Posted on 08/30/2005 8:03:13 AM PDT by alligator
Glad you are correcting the record. Depending on how you define 'Gulf Coast', that may be correct. But what you initially posted was a gross overstatement of the impact.
If BP will avoid blowing up a refinery for a few days, everything should work out.
That's good news about the LOOP. It confirms what I've been thinking. Most of the offshore platforms should be back in production in a couple of days as well. As production outstrips refining capacity, crude prices may continue to drop.
Greenspan is like Pavlog's dog. Ring a bell and he salivates. Pop a commodity and he raises interest rates, then talks down whatever industry he wants to depress at that moment.
He is the most dangerous man in the world.
Has anyone heard about the rescue boats being shot at? I just heard it on Foxnews!!!
Didn't "Streets of Fire" predate "Terminator"?
Thread confusion update...
Sitting here in the comfort of my kitchen, it is easy to second guess the situ...but, why would an engineer recommend the construction of an oil refinery on a flood prone river plain....?
OK, you have me stumped.......
Did you come up with a car pooling plan yet? ;-)
We are doing an old-house rehab and the contractor told us he is buying all the lumber this weekend so that he can honor his original bid estimates. Yes, that means that we are having to pay the entirety of this now--but who knows where the cost will be within the next few weeks and months.
All these stories do is cause panic mode for the uninformed. I refuse to indulge in it.
I sell for a living, so unless I want to ride with competitors,...
In that case, I'll be expecting your SG&A costs to increase in your RFQ's.
Several reasons. First, a large part of the oil comes from offshore locations (Gulf of Mexico, Venezuela, Saudi Arabia). So the refineries are located close to where the oil can be offloaded and piped for refining. These refineries aren't knew. Most are well over 60 yrs old and were built to pre WWII.
Second. The refinery process, like most large chemical processing plants, paper mills, steel mills, etc. require large amounts of clean water for use in their boilers and cooling towers. So they have to be located near a large supply of fresh water, a river or a very large lake. The Mississippi River is the largest river in the US. So would expect that it would have a large amount of industry located next to it.
good luck.
I must be your buyer.....
Hard to tell--they were both released in 1984.
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