Oil Refineries At Risk

[Ernie]

http://www.trust.org/alertnet/news/f...issippi-river/

May 10 (Reuters) - Heavy flooding in the U.S. Midwest shut Ohio River terminals, limited barge movements and threatened to disrupt refinery operations along the Mississippi River to the Gulf of Mexico on Tuesday.

There are 10 refineries, including the second largest U.S. refinery, located along the Mississippi River, that can process 2,414,700 barrels per day of oil, or 13.7 percent of the country's refining capability.


According to the article, some incoming tankers have been turned back. They think they may lose some of these refineries as well.

[Darren]

I found out something interesting last Summer. Gasoline for West Virginia either comes in via barge from Baton Rouge or the tankers go to a terminal near Richmond, VA where the gasoline pipeline from the refineries near the Gulf of Mexico terminates.

The other issue is the capacity factor. How many refineries are really operating at full capacity? The real question is will we see a shortage of gasoline? Probably not although the flood will be another excuse to drive gasoline prices up.

[Lilbitof4]

I've been wondering about this very issue since I saw reports that much of the Mississippi was at levels high enough to prevent travel by barge.

[naturelover]

Interesting. I wonder if the flooding in southern Manitoba is interfering with the pipelines coming into USA from Manitoba. Now that would be really bad if that major source got shut off due to flooding, they've declared a state of emergency there.

10 refineries doesn't sound too bad, there's a total of 152 operating petroleum refineries in the USA and then there's also some few that are sitting idle, altogether the operating ones are producing in the vicinity of 20 +/- thousand barrels per day. Good thing the interruption of those 10 along the Mississippi will only be for a short while.

.

[Riverrat]

Gas in some parts of Canada went up 6 cents a liter a couple of nights ago, they are now paying $1.39 plus in some areas. Ours changes at mid night on Wednesday night, should be interesting....

[preecher97]

Gas prices jumped 40 cents in some parts of Ky yesterday. It's up to $4.29 in Louisville. they are blaming it on the flood.

[Ernie]

Last night when I read the report I hopped in the truck and went into down to fill up. It was $3.99 per gallon. I filled up both tanks and my spare jerries.

This morning it's at $4.09.

[Aintlifegrand]

Originally Posted by preecher97

Gas prices jumped 40 cents in some parts of Ky yesterday. It's up to $4.29 in Louisville. they are blaming it on the flood.

Gas dropped 10 cents here yesterday.. they are saying it is because oil went down...???

Will all the lies never cease.

[Energy Rebel]

Originally Posted by preecher97

Gas prices jumped 40 cents in some parts of Ky yesterday. It's up to $4.29 in Louisville. they are blaming it on the flood.

Originally Posted by Ernie

Last night when I read the report I hopped in the truck and went into down to fill up. It was $3.99 per gallon. I filled up both tanks and my spare jerries.

This morning it's at $4.09.

Interesting.
Gas is going down here in WNC.
After many hurricanes in FL, I can tell you price gouging is often blamed on nature.
Check with people in other regions and you'll know for sure, then report them to your governor's office.
I did that in 2008 here.

[Ernie]

It's against my nature to report anyone to the government. But I don't believe this is gouging in my area. Too many different store chains are reporting that same price. It's unlikely they're all in collusion.

[Energy Rebel]

Originally Posted by Ernie

It's against my nature to report anyone to the government. But I don't believe this is gouging in my area. Too many different store chains are reporting that same price. It's unlikely they're all in collusion.

LOL.
That's how it works.
When it happens, it's always widespread, because it's being down by the suppliers to those stores.
I prefer not to report things to the gov't as well, but the law usually frowns on my preferred method of handling thieves.

Edit:
Ooops Ernie, I should have clarified that I think the KY price going up 40 cents in a day is the price gouging, not necessarily your area.

[Sweetsurrender]

I wish I would have known that last night. It had been holding steady @$3.99 for the last 2 weeks even with the barrel going down and this morning when I filed up the minivan and my jerry can for my trimmer at was $4.03

I expect it will go up a few cents over the next few days. That is how they seem to do it in PA. And all this with demand going down? I expect more sticker shock at the grocery store.

[Ernie]

Typically you see a few cents rise every few days. I think if the price went up 50 cents in one day there would be riots. So the expectation is that over the course of a week you'll have a substantial increase.

I think (on average) most people drive along without concern for gas prices until their tank hits empty, then they pull in and are surprised at how much it's risen. I know that since I got a truck with dual tanks I've started paying a lot more attention and will fill up with only a few cents difference since with 30 gallons it starts to add up.

[hintonlady]

Originally Posted by Ernie

http://www.trust.org/alertnet/news/f...issippi-river/

May 10 (Reuters) - Heavy flooding in the U.S. Midwest shut Ohio River terminals, limited barge movements and threatened to disrupt refinery operations along the Mississippi River to the Gulf of Mexico on Tuesday.

There are 10 refineries, including the second largest U.S. refinery, located along the Mississippi River, that can process 2,414,700 barrels per day of oil, or 13.7 percent of the country's refining capability.


According to the article, some incoming tankers have been turned back. They think they may lose some of these refineries as well.

Well aren't we a beacon of sunshine as usual...

[texican]

Originally Posted by naturelover

Interesting. I wonder if the flooding in southern Manitoba is interfering with the pipelines coming into USA from Manitoba. Now that would be really bad if that major source got shut off due to flooding, they've declared a state of emergency there.

10 refineries doesn't sound too bad, there's a total of 152 operating petroleum refineries in the USA and then there's also some few that are sitting idle, altogether the operating ones are producing in the vicinity of 20 +/- thousand barrels per day. Good thing the interruption of those 10 along the Mississippi will only be for a short while.

.

Most of the pipelines around here are bored and placed under the rivers, so flooding doesn't become an issue. Except at terminals (where they might pump the gas), the lines are underground. Up in Canada or AK, if the ground is frozen, could easily be different...

Gas hasn't moved a penny, up or down, in two weeks... that tells me we're working our way through the high priced oil that is in the 'refinery/delivery pipeline system'.

I have to wonder, in spare moments, exactly how high the price a gallon of gas would have to go, for those still blindly in love with our leader, to fall 'out of love'... and if the pain I felt at paying even more for gas (actually diesel) would be worth having millions of epiphanies on the other side, and realization across the board how the world really works...

[machinist]

texican,

The gas price doesn't matter now. Heven't you heard? They got OBL, so everything is just peachy and Obama is more popular than ever!

Not.