Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SAJ

With the large build up before hand, I wonder if some of them were expecting a longer than normal downtime due to some upgrades or more extensive modifications.


81 posted on 05/08/2007 2:44:31 PM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 76 | View Replies ]


To: thackney
It's pretty odd, Hack. If I were conspiracy-minded, I'd say that years of cooperative squeezing of refinery capacity has finally paid off for ''Big Oil'', but there's way more to it than that.

Plant is wearing out all over the place. Not to the point of collapse, mind you, but to the point that more and more maintenance will be required. BP can't get their thumbs out of their arseholes at Texas City, and that hurts. Brent is selling about $3.00 over WTI, and that pushes up price for imports. Valero McKee is still having problems getting online completely (if I understand correctly, not always the case). In short, it's a rather vicious confluence of events...and I haven't listed all of them here by any means.

The refiners had better get their act together as best they can. Those Marxist clowns, esp. in the Senate, are just slavering to write more '70s-style regulations.

And, before you ask, NO, they didn't learn an effing thing from their last go at regulatory (cough, choke) ''improvements''.

87 posted on 05/08/2007 2:50:32 PM PDT by SAJ (debunking myths about markets and prices on FR since 2001)
[ Post Reply | Private Reply | To 81 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson