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jmyeet 2 hours ago

Well-meaning legislation (eg CEQA in CA) is effectively weaponized by NIMBYs who have outsized power to add years if not a decade or more to something getting built. There is also an overly naive, even performative opposition to anything fossil fuel related without having a substitute (again, I say this as a particularly pro-solar person). This adds significantly to costs.

I'm also anti-nuclear because it's too expensive, not as safe as advocates make out and the waste problem is not even remotely solved despites all the claims to the contrary. But it's also true that the same kind of anti-development tactics used against refineries are effectively used against nuclear plants such that it takes 15+ years to build a nuclear plant and the costs balloon as a result.

But there's also strong direct evidence contrary to your claim: the new refineries in Oklahoma and Texas. Why are they getting built if "the oil industry isn't going to do it"?

I'll go even further than this: if private industry won't build new refineries, the government should. In fact, that's my preferred outcome anyway.

doctorpangloss 2 hours ago | parent | next [-]

> if private industry won't build new refineries, the government should. In fact, that's my preferred outcome anyway.

maybe in some non-literal sense of financing them, which is what the government can (or will) offer to energy development generally. also there are numerous credits and tax favors for energy concerns.

on the flip side, how much demand for oil products is driven by ordinary consumers? some estimates say about 40% of extracted oil - it all eventually get refined, right? so the refining distinction is meaningless - in the US is refined into gasoline that goes directly into light duty vehicles (90% of all gas is light duty!), i.e., joe schmo public driving around.

if you are looking for government levers, your instincts seem right to reach for CEQA and NIMBYs. in the sense that you are looking at the bigger picture at A level of abstraction, but i disagree it is the right level of abstraction. fundamentally US oil consumption (and therefore refining) is about the car lifestyle, which is intimately intertwined with interest rates, because interest rates decide, essentially, how many americans live in urban sprawl and are obligated to use the car lifestyle as opposed to being able to choose.

so your preferred outcome, if we take it to its logical conclusion is, a non-independent fed. and look, you are already saying some stuff that sounds crank, so go all the way. the US president is saying a non-independent fed! it's not a fringe opinion anymore. but this is what it is really about. the system has organized itself around the interest rate lever specifically because it is independent, so be careful what you wish for.

vel0city 2 hours ago | parent | prev [-]

> the new refineries in Oklahoma and Texas.

Two truly new refineries in 50 years despite lots of growth of demand throughout most of those decades. The fact there's only been two in fifty years and neither is anywhere near operational is proving my point. These are largely aberrations compared to the last fifty years, and its extremely notable the larger one is being built largely by a foreign oil company wanting to diversify internationally. It hasn't even broken ground yet and you're acting like its already here.

> if private industry won't build new refineries, the government should.

Personally I'd prefer our tax dollars to be spent feeding our kids and providing healthcare instead of continuing to give handouts to billionaires, but hey lots of people have different opinions.