Nationwide Refinery Strike Temporarily Averted

AHN ^ | February 1, 2009 | David Goodhue

[george76]

Employees at refineries across the nation will report for work at the beginning of the week, after progress was made in contract negotiations between union leaders and Royal Dutch Shell, the lead negotiator out of more than 30 oil companies.

Details of the negotiations were kept under wraps, but the deal staved off a strike at almost 90 plants nationwide, representing almost 64 percent of U.S. refining capacity

[george76]

The last national refinery strike happened in 1980 and lasted more than two months.

[HangnJudge]

http://www.theoildrum.com/

Feb. 1 (Bloomberg) — Royal Dutch Shell Plc and the union representing refinery workers extended talks on a new contract for at least 24 hours, delaying a possible strike that may affect almost two-thirds of U.S. capacity.

The groups made “sufficient progress” during talks yesterday, Lynne Baker, a United Steelworkers spokeswoman, said in a telephone interview. The rolling 24-hour extension began at 12:01 a.m. U.S. Central Time today and renews each 24 hours until the two sides reach an agreement or the union terminates the contract and gives 24 hour notice that it will strike.

“When you go to rolling 24-hour extensions, it appears they want to reach a settlement, which will keep the union working without disrupting refinery operations,” said Andy Lipow, president of Lipow Oil Associates LLC in Houston.

The negotiations cover workers at 86 plants representing about 64 percent of U.S. refining capacity, including operations owned by Exxon Mobil Corp., Valero Energy Corp., BP Plc and Chevron Corp. as well as Shell. Gasoline futures prices soared almost 10 percent last week on concern over a walkout.

[george76]

it appears to be over now

[thackney]

Currently the union and companies are on 24 hour contract extensions.

[george76]

thanks