Have you ever taking a dump so big that it changes your entire outlook on life?
Yes
Have you ever taking a dump so big that it changes your entire outlook on life?
refinery capacity loss due to harvey :
Reuters: 20%
cnn: 16%
fortune: 10%
goldman sachs: 23%
Fine 25%. It still means a decrease in gasoline supply versus a glut in unrefined crude. The result is the same. Gasoline goes up while crude price goes down. Crude is worthless if you cannot refine it and get it to market.
Arkema chemical plant raising possible risk of explosion
7 Hours Ago | 03:22
Arkema SA expects chemicals to catch fire or explode at its heavily flooded plant in Crosby, Texas in the coming days, and has no way to prevent that from happening, the chief executive officer of the company's North America unit said on Wednesday.
The company evacuated remaining workers on Tuesday and Harris County ordered the evacuation of residents in a 1.5-mile radius of the plant that makes organic chemicals.
Richard Rowe, CEO of the North America unit, told reporters that chemicals on the site will catch fire and explode if they are not properly cooled, and that Arkema expects that to happen within the next six days as temperatures rise. He said the company has no way to prevent that because the plant is swamped by about six feet of water.
will not being in the water keep stuff cooler? what an added disaster for those folks
1. Harvey energy havoc: Harvey has knocked more Gulf Coast refineries offline, sending gasoline futures to around $2 a gallon. |
Thirteen oil refineries have been shut down or are in the process of closing, while several others are operating at reduced rates. Altogether, the storm has knocked out about a fifth of America's refining capacity, according to S&P Global Platts. |
The Colonial Pipeline, which carries huge amounts of gasoline and other fuel between Houston and the East Coast, is also shutting down after Harvey, which is now considered a tropical depression, forced the closure of refineries and some of the pipeline's own facilities. |
3. Harvey pain: U.S. gasoline prices rose further Thursday after flooding caused by Harvey forced the closure of major oil refineries. |
Gas prices have climbed 10 cents a gallon, and some pumps in Texas have ran out of supplies. |
The government tapped an emergency stockpile of oil to prevent the prices from spiking further. And a European flotilla is currently on its way to the U.S. with millions of gallons of gasoline. |
Well it's finally here, Friday of a holiday weekend, so looking forward to it! Just working half a day and then I'm out of here to enjoy the weekend!