General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTwo fires at large U.S. oil refineries
Source: Reuters
Global oil prices extended their slide on Monday weighed by weakening demand in Europe and Asia, while refineries in Philadelphia and Ohio were hit hard by fires over the weekend, curtailing demand for crude in the U.S.
... Refinery disruptions in Philadelphia and Ohio threaten to add to a growing glut of crude by reducing demand from two sizable plants, including the largest on the U.S. East Coast.
The disruptions also curtailed production of oil products, initially boosting prices for diesel and gasoline.
Read more: http://www.cnbc.com/id/102327926
Hutzpa
(11,461 posts)Feel sad for those workers that will be without a job, other than that I hope the government fine then for negligence.
Sopkoviak
(357 posts)They consume it.
Shutting down a refinery would add to the glut in the supply of crude.
How the hell would setting one on fire stop the slide of crude prices?
That makes absolutely no sense.
Just my opinion of course.
Recursion
(56,582 posts)pipoman
(16,038 posts)Burn when crude prices are high, I'm seeing a pattern here
Warpy
(111,277 posts)Figures there's been a little corporate lightning out there.
Brother Buzz
(36,444 posts)I'm thinking some of these refineries might need to reconfigure a bit to accept a different grade of crude in a market that is shifting all over the place; to Hell with sour oil imported from Mexico, Venezuela and Canada's tar sands, when primo Brent Crude is so cheap.
villager
(26,001 posts)n/t