$this->bbcode_second_pass_quote('joewp', 'I') saw on CNBC today that there's several Texas refiners out with power problems. I could only find this article that mildly confirms it:
$this->bbcode_second_pass_quote('', '
')Since early February refineries in Texas, Louisiana, California, Delaware, Ontario, Pennsylvania and Colorado have trimmed fuel output because of fires and interrupted power supplies.
PeakOil is You
THE US Refinery Thread (merged)
Re: US Refinery Incidents Becoming More Frequent
by DantesPeak » Sat 24 Mar 2007, 10:33:37
If we're starting down into the Olduvai gorge, we can expect more refineries with power problems, I would guess. Just another unexpected positive feedback mechanism that will lead to a severe crash. These are the conclusions you have to come to when you realize that the electric grid depends on diesel and gasoline, and gas and diesel production depend on electricity. If one goes, so does the other.
I posted a few stories already this year on power problems causing refinery outages. Since power outages are most likely during peak summer cooling demand, which occurs about the same time as peak driving demand, the possibility of summer price spike in gasoline seems to be increasing as time goes on. Just about all parts of the country are getting closer to their electrical generating capacity. This would be especially true in California, being somewhat of a stranded gasoline market, which is probably why they are pushing so hard for Valero to produce there..
It's already over, now it's just a matter of adjusting.
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Re: US Refinery Incidents Becoming More Frequent
by Newsseeker » Sat 24 Mar 2007, 11:25:32
$this->bbcode_second_pass_quote('', '
')I posted a few stories already this year on power problems causing refinery outages. Since power outages are most likely during peak summer cooling demand, which occurs about the same time as peak driving demand, the possibility of summer price spike in gasoline seems to be increasing as time goes on. Just about all parts of the country are getting closer to their electrical generating capacity. This would be especially true in California, being somewhat of a stranded gasoline market, which is probably why they are pushing so hard for Valero to produce there..
')I posted a few stories already this year on power problems causing refinery outages. Since power outages are most likely during peak summer cooling demand, which occurs about the same time as peak driving demand, the possibility of summer price spike in gasoline seems to be increasing as time goes on. Just about all parts of the country are getting closer to their electrical generating capacity. This would be especially true in California, being somewhat of a stranded gasoline market, which is probably why they are pushing so hard for Valero to produce there..
This is already looking like it could be a wild summer and this is just one more reason to think so.
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Re: US Refinery Incidents Becoming More Frequent
by Dreamtwister » Sat 24 Mar 2007, 11:48:31
$this->bbcode_second_pass_quote('joewp', 'I')f we're starting down into the Olduvai gorge, we can expect more refineries with power problems, I would guess.
I think the real question hidden in this statement is "At what point do the power shortages become so critical that they have to divert power from the masses to keep the refineries running?"
Will they shut off the grid to the lower class folks to keep the middle class driving, or keep the lights on for everyone and run the pumps dry?
The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche
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