Posted on 08/29/2017 3:46:34 PM PDT by ameribbean expat
Roughly 2.33 million b/d of Texas refining capacity remained down due to shutdowns, but with refiners also cutting rates that figure is likely much higher. If those cutting runs are at 50% of capacity, that would put the total downed capacity at 3.36 million b/d (18% of the US total).
Vessel traffic into and out of the US Gulf Coast has largely been closed, restricting oil and refined products imports and exports. The US Coast Guard set port condition Zulu for Louisiana port Lake Charles and Texas ports Beaumont, Nederland, Orange, Port Arthur, Port Neches, Sabine and Sabine Bar.
The ports of Corpus Christi and Houston remained closed Tuesday, and Corpus Christi was hoping for a restart date of September 4.
(Excerpt) Read more at platts.com ...
Nice map/graphic
We’ll be fine....Not like ports haven’t been closed before. Just a few days...
Yes We will survive but watch the Gas prices go bonkers.
Because they know they can.
Most people aren’t as informed as FReepers are.
In Georgia the price is up 12 cents a gallon (or more) for gas that is still in storage.
Pretty interesting, my Guard unit just drove down from Dallas into San Antonio, and we were commenting on the gas prices. Mostly surprised they haven’t gone up, there were some stations at $1.90-$2. When Dallas area has been around $2.15 or so.
Yikes!!!
I haven’t been out for 6 or 7 days so I don’t know what the prices are here in Mooresville, NC are yet and won’t be out till Friday so I’ll update then.
Thanks for the info.
A dictator with a strategic view would organize our oil and gas infrastructure differently than the industry has, and would do so in a way leaving it less at risk to mother nature’s whims.
I would use pipelines with sea-based locations to move crude inland and move product out to tanker ships. I would not have refineries anywhere near or within 100 miles of where hurricanes potentially make landfall. The cost? Probably less than the economic cost of the lost production nearly every time a major hurricane makes landfall in or near, or between New Orleans and Houston.
One station was $2.07 8/27). Now it is $2.49(8/31). Gouge? Sam’s Club was “only” $2.29. It was $2.02 before.
2.39 at Sams 2.59 everywhere else so far here in Mooresville, NC
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