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Fire-hit Chevron California crude unit seen shut 6 months: IIR

Yahoo Finance -- NEW YORK (Reuters) - The sole crude distillation unit at Chevron Corp's (CVX) large Richmond, California, refinery may be shut for at least four to six months after last week's fire, industry intelligence group IIR Energy said in a report that suggests the outage may be twice as long as feared.

Investigators have found "extensive damage" in the cooling towers, pipe racks and heater tower, IIR Energy told clients on Friday.

Neither Chevron nor investigators have given any timeline for resuming full operations at the 245,000-barrel-per-day (bpd) plant, California's second largest, following an August 6 fire at its crude unit that caused a spike in regional gasoline prices.

A Chevron spokesman on Monday reiterated only that the No. 4 crude oil unit -- the only one at the plant -- was

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Submitted Aug 14, 2012 By: aservant

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REPLIES (newest first)Ignore Short Messages

DanMtz Champion Author Oakland Posts:3,491 Points:1,270,050 Joined:Oct 2009	Message Posted: Aug 14, 2012 6:56:23 PM Ignore DanMtz Report Abuse Not good. There goes any thought of an economic recovery.
MadTraveler Champion Author Idaho Posts:2,082 Points:572,100 Joined:Nov 2009	Message Posted: Aug 14, 2012 10:37:12 AM Ignore MadTraveler Report Abuse We must have a government that will not curtail the production of gas products like this administration has done. Very bad business to stay at capacity and not allow expansion of refineries.
Martinman Champion Author Mississippi Posts:14,869 Points:2,119,580 Joined:Sep 2005	Message Posted: Aug 14, 2012 7:15:23 AM Ignore Martinman Report Abuse Isn't this the same refinery that balked at upgrading the plant?
csblesson Champion Author Texas Posts:1,926 Points:378,725 Joined:May 2012	Message Posted: Aug 14, 2012 7:14:45 AM Ignore csblesson Report Abuse Ok
gs7101 Champion Author San Antonio Posts:5,658 Points:396,020 Joined:Jun 2009	Message Posted: Aug 14, 2012 6:39:00 AM Ignore gs7101 Report Abuse That's a long time to be out of order!
WalRus49 Champion Author Boston Posts:4,210 Points:895,590 Joined:Nov 2010	Message Posted: Aug 14, 2012 6:31:28 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage............
MImusicman Champion Author Michigan Posts:2,013 Points:435,375 Joined:Mar 2012	Message Posted: Aug 14, 2012 6:14:05 AM Ignore MImusicman Report Abuse that's gonna hurt!!!
speedys Champion Author Utah Posts:7,152 Points:2,585,610 Joined:Nov 2005	Message Posted: Aug 14, 2012 2:55:41 AM Ignore speedys Report Abuse To bad for California.
SparkieMi Champion Author Kalamazoo Posts:3,397 Points:615,110 Joined:Sep 2011	Message Posted: Aug 14, 2012 2:01:51 AM Ignore SparkieMi Report Abuse Pump prices still too high!!!!
CheeseMan Champion Author Raleigh Posts:10,740 Points:1,775,000 Joined:Mar 2005	Message Posted: Aug 14, 2012 1:51:17 AM Ignore CheeseMan Report Abuse Glad I don't have to pay California prices!
Z51Corvette Champion Author Austin Posts:8,608 Points:1,697,410 Joined:Jan 2008	Message Posted: Aug 14, 2012 1:51:07 AM Ignore Z51Corvette Report Abuse There is no reason to jack prices... you got a delay... you take the hit! Not the consumer!!!
gasmack Champion Author Ventura Posts:1,752 Points:679,840 Joined:Feb 2011	Message Posted: Aug 14, 2012 1:49:05 AM Ignore gasmack Report Abuse We'll see. Meanwhile prices will continue to rise.
afghaned Champion Author Hamilton Posts:11,983 Points:1,313,385 Joined:May 2004	Message Posted: Aug 14, 2012 1:46:49 AM Ignore afghaned Report Abuse Get hydrogen powered vehicles to market.
cutter1330 Champion Author Oklahoma Posts:8,138 Points:1,719,450 Joined:Jul 2005	Message Posted: Aug 14, 2012 1:45:35 AM Ignore cutter1330 Report Abuse ok
gudrench Champion Author Houston Posts:2,623 Points:529,990 Joined:Mar 2003	Message Posted: Aug 14, 2012 1:43:13 AM Ignore gudrench Report Abuse Uh-oh. Let's blame George W. Bush.
comprof Champion Author Houston Posts:7,009 Points:1,384,450 Joined:Jul 2009	Message Posted: Aug 14, 2012 1:43:08 AM Ignore comprof Report Abuse A lot of west coast refineries seem to be having problems.
furiousfowl Champion Author Riverside Posts:16,975 Points:2,770,735 Joined:May 2005	Message Posted: Aug 14, 2012 1:41:14 AM Ignore furiousfowl Report Abuse Once again, same time, different year. Same ole fire at this refinery and we the consumer gets screwed again