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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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tomok Champion Author Portland Posts:32,944 Points:2,343,560 Joined:Aug 2006	Message Posted: Mar 6, 2013 12:55:11 AM Ignore tomok Report Abuse 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:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Feb 25, 2013 5:51:14 AM Ignore honda0105 Report Abuse Gasprice: that's be nice.. doubt it though.
GasPriceHelp4u Champion Author Dayton Posts:2,677 Points:566,850 Joined:Jul 2008	Message Posted: Feb 24, 2013 6:58:16 AM Ignore GasPriceHelp4u Report Abuse Let the refineries get up and run and hopefully drive the gas prices down!!!
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Feb 24, 2013 6:56:49 AM Ignore honda0105 Report Abuse let's remanufacture / rebuild what's there and keep them running for a change.
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Feb 23, 2013 8:00:13 AM Ignore honda0105 Report Abuse 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:1,867 Points:389,285 Joined:Jun 2005	Message Posted: Feb 19, 2013 7:05:46 AM Ignore jethro5000 Report Abuse Good
kgbellman Champion Author Ann Arbor Posts:2,703 Points:729,890 Joined:Mar 2011	Message Posted: Feb 19, 2013 12:39:04 AM Ignore kgbellman Report Abuse Great for the refineries, and therefore us, but not sure I like it living off of fracking
EvPv Champion Author Maine Posts:1,023 Points:262,775 Joined:Feb 2011	Message Posted: Feb 19, 2013 12:30:48 AM Ignore EvPv Report Abuse 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:17,610 Points:3,492,755 Joined:Jul 2003	Message Posted: Feb 19, 2013 12:27:16 AM Ignore DEG Report Abuse The US needs to be building refineries and not shutting them down.
furiousfowl Champion Author Riverside Posts:16,845 Points:2,747,230 Joined:May 2005	Message Posted: Feb 19, 2013 12:27:13 AM Ignore furiousfowl Report Abuse good deal
Ray_10589 Champion Author New York Posts:4,931 Points:1,180,810 Joined:May 2009	Message Posted: Feb 19, 2013 12:25:30 AM Ignore Ray_10589 Report Abuse open a refinery ....
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Feb 19, 2013 12:24:54 AM Ignore tedjm1 Report Abuse Maybe they may open one refinery.
vibdata Champion Author Massachusetts Posts:4,079 Points:847,350 Joined:Nov 2005	Message Posted: Feb 19, 2013 12:24:38 AM Ignore vibdata Report Abuse 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:1,975 Points:2,524,385 Joined:May 2005	Message Posted: Feb 19, 2013 12:20:53 AM Ignore crreed1 Report Abuse gas is still going up 3.91 here
DrGasPain Veteran Author Dallas Posts:362 Points:455,950 Joined:Mar 2011	Message Posted: Feb 19, 2013 12:19:35 AM Ignore DrGasPain Report Abuse More pipelines to feed the refineries with new domestic crude, please.
Zonk Champion Author Michigan Posts:6,471 Points:2,100,065 Joined:Oct 2005	Message Posted: Feb 19, 2013 12:19:35 AM Ignore Zonk Report Abuse Old but, good news.
CivicMA Champion Author Boston Posts:1,882 Points:533,145 Joined:Jun 2011	Message Posted: Feb 19, 2013 12:18:01 AM Ignore CivicMA Report Abuse It would be good to reopen those refineries.
ssect8 Champion Author Hartford Posts:7,979 Points:2,093,595 Joined:Jun 2006	Message Posted: Feb 19, 2013 12:17:59 AM Ignore ssect8 Report Abuse 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:1,310 Points:214,610 Joined:Aug 2012	Message Posted: Feb 19, 2013 12:16:31 AM Ignore wshokie12 Report Abuse Okay.
rahcat Champion Author Grand Rapids Posts:2,458 Points:660,250 Joined:Jan 2010	Message Posted: Feb 19, 2013 12:16:12 AM Ignore rahcat Report Abuse Won't lower prices in the near future.
boatfloyd Champion Author Jacksonville Posts:1,708 Points:386,025 Joined:Mar 2012	Message Posted: Feb 19, 2013 12:15:44 AM Ignore boatfloyd Report Abuse Oil is everywhere. We just have to pump it.
SavALot Champion Author Virginia Beach Posts:8,459 Points:1,709,660 Joined:Apr 2005	Message Posted: Feb 19, 2013 12:15:43 AM Ignore SavALot Report Abuse They certainly need the restoration
mlmeng Champion Author Michigan Posts:1,623 Points:588,320 Joined:Mar 2011	Message Posted: Feb 19, 2013 12:15:23 AM Ignore mlmeng Report Abuse Well said stratlinetime.
Quick68 Champion Author Columbus Posts:8,195 Points:1,223,850 Joined:Dec 2009	Message Posted: Feb 19, 2013 12:15:10 AM Ignore Quick68 Report Abuse 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:2,028 Points:914,060 Joined:May 2009	Message Posted: Feb 19, 2013 12:13:19 AM Ignore sehonda Report Abuse anything for cheap energy...
