Do you think there will be as many oil refineries in 35 years?

Question

Will they still be in full production, slower production, some decommissioned, or no such thing as oil 35 years from now? I'm thinking about going to work at one of the larger ones and I have another 35 years or so left to work.

Answer 1

If we do not increase production and refineries there is a lot of people that will be walking.

Answer 2

well, could go either way, depending on if the environmentalists gain in power or society wises up and starts conserving.

But I predict there will be ten times as many by then IF the human race even makes it to 35 years. Things couldn't be any lower. Wars all over, starvation, global warming wiping out communities. oil is already $108 a barrel and rising

I don't know why so many dread there being less oil in use. isn't that a good thing? It would mean lower prices, cleaner technology and less cause for war and terrorism. instead corporations have them brainwashed to believe it'll be some diabolical left wing eco-hippie agenda

Answer 3

There will certainly be some sort of refinery production, and, assuming there are no sudden moves to ban or restrict Crude oil use or extraction, the industry will still be thriving and profitable.  This is even though yields, and new field discoveries/activations will have decreased even further than today.

There are alwys associated industries into which you can move, and remember the concept that most people with a full, or mostly full, working life ahead of them will likey end up in two or three relatively unrelated indistries in their lifetimes anyway.  I am 35, and I am in my third industry(I was in healthcare, retail management, then education and am now in finance).    All were profitable, satisfying and worthwhile, and the first three led me on a path to where I am now.  Who knows where I will go next, but it makes an exciting life.  You will more than likely follow on a similar path, building skills and experience, profitably adding to the economy and keeping your family.

I really wish you well with that!

Answer 4

In the last 35 years there has been zero new ones built nor any future plans to build one. It shameful that a handful of environmentalists got all those saps to give to their cause of global warming. They used the money not to save the planet but to line political hacks pockets as well as their own.



It looks like the three stooges running for office will obediently sing on to the global warming hoax, which means no new refineries, no drilling on our soil or off the coastline.

I hope that someone puts pressure on these clowns and talks them into drilling. I understood that Bush wanted to do just that but the democrats and the gang of 14 republicans put a stop to that.

Good Luck in getting a job with the oil corporation.

Answer 5

There will be refineries, but if children are forced to marinade in the pseudo-science of the far left during public school, the US might have few left.

I heard a wonderful discussion about the future of refining a few weeks ago and it was depressing.  It was stated that a company must spend approximately a decade and billions of dollars to make it through the permitting requirements and legal suits brought against it by the econuts before it can begin construction of a new refinery.

It takes about a decade to build that refinery and about 12-15 years to pay off the cost of permitting and construction.  That takes us to about 35 years before a company will see a return on investment.

Oil companies earn about 4% on investment.  Banks, 16.5%, pharmaceutical companies 18%.  Why would any company invest in a new US refinery?

(By the way, Exxon Mobile paid twenty billion dollars in taxes for Q4 of 2007 at a rate of 41%.  Next time people complain about oil companies "making too much money"  (No such thing is a free market, but I digress) give them that stat and tell them they can always start up their own oil company if they want too.)