US largest refinery may need a year for repairs

[Carcus]

Conspiracy guy thinks this is a perfect recipe for shutdowns at any time for any length of time in the future.

Should there not have been layer upon layer of warning systems and procedure that would have prevented undiluted caustic from cooking the entire plant??? Who works there ... Shemp, Moe, Larry?


/however, it does comfort me to know that the Saudis are firmly in control of our "domestic" gasoline production and pricing.

[rhwinger]

Whats the problem? The API will spin it this way:

This will provide employment opportunities for all those corrosion experts and other experts they need to fly in and special purpose equipment that needs to be broudht in - pronto!

Their neglegence only causes the product to be more expensive.

Where else can you screw up and charge MORE for something?

[RedylC94]

It's a windfall mainly to their competitors, who get to charge more without the lost production and repair costs.
Somebody will be fired for the negligence.

[Carcus]

Just to recap:

1. Oil stockpiles highest in 22 years
2. Gasoline consumption lowest in 11 years

You'd think domestic gasoline prices would be falling rapidly, but no. Why?

Multiple refinery closures AND maintenance issues at the remaining (brand new) refineries.

/Why WOULD I be suspicious?

[50 mpg by 2012]

The shutdown of this refinery will have little or no impact on US and world markets.

IF ... you read the article carefully ... you will find that this facility has been under construction for the last 10 years.

And I assume that means no output until the refinery was commissioned only a few WEEKS before the failure was discovered ... suggesting no REAL change in US production relative to 2011 for the duration of Motiva outage/recovery, i.e., net change in US production is zero.

Have I misread that?

[Carcus]

Here's something you might want to read carefully:

Energy: Refined out of existence
http://www.ft.com/intl/cms/s/0/256f5...#axzz1yrPrpdRR


_____________
"More than 3m barrels of daily refinery capacity have closed in western countries, since the financial crisis, says the International Energy Agency, the west’s oil watchdog. Emerging economies have meanwhile added 4.2m b/d in capacity, with another 1.8m b/d coming this year. “It’s really a tale of two markets,” says Toril Bosoni, IEA senior oil analyst. “You have very contrasting pictures for economic growth and demand, and refining is reflecting what’s going on elsewhere.” "
_____________

The point is, it's a global market and the big global players (like Shell, Aramco) are going to get the best price they can, be that in Brics, the U.S. ..... whatever. So the whole idea that some U.S. politician is going to fix the domestic energy woes with a drilling policy, or a pipeline is a complete lie, and the "players" have to keep the lie going as well.

U.S. refineries are being closed or idled because U.S. demand is falling while in other parts of the world demand is rising. There's more money to be made somewhere else.


/can't provide a link, google the article title and you should come up with access

[Carcus]

More news:


Gasoline Retail Deliveries by Refiners Remain at Record Low Levels
http://hearourvoices.us/post/2012/06...ow-Levels.aspx

Lowest since the early 1980's????
Is this data for real?
Is the MSM covering this?


Holy crap!

/ add, earlier I referenced gasoline consumption lowest in 11 years, this would indicate lowest in over 30 years. Hard to believe.

[50 mpg by 2012]

Originally Posted by Carcus

More news:


Gasoline Retail Deliveries by Refiners Remain at Record Low Levels
http://hearourvoices.us/post/2012/06...ow-Levels.aspx

Lowest since the early 1980's????
Is this data for real?
Is the MSM covering this?


Holy crap!

/ add, earlier I referenced gasoline consumption lowest in 11 years, this would indicate lowest in over 30 years. Hard to believe.

What do you mean LOWEST SINCE THE EARLY 1980's?

IF ... I read the graph correctly Jan 2012 is about 37% below Jan 1983 ...

EDIT: A thought ... could ethanol and E10 and E85 be 10% of the 37% decline?

It will be interesting to see how long this declining consumption trend, first observed in 2003/2004, continues.

Also ... news, the refinery outside Philadelphia is being purchased by an airline as a hedge against future fuel costs. I think the facility has been on the market about 3 or more years.

Things are changing ...

[Carcus]

Originally Posted by 50 mpg by 2012

What do you mean LOWEST SINCE THE EARLY 1980's?

IF ... I read the graph correctly [b]Jan 2012 is about 37% below Jan 1983[/.

I didn't see any data from the 70's. (or 60's, or 50's). It would be interesting to know.

Where's the main stream media on this? ( conspiracy guy is taking a break)

[phoebeisis]

Wait-
It shows just 28,000,000 gallons per day-
One barrel of oil is 44 gallons-so produces maybe 30 gallons gasoline??
So of the 20,000,000 barrels per day we use-only 1 million goes to gasoline??
And 28,000,000 gallons is maybe 560,000,000 miles per day??
Is that it???
We use a LOT less than the 80's??
This is strictly gasoline- not diesel/jet fuel-
28,000,000 gallons- not much!!

WHAT THE HECK DO WE DO WITH THE OTHER 19,000,000 BARRELS OF OIL??