Last decade, billions of dollars were invested in upgrading refineries in texas louisiana and those were on the gulf coast to process heavy crude oil now we have a surplus of light crude. So its created problems. I think the concern of surplus of light crude, because they are typically the shale, those wells are very shortlived, but theyre much cheaper to drill in the army are once. So theres some issues with our be going to have to reinvest for those refiners another 2. 5 billion to handle the lighter crude . There are upgrading and new Construction Projects underway right now to allow the refiners to handle that. A lot of those are taking place in your district. As eia looked at the issues . In the past we typically choose whatever we refined in the country, but now we are producing so much more that its actually, were having those downstream jobs better exports. Back in houston were exporting just times in the last few years of low sulfur diesel. Because of the heavier crude we get
Interview. Thanks for joining us today im thomas on. Weather forecasters often make predictions that dont turn out correctly you recently said that President Trump will change his mind about Climate Change only after a storm of public proportions hits the u. S. Has now happened has the president changed his mind. Unfortunately he has not i had hoped that he would realize whats going on. Come to the conclusion that he doesnt listen to the advice of others. I dont think hell ever change his mind. We see the sort of ignorance about Climate Change not only in the us but also in germany former chancellor Helmut Schmidt for example the debate over Climate Change is pure hysteria and schmidt knew something about science is Climate Research a legitimate form of science. Research is one of the physical sciences. Climate models are based on physical base equations expressed through mathematics. And i meant Helmut Schmidt shortly before he died. Did me to talk to him about this very subject but.
China’s southeastern coastal province is today a flagship of the country’s economic, industrial and infrastructural transformation, all fostered by the reform and opening up policy introduced in 1978 by late leader Deng Xiaoping.
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