PrinceLH Champion Author Ontario Posts:2,682 Points:536,095 Joined:Jun 2011	Message Posted: Feb 19, 2013 12:12:43 AM Ignore PrinceLH Report Abuse 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:3,626 Points:710,620 Joined:Apr 2011	Message Posted: Feb 19, 2013 12:11:50 AM Ignore JENNYHK Report Abuse Bad for water.
EVBuddy Champion Author Nevada Posts:16,675 Points:3,028,670 Joined:Sep 2004	Message Posted: Feb 19, 2013 12:10:55 AM Ignore EVBuddy Report Abuse Nice for East Coast refineries
stratlinetime Champion Author Kalamazoo Posts:2,271 Points:561,885 Joined:Feb 2011	Message Posted: Feb 19, 2013 12:10:13 AM Ignore stratlinetime Report Abuse And still gas prices continue to rise
heartbroken2010 Champion Author Ottawa Posts:4,334 Points:894,985 Joined:Aug 2010	Message Posted: Feb 19, 2013 12:08:45 AM Ignore heartbroken2010 Report Abuse careful with this fracking.
gasmack Champion Author Ventura Posts:1,700 Points:665,575 Joined:Feb 2011	Message Posted: Feb 19, 2013 12:08:44 AM Ignore gasmack Report Abuse Good news. Spread it to the West Coast.
Prodaddy Champion Author Houston Posts:8,365 Points:1,893,010 Joined:May 2007	Message Posted: Feb 19, 2013 12:08:15 AM Ignore Prodaddy Report Abuse Prices are sky high right now
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Feb 19, 2013 12:08:09 AM Ignore mfeldstein Report Abuse Ban fracking.
Rooster922 Champion Author Wilmington Posts:3,778 Points:654,120 Joined:Jan 2009	Message Posted: Feb 19, 2013 12:07:40 AM Ignore Rooster922 Report Abuse No really
Brucevanf Champion Author New Brunswick Posts:1,346 Points:242,335 Joined:Aug 2012	Message Posted: Feb 19, 2013 12:07:14 AM Ignore Brucevanf Report Abuse Bring it on
mcbrownie220 Sophomore Author Toledo Posts:225 Points:152,125 Joined:Jun 2012	Message Posted: Feb 19, 2013 12:06:25 AM Ignore mcbrownie220 Report Abuse ok
RAKARWOWSKI Champion Author Chicago Posts:3,985 Points:818,100 Joined:Jan 2011	Message Posted: Feb 19, 2013 12:06:10 AM Ignore RAKARWOWSKI Report Abuse Prices still on the rise.
FortVancouver01 Champion Author Washington Posts:1,160 Points:285,345 Joined:Jul 2012	Message Posted: Feb 19, 2013 12:06:09 AM Ignore FortVancouver01 Report Abuse 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 All-Star Author Raleigh Posts:960 Points:170,385 Joined:Nov 2012	Message Posted: Feb 19, 2013 12:05:05 AM Ignore JasTheAce Report Abuse good
Matt G Champion Author Boston Posts:4,523 Points:2,771,090 Joined:Jun 2004	Message Posted: Feb 19, 2013 12:01:47 AM Ignore Matt G Report Abuse So lower the as prices
SUSANCK Champion Author Chicago Posts:3,627 Points:706,280 Joined:Apr 2011	Message Posted: Feb 18, 2013 11:59:50 PM Ignore SUSANCK Report Abuse ok.
southrob Champion Author Tucson Posts:3,590 Points:686,225 Joined:Mar 2011	Message Posted: Feb 18, 2013 11:59:07 PM Ignore southrob Report Abuse dhan quick
FortVancouver01 Champion Author Washington Posts:1,160 Points:285,345 Joined:Jul 2012	Message Posted: Feb 18, 2013 11:57:12 PM Ignore FortVancouver01 Report Abuse Stabilized gas prices..?? Someone must have a different definition than what I understand it to mean.
us4usa Champion Author Missouri Posts:5,978 Points:1,110,400 Joined:May 2008	Message Posted: Feb 18, 2013 11:56:17 PM Ignore us4usa Report Abuse I guess the question could be how high would New England's gas prices be without Fracking???
snagged Veteran Author Akron Posts:396 Points:110,830 Joined:Oct 2012	Message Posted: Feb 18, 2013 11:55:36 PM Ignore snagged Report Abuse This is awesome.
PissedATthePump All-Star Author Pennsylvania Posts:507 Points:119,580 Joined:May 2012	Message Posted: Feb 18, 2013 11:53:30 PM Ignore PissedATthePump Report Abuse A re-hash story
sickhp Champion Author San Antonio Posts:1,364 Points:514,205 Joined:Sep 2011	Message Posted: Feb 18, 2013 11:49:09 PM Ignore sickhp Report Abuse Drill baby drill in all of America.
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Feb 18, 2013 11:47:28 PM Ignore mfeldstein Report Abuse Ban fracking.
kcboy Champion Author Utah Posts:3,958 Points:1,505,850 Joined:Jun 2005	Message Posted: Feb 18, 2013 11:43:54 PM Ignore kcboy Report Abuse Good
prorodeo2012 All-Star Author Bakersfield Posts:528 Points:180,845 Joined:Sep 2012	Message Posted: Feb 18, 2013 11:43:25 PM Ignore prorodeo2012 Report Abuse great news