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ConocoPhillips' Bayway Refinery in Linden one of a dying breed on East Coast

Published: Thursday, November 17, 2011, 1:19 PM Updated: Thursday, November 17, 2011, 1:25 PM

By Eliot Caroom/The Star-LedgerThe Star-Ledger

In recent months, nearby plants owned by other companies also have been on the chopping block, including two Sunoco plants — in Philadelphia and Marcus Hook, Pa. — that will be sold or closed.
"What you’re seeing is a lot of refineries shutting down in this region," said Hamza Khan, an analyst at the Schork Report, which covers energy markets. "Sunoco is pulling out. A number of refineries are shutting down on the East Coast. The onus is either shut down or sell."
The reason is that similar blends of light, sweet crude oil needed to make gasoline and other products cost very different prices in different parts of the country.
The crude oil refined on the East Coast comes from Africa, the North Sea and Canada, and it generally costs more than crude refined in the Gulf Coast, Midwest and Rockies, which mostly comes from the Gulf of Mexico, Canada and western states.
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http://www.nj.com/business/index.ssf/2011/11/conocophillips_bayway_refinery.html
 
Altona Mobil gas leak 'no danger' to public


FIREFIGHTERS and specially trained Mobil staff took 11 hours to contain a gas leak at the company’s Altona refinery yesterday.
The Metropolitan Fire Brigade, which was called to the Mobil refinery about 2am, said a mixture of propane and butane had been “over-pressurised”, causing it to spill into a tank not designed to hold those gases.

The MFB said a cap on that tank then “blew off”, allowing “an uncontrolled release of the volatile gasses into the atmosphere”.


http://hobsons-bay-leader.whereilive.com.au/news/story/altona-mobil-gas-leak-no-danger-to-public/


(it's amazing to me how many refinery fires and accidents there are on any given day).
 
Dec. 12, 2011, 2:50 p.m. EST
[h=1]Oil at lowest in more than two weeks on euro worry[/h],,,,,,,,,,,,,,,,arrowdownngr.gif
 
Perhaps the Venders are tired of changing the pump prices and their signs every other day..But So far gas has held at $2.92 for E10 and $2.99 for 100% pure Conoco.


Maybe $2.50/gal is in the near future...hmmmm?:)
 
Were still stuck at $3.13 down here, but if the Market and Dollar crash it might make $2.50 rather quickly? :sick:
 
Buster said:
We both know that ain't goinna happen..But maybe oil and gas will stay at least where it's at through the Holidays
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Opps, I ment to say "If the Market Crashes and the Dollar rallies Gas might get down to $2.50". MERRY CHRISTMAS
 
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