Posted on 03/28/2021 2:06:18 PM PDT by janetjanet998
Tell us what the CIA has done in the past 10 years to benefit the people of the US.
If it's contained to storage tanks - that are a ways from the refinery - it's not gonna be a big problem...
“BOOM!” Perhaps several of them.
Pre Trump misbehaving Jihadists...
What a difference a stolen Election makes.
From BPD numbers posted above for the refinery and Indonesia indigenous consumption, this refinery represents roughly 10% of their national capacity. I think it unlikely that the country can wholly make this up with existing internal capacity and if this is indeed the case then the country will need to increase refined product imports.
The refinery and petrochemical catastrophic fires/explosions that have caught my attention over the years have usually had a common root cause having to do with maintenance activities. Lower skilled persons ignorant of safety issues or taking shortcuts do really stupid things.
This refinery going offline should have zero impact on world crude oil markets. Writ large, I think oil refining is operating at lower capacity overall and can easily replace this lost refinery. Asian refined markets could tick higher on a regional basis though. Indonesia is going to take the biggest hit, no surprise there.
My grandfather told me about a refinery fire in the Seminole oil field in the 1920s. Distillation towers shot up like rockets. The fire started when a creek caught fire, which ran upstream eventually reaching the refinery and kaboom. He worked in refineries in OK and TX from the 1920s to 1960s.
Like someone else said on here, even uneasiness in the market will raise prices and/or demand, etc.
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