• Visitors Now:
  • Total Visits:
  • Total Stories:
Profile image
By Bunkerville, God, Guns and Guts
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Largest U.S. Refinery now belongs to Saudi Arabia

Monday, March 21, 2016 4:20
% of readers think this story is Fact. Add your two cents.

If we thought my earlier post U.S. giving away ownership and control of our Energy and refineries August 6, 2014 where I listed just some of the refineries and energy resources we were giving away had ended, the headline I caught yesterday that no, we are determined to destroy our energy independence at any cost apparently. From China to Russia, we are allowing the take over of resource rich tens of thousands of acres. So we are shutting down our coal companies, and giving away our refineries. What fool Nation allows this? So much for energy independence. Check out the list so far Here

This time it is an “in the weeds” story of how a breakup has left the Saudis with our largest refinery. And thy are not done. Saudi Aramco to target US refiners, chemical plants after Shell breakup CNBC. Ed: The intention? They are hurting with the price of gas now in the cellar. What a nice way to try and control prices.

The two companies signed a nonbinding letter of intent, a plan that would divide up Motiva’s refineries between them. The refineries have a combined capacity of 1.1 million barrels per day and are all located close to each other. The breakup will allow Saudi Aramco to take over the Port Arthur refinery and 26 distribution terminals, and Aramco will also hold onto the Motiva brand name. Shell will take over the other two refineries, Convent and Norco, both located in Louisiana. Shell said that it would operate the two refineries as one plant with a combined throughput of 500,000 barrels per day.

More USA Today

Filed under: Energy Tagged: chemical plants, coal, Oil, Refineries

Source: https://bunkerville.wordpress.com/2016/03/21/largest-u-s-refinery-now-belongs-to-saudi-arabia/
Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Today's Top Stories

Most Recent Stories



Email this story
Email this story
Share This Story:
Print this story
Email this story
Share on Tumblr

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.