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GasBuddy News Article

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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..


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Submitted Feb 18, 2013 By: EZExit
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Author Topic: US shale oil reviving East Coast refineries Back to Topics
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tomok
Champion Author Portland

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Message Posted: Mar 5, 2013 11:55:11 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!
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 25, 2013 4:51:14 AM

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

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Message Posted: Feb 24, 2013 5:58:16 AM

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

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Message Posted: Feb 24, 2013 5:56:49 AM

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

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Message Posted: Feb 23, 2013 7:00:13 AM

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

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Message Posted: Feb 19, 2013 6:05:46 AM

Good
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kgbellman
Champion Author Ann Arbor

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Message Posted: Feb 18, 2013 11:39:04 PM

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

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Message Posted: Feb 18, 2013 11:30:48 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.
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DEG
Champion Author Las Vegas

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Message Posted: Feb 18, 2013 11:27:16 PM

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

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Message Posted: Feb 18, 2013 11:27:13 PM

good deal
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Ray_10589
Champion Author New York

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Message Posted: Feb 18, 2013 11:25:30 PM

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

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Message Posted: Feb 18, 2013 11:24:54 PM

Maybe they may open one refinery.
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vibdata
Champion Author Massachusetts

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Message Posted: Feb 18, 2013 11:24:38 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.
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crreed1
Champion Author West Virginia

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Message Posted: Feb 18, 2013 11:20:53 PM

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

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Message Posted: Feb 18, 2013 11:19:35 PM

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

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Message Posted: Feb 18, 2013 11:19:35 PM

Old but, good news.
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CivicMA
Champion Author Boston

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Message Posted: Feb 18, 2013 11:18:01 PM

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

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Message Posted: Feb 18, 2013 11:17:59 PM

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

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Message Posted: Feb 18, 2013 11:16:31 PM

Okay.
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rahcat
Champion Author Grand Rapids

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Message Posted: Feb 18, 2013 11:16:12 PM

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

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Message Posted: Feb 18, 2013 11:15:44 PM

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

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Message Posted: Feb 18, 2013 11:15:43 PM

They certainly need the restoration
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mlmeng
Champion Author Michigan

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Message Posted: Feb 18, 2013 11:15:23 PM

Well said stratlinetime.
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Quick68
Champion Author Columbus

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Message Posted: Feb 18, 2013 11:15:10 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.
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sehonda
Champion Author Honolulu

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Message Posted: Feb 18, 2013 11:13:19 PM

anything for cheap energy...
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PrinceLH
Champion Author Ontario

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Message Posted: Feb 18, 2013 11:12:43 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.
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JENNYHK
Champion Author Chicago

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Message Posted: Feb 18, 2013 11:11:50 PM

Bad for water.
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EVBuddy
Champion Author Nevada

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Message Posted: Feb 18, 2013 11:10:55 PM

Nice for East Coast refineries
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stratlinetime
Champion Author Kalamazoo

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Message Posted: Feb 18, 2013 11:10:13 PM

And still gas prices continue to rise
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heartbroken2010
Champion Author Ottawa

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Message Posted: Feb 18, 2013 11:08:45 PM

careful with this fracking.
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gasmack
Champion Author Ventura

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Message Posted: Feb 18, 2013 11:08:44 PM

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

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Message Posted: Feb 18, 2013 11:08:15 PM

Prices are sky high right now
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mfeldstein
Champion Author Ottawa

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Message Posted: Feb 18, 2013 11:08:09 PM

Ban fracking.
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Rooster922
Champion Author Wilmington

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Message Posted: Feb 18, 2013 11:07:40 PM

No really
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Brucevanf
Champion Author New Brunswick

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Message Posted: Feb 18, 2013 11:07:14 PM

Bring it on
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mcbrownie220
Sophomore Author Toledo

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Message Posted: Feb 18, 2013 11:06:25 PM

ok
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RAKARWOWSKI
Champion Author Chicago

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Message Posted: Feb 18, 2013 11:06:10 PM

Prices still on the rise.
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FortVancouver01
Champion Author Washington

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Message Posted: Feb 18, 2013 11:06:09 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.
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JasTheAce
Champion Author Raleigh

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Message Posted: Feb 18, 2013 11:05:05 PM

good
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Matt G
Champion Author Boston

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Message Posted: Feb 18, 2013 11:01:47 PM

So lower the as prices
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SUSANCK
Champion Author Chicago

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Message Posted: Feb 18, 2013 10:59:50 PM

ok.
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southrob
Champion Author Tucson

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Message Posted: Feb 18, 2013 10:59:07 PM

dhan quick
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FortVancouver01
Champion Author Washington

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Message Posted: Feb 18, 2013 10:57:12 PM

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

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Message Posted: Feb 18, 2013 10:56:17 PM

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

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Message Posted: Feb 18, 2013 10:55:36 PM

This is awesome.
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PissedATthePump
All-Star Author Pennsylvania

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Message Posted: Feb 18, 2013 10:53:30 PM

A re-hash story
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sickhp
Champion Author San Antonio

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Message Posted: Feb 18, 2013 10:49:09 PM

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

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Message Posted: Feb 18, 2013 10:47:28 PM

Ban fracking.
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kcboy
Champion Author Utah

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Message Posted: Feb 18, 2013 10:43:54 PM

Good
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prorodeo2012
All-Star Author Bakersfield

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Message Posted: Feb 18, 2013 10:43:25 PM

great news
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