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Will Detroit's bankruptcy kill new refinery for Michigan?

GasBuddy Blog -- Months before Detroit grabbed national headlines by filing for bankruptcy the entire state of Michigan was feeling the pain at the pump with many markets at or near $4.20 per gallon. Four or five refineries serving the Great Lakes region had maintenance problems and reductions in output -- all at the same time—and that led some markets in Michigan, (Indiana and Illinois too) to see prices higher than Hawaii’s.

Since there’s only one refinery in the whole state, Senator Rick Baker (R-Grand Ledge) says it’s time to build another one and maybe that can ensure a healthier gasoline supply and more palatable retail prices.

We reported earlier GasBuddy: June 25 that Jones wants to build a ‘portable’ refinery similar to...


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Submitted Jul 31, 2013 By: PD
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Author Topic: Will Detroit's bankruptcy kill new refinery for Michigan? Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Aug 3, 2013 6:23:00 AM

time will tell...
fedupp
Champion Author Cleveland

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Message Posted: Aug 2, 2013 11:18:33 AM

Yea the Clinton years were so terrible 8 million jobs lost gas prices going from $1.17gal to $4.25gal,wars,wall street collapse, terrorist attacks,everyone loosing their 401ks,retirements,health care benefits,home values---If Carter and Obama hadn't ruined this country between 2000 and 2008 everything would be ok now.
HawaiianGuy
Champion Author Idaho

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Message Posted: Aug 1, 2013 9:23:43 PM

Maybe the Dems will come up with "Gas Stamps" for all the welfare recipients they've created through the years.
Mr Sixpence
Champion Author Michigan

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Message Posted: Aug 1, 2013 4:14:30 PM

I hope not, the whole US would benefit from additional refineries.
tidalwave3
Champion Author Tallahassee

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Message Posted: Aug 1, 2013 2:45:55 PM

For Michigan's survival in would be wise to have more than one refinery. BUILD BUILD BUILD
tbbMI
Sophomore Author Michigan

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Message Posted: Aug 1, 2013 2:43:35 PM

You are sooo right 'DeHavilland'!!
Digger52
Champion Author Chicago

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Message Posted: Aug 1, 2013 2:11:54 PM

Interesting observations. . .
fedupp
Champion Author Cleveland

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Message Posted: Aug 1, 2013 12:54:22 PM

Detroit went bankrupt because of the Invasion of Iraq-and oil going to $145.00brl by july 2008-people simply stoped buying big US cars and trucks just like they did in 1973 during the first fake gas shortage(the middle east nations created OPEC and raised the price of fuel 70% because of our support of Israel in the early 70s wars)The war in Iraq killed our auto manufacturing,the unions that go with them,raised the price of crude from $20.00brl to $145.00brl and just like in the 70s left the door wide open for Hundai,Kia,Honda,---China gets Iraq's oil now under US military protection--and we pay $80.00 per barrel before profit(just to get out of the ground) for whats left of our high price crude after they export what they want to--refineries take years to build(and they have already had us handled for 10) A few more refineries wont make A difference-----------
Rich_pa
Champion Author Cincinnati

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Message Posted: Aug 1, 2013 12:05:09 PM

Let's get it built.
DYSKYPILOT
Champion Author Fort Worth

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Message Posted: Aug 1, 2013 12:03:26 PM

Ok.
mainenightowl
Champion Author Maine

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Message Posted: Aug 1, 2013 12:03:23 PM

Old news.
veemotors
Champion Author Alberta

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Message Posted: Aug 1, 2013 12:02:24 PM

ok
91Hilux
Champion Author New Haven

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Message Posted: Aug 1, 2013 12:01:27 PM

No, it's a case of Apples & Oranges...

Detroit's bankruptcy is a case of corrupt/inept politicians managing their budgets badly.

The refinery is a case of corrupt/greedy Oil companies deciding how much they will dip into their large profit margin to build something that will make fuel production cheaper (for them).
DJRIO
Champion Author Miami

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Message Posted: Aug 1, 2013 12:00:52 PM

detroit was doomed decades ago.
sit
Champion Author Cleveland

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Message Posted: Aug 1, 2013 11:59:35 AM

Don't know.
skybiker
Champion Author South Carolina

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Message Posted: Aug 1, 2013 11:58:10 AM

I don't think it will...
installer
Champion Author San Diego

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Message Posted: Aug 1, 2013 11:58:04 AM

Why does the state have to worry about building a new refinery? Give a good tax break to the refiners and you'll have them standing in line to build one.
But then this is Michigan and i can smell political pressure (spelled donations) here.
LuckyD43
Champion Author Long Island

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Message Posted: Aug 1, 2013 11:56:51 AM

I personally think that all these "maintenance problems" should be investigated because I think it's just too much of a coincidence that they ALL go out at the same time. THIS is why the gas there is $4.20/gal. It's just a conspiracy by the oil companies to manipulate the gas prices.
mageetp
Champion Author British Columbia

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Message Posted: Aug 1, 2013 11:56:11 AM

A new up to date portable refinery sounds good to me.
Grismer
Champion Author Kitchener-Waterloo

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Message Posted: Aug 1, 2013 11:55:46 AM

Time to restructure.
gasper
Champion Author Edmonton

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Message Posted: Aug 1, 2013 11:55:28 AM

I say built it but make sure its better and more efficient than the old ones and make sure its not state tax money but investors cash.
juttuniemi
Champion Author Tucson

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Message Posted: Aug 1, 2013 11:55:22 AM

Sure, Republicans want to give welfare through tax breaks to business, while cutting food stamps! Even the article acknowledges "building a new refinery may not necessarily reduce retail prices." Blatant greed!!!
marinedad1949
Champion Author Lancaster

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Message Posted: Aug 1, 2013 11:54:01 AM

Old news.
rjojo40
Champion Author Las Vegas

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Message Posted: Aug 1, 2013 11:52:10 AM

What we need is a (New Detroit) sound familiar.
skysteve1
Champion Author Victoria

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Message Posted: Aug 1, 2013 11:50:14 AM

maybe it will get them out of bankruptcy
ChuckGVT
Champion Author Vermont

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Message Posted: Aug 1, 2013 11:50:10 AM

We need more and modern refineries.
RedskinGas
Champion Author Tennessee

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Message Posted: Aug 1, 2013 11:49:23 AM

Why build it near Detroit? No one there wants to work.
goldrose1
Champion Author Cleveland

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Message Posted: Aug 1, 2013 11:48:28 AM

For decades gas prices in MI have been higher than surrounding states.
Hope this will drop price disparity that also contributed to MI and Detroit difficulties.
leraar2
Champion Author Massachusetts

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Message Posted: Aug 1, 2013 11:44:50 AM

should have no effect unless the city/state offered funds
or backing for the venture.
mattsage
Champion Author Buffalo

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Message Posted: Aug 1, 2013 11:44:41 AM

Ok
R209
Champion Author California

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Message Posted: Aug 1, 2013 11:44:17 AM

Old
sciotosix
Champion Author Dayton

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Message Posted: Aug 1, 2013 11:43:22 AM

Maybe this refinery would help them get out of bankruptcy.
techque
Champion Author St. Louis

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Message Posted: Aug 1, 2013 11:42:24 AM

given the fact that Michigan is seeking a federal bailout for Detroit’s $18 billion bankruptcy, it could be difficult for the state to extend the incentives that Baker envisions. And at the same time, it might be impossible to attract anyone to build and run a refinery without the tax breaks, considering that many other states would likely be willing to roll those dice.
OOXXFF
Champion Author Greensboro

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Message Posted: Aug 1, 2013 11:42:02 AM

No.
kst8er
Champion Author St. Louis

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Message Posted: Aug 1, 2013 11:39:35 AM

build it & they will come
Mariuxus
Champion Author Chicago

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Message Posted: Aug 1, 2013 11:38:40 AM

old...next
Car54BC08
Champion Author British Columbia

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Message Posted: Aug 1, 2013 11:38:13 AM

Detroit's bankruptcy shouldn't affect a refinery
WillyG
Champion Author Cincinnati

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Message Posted: Aug 1, 2013 11:37:53 AM

Doubt it very much.
mickealo
Champion Author Spokane

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Message Posted: Aug 1, 2013 11:37:17 AM

well I think we need them in many states a little competition would be great for us buyers
TC5504
Champion Author West Virginia

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Message Posted: Aug 1, 2013 11:36:00 AM

Should not make a difference.
Goatroper47
Champion Author Twin Cities

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Message Posted: Aug 1, 2013 11:35:47 AM

Ok
mikesr100
Champion Author Sacramento

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Message Posted: Aug 1, 2013 11:35:29 AM

EPA & Obummer won't allow any new Refineries!
dad2two
Champion Author Dallas

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Message Posted: Aug 1, 2013 11:35:19 AM

It would probably help with employment and raising money for the city and state. Detroit has plenty of vacant cleared land ready for a plant like this. Maybe they could give them the land and have a smaller tax abatement on the improvements.
dm9667_23
Champion Author Pennsylvania

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Message Posted: Aug 1, 2013 11:32:46 AM

will be interesting to see what happens
vwilsonskis
Champion Author New Jersey

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Message Posted: Aug 1, 2013 11:32:34 AM

ok, but the business wants the higher profits
blazerbob91
Champion Author Milwaukee

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Message Posted: Aug 1, 2013 11:32:02 AM

We need the refinery in the midwest
cheli2010
Champion Author Twin Cities

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Message Posted: Aug 1, 2013 11:30:25 AM

Gotta give they guy credit.. he is thinking of ways to create jobs... and produce a needed product while doing it... I think this is something the goverment should get behind.... Skip all those committees and sun committees and do something that is needed.
Ram4Sam
Champion Author San Bernardino

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Message Posted: Aug 1, 2013 11:29:33 AM

Just go see daddy warobamabucks.......
captngasTN
Champion Author Tennessee

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Message Posted: Aug 1, 2013 11:26:56 AM

hard to build when you don't have money
QuinteH
Champion Author Ontario

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Message Posted: Aug 1, 2013 11:26:56 AM

Refinery would be owned by someone other than the city. Should not be a factor.
olebufnav
Champion Author Omaha

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Message Posted: Aug 1, 2013 11:26:45 AM

Hopefully they will build the refinery.
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