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Metro gas prices on the rise again, expected to keep climbing


Sophomore Jinx

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1 hour ago, Boudrias said:

You might remember the last time the idea of a BC refinery was suggested. Black of Black Press fame tried to work up an investment group to build a 500,000 boe refinery in Rupert, I think. He didn't get very far if memory serves. Easy to talk about such things but they usually don't proceed because the economics aren't there. An interesting side note. Most countries consider refining capacity as national security infrastructure. Crude oil can be bought globally but refining it is a strategic necessity. 

Sounds like something the Feds should subsidize then, maybe as part of a national energy program.

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17 hours ago, 6of1_halfdozenofother said:

BC had refining as an industry many years ago.  Not sure if the infrastructure was torn down though.

 

From 2016:

image.png.679fbf349ce31712dccc524be715e41f.png

 

https://www.oilsandsmagazine.com/news/2016/3/03/why-vancouver-desperately-needs-a-new-oil-refinery

 

There's also a pretty good list here: https://www.burnabynow.com/local-news/whos-moving-oil-on-the-burrard-inlet-2937442 (from 2012)

I wouldn't hold my breath looking for a new refinery in the Lower Mainland. A sunset industry which has more than enough capacity elsewhere. In the quoted article it labeled Vancouver being a major refining hub. No it wasn't. The refineries mentioned never had much in the way of volumes. If memory serves Shellburn never exceeded 30,000 boe per day. The rest were no better and that is why they were shut down and production moved to Edmonton. Trans Mountain was delivering refined product to storage anyway. The scale of the refineries in Washington State were such that any shortfall in Vancouver could easily be made up. Trans Mountain's upgrade will throw more volume into the market. Suggestions that government throw money into refinery construction is laughable and a tad ironic considering the general BC attitude towards hydrocarbons for the past 15 years. 

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