2005
Message Posted: Feb 18, 2013 8:43:54 PM

Good
prorodeo2012
All-Star Author Bakersfield

Posts:560
Points:572,445
Joined:Sep 2012
Message Posted: Feb 18, 2013 8:43:25 PM

great news
blazerbob91
Champion Author Milwaukee

Posts:7,101
Points:2,607,910
Joined:Aug 2005
Message Posted: Feb 18, 2013 8:41:27 PM

Why are gas prices still going up?
Post a reply Back to Topics