With all due respect...
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Post Fiend
Joined: Apr 2004
Posts: 19,098
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From: Great State of Texas
With all due respect...
With all due repect, thoughts, and prayers to the affected families touched by the Texas City, TX refinery blast yesterday...a much less important impact to us apparently will be seen in the price of diesel.
From USATODAY
<TABLE cellSpacing=0 cellPadding=0 width=468 border=0 xmlns:Spaces="foo"><TBODY><TR><TD class=mwinside-copy>An explosion rocked BP's [BP] refinery in Texas City, Texas, at about 1:30 p.m. Central time, said Hugh Depland, a company spokesman. It is the largest refinery in BP's system, with a throughput capacity of 433,000 barrels per day, and supplies 3 percent of the nation's automotive gasoline.</TD></TR><TR><TD class=mwinside-copy>
A company spokesman said the explosion and fire occurred in, and was confined to, an isomerization unit. Isomerization units are used increase gasoline octane ratings and typically are located downstream from fluid catalytic crackers in the refining process.</TD></TR><TR><TD class=mwinside-copy>
"The news spread like wildfire across the trading floor near the end of the Nymex session ..." said Tom Kloza, chief oil analyst at the Oil Price Information Service. "Preliminary reports indicate that it could knock out some high-octane production as well as diesel."</TD></TR></TBODY></TABLE>
From USATODAY
<TABLE cellSpacing=0 cellPadding=0 width=468 border=0 xmlns:Spaces="foo"><TBODY><TR><TD class=mwinside-copy>An explosion rocked BP's [BP] refinery in Texas City, Texas, at about 1:30 p.m. Central time, said Hugh Depland, a company spokesman. It is the largest refinery in BP's system, with a throughput capacity of 433,000 barrels per day, and supplies 3 percent of the nation's automotive gasoline.</TD></TR><TR><TD class=mwinside-copy>
A company spokesman said the explosion and fire occurred in, and was confined to, an isomerization unit. Isomerization units are used increase gasoline octane ratings and typically are located downstream from fluid catalytic crackers in the refining process.</TD></TR><TR><TD class=mwinside-copy>
"The news spread like wildfire across the trading floor near the end of the Nymex session ..." said Tom Kloza, chief oil analyst at the Oil Price Information Service. "Preliminary reports indicate that it could knock out some high-octane production as well as diesel."</TD></TR></TBODY></TABLE>
