Any news on oil refineries in Gulf

[boca]

Any news on the oil refineries in the Gulf if they sustained any damage from Rita?

[wxmann_91]

Thanks for reminding me, I had totally forgotten about the oil refineries.

Since Rita hit the portion of the GOM that had the most oil refineries, I expect some to be destroyed and a good rise in gas prices.

[Ixolib]

Thanks for reminding me, I had totally forgotten about the oil refineries.

Since Rita hit the portion of the GOM that had the most oil refineries, I expect some to be destroyed and a good rise in gas prices.

Are y'all speaking of refineries or rigs/platforms?

[Mac]

Thanks for reminding me, I had totally forgotten about the oil refineries.

Since Rita hit the portion of the GOM that had the most oil refineries, I expect some to be destroyed and a good rise in gas prices.

While there may be some rigs that sustained severe damage or were destroyed, Rita did not hit where most of the refineries are located. She landed well to the east of where they are located. I would expect very minor damage at the refineries, and a rise in oil prices should be only short-term and related to the lost production time when the plants shut down as a precautionary measure.

[vbhoutex]

There are some very large refineries in the area where landfall occurred also, but most of the larger refinieries are here in Houston area along our ship channel. Haven't heard of any major damages to them.

[wxmann_91]

Sorry through all this commotion I got counfused the difference between oil RIGS and oil REFINERIES.

At any rate, the refineries I think did well, but I wonder, how did the offshore oil platforms fare?

[azsnowman]

There are some very large refineries in the area where landfall occurred also, but most of the larger refinieries are here in Houston area along our ship channel. Haven't heard of any major damages to them.

The largest of these is Beamount is it not? Been watching MSNBC and the first initial estimates is that it faired "as well as can be expected."

Dennis

[thetraveler]

I dont have any specifics regarding damage to refineries, but ExxonMobil, Valero, and I believe Chevron have refineries in the Golden Triangle area and Lake Charles have ConocoPhillips and Citgo. Just FYI.

[Nimbus]

Forbes business news is reporting that the refineries in Charles lake LA and Port Arthur Texas may take a week or more to restart.

The problem is that gasoline reserves are already strained from the storm evacuations so either the price will go up for gasoline or there will be shortages.

Forbes is forecasting $5 to $7 a gallon gasoline and if the major media outlets get hold of the story there will be a run on gas stations as people panic buy.

[TexasStooge]

Glad that the refineries survived it all.

[jhamps10]

The state of Georgia is already calling for schools to be closed on Monday and Tuesday to try to save some gas.

[WeatherEmperor]

The state of Georgia is already calling for schools to be closed on Monday and Tuesday to try to save some gas.

Speaking of school, Im gonna be skipping 2 days this upcoming week of classes to save gas money.

<RICKY>

[PBGator]

Forbes business news is reporting that the refineries in Charles lake LA and Port Arthur Texas may take a week or more to restart.

The problem is that gasoline reserves are already strained from the storm evacuations so either the price will go up for gasoline or there will be shortages.

Forbes is forecasting $5 to $7 a gallon gasoline and if the major media outlets get hold of the story there will be a run on gas stations as people panic buy.

I heard $4 with no hiccup in production, workers will be back by mid-week at the refineries as per CNBC. NO damage to any oil infrastructure in the Beaumont\Port Aurthor. And in anticipation refined gasoline is being imported at market prices form Venezuala and the mid east. Don't but the oil company lines about production shortfalls. Just another reason the gouge you.

[digitaldahling]

Don't but the oil company lines about production shortfalls. Just another reason the gouge you.

Let's see. Shut down around 15 major refineries Friday ahead of Rita, four still shut down and damaged by Katrina, production rigs in the gulf evacuated again (those that were running and/or salvageable) and almost 30% of the refining capacities in the US are shut down.

Yeah, that's a company line. Right. And if you want to blame someone for the hike right now, try Wall Street. They plan to start trading on oil futures tomorrow night. That would be Sunday night.

[Nimbus]

We probably should start moving some of these Rita recovery threads over to the recovery area.

There is already some Houston area info over there.

http://www.storm2k.org/phpbb2/viewtopic.php?t=75490

[cjrciadt]

CNN reported "Siqnificant" damage at the FT. Arthur refinery, no details yet.

[Mac]

CNN reported "Siqnificant" damage at the FT. Arthur refinery, no details yet.

Hmmm. Considering it's CNN, they probably mean the guard shack was leveled by a gust of wind. Sorry for the sarcasm. I have been quite disappointed in some of the media hype I've been seeing from CNN and other media outlets since Katrina. It seems like they're more interested in shocking viewers than passing on valuable information to the public--which is kind of what I thought was the media's intended purpose.

[NFLnut]

The hype and misinformation is, as usual, disturbing from ALL of the news outlets.

As to the "company line" regarding oil and gas, well, considering that there have been ZERO refineries built in the U.S. since the 1970's, well ..

Consumption has increased exponentially since then and yet we can't build any new refineries in this country because of environmentalists. We had better start thinking seriously about how we are going to fix this mess! It was only a matter of time before something like this happened. Add to that the wisdom of having a greater percentage of our oil production/conversion in one region of our country (Hurricane prone at that) and you have a serious issue we MUST deal with, NOW! As to alternative fuels, that's a great idea, but we are at best 15-25 years off.

[chrisnnavarre]

The hype and misinformation is, as usual, disturbing from ALL of the news outlets.

As to the "company line" regarding oil and gas, well, considering that there have been ZERO refineries built in the U.S. since the 1970's, well ..

Consumption has increased exponentially since then and yet we can't build any new refineries in this country because of environmentalists. We had better start thinking seriously about how we are going to fix this mess! It was only a matter of time before something like this happened. Add to that the wisdom of having a greater percentage of our oil production/conversion in one region of our country (Hurricane prone at that) and you have a serious issue we MUST deal with, NOW! As to alternative fuels, that's a great idea, but we are at best 15-25 years off.

Sorry, but you won't be drilling over off the coast of Florida... go to Alaska. State politics here won't allow that sort of thing to happen and threaten our tourist industry, and Jeb's time is almost up. Too bad so sad, but we like our fishing and beaches too much. Dealing with Hurricanes is making it miserable enough over here, without slimy, stinky beaches. Your right however we need more refineries, I would suggest building them along the north eastern shore the water stays cooler there, or use the inland water way system and transport crude up rivers.

[WeatherEmperor]

The hype and misinformation is, as usual, disturbing from ALL of the news outlets.

As to the "company line" regarding oil and gas, well, considering that there have been ZERO refineries built in the U.S. since the 1970's, well ..

Consumption has increased exponentially since then and yet we can't build any new refineries in this country because of environmentalists. We had better start thinking seriously about how we are going to fix this mess! It was only a matter of time before something like this happened. Add to that the wisdom of having a greater percentage of our oil production/conversion in one region of our country (Hurricane prone at that) and you have a serious issue we MUST deal with, NOW! As to alternative fuels, that's a great idea, but we are at best 15-25 years off.

Sorry, but you won't be drilling over off the coast of Florida... go to Alaska. State politics here won't allow that sort of thing to happen and threaten our tourist industry, and Jeb's time is almost up. Too bad so sad, but we like our fishing and beaches too much. Dealing with Hurricanes is making it miserable enough over here, without slimy, stinky beaches. Your right however we need more refineries, I would suggest building them along the north eastern shore the water stays cooler there, or use the inland water way system and transport crude up rivers.

I agree with you. Alaska really could be used for this situation but we all know how the environmentalists would argue that the precious land comes first....

<RICKY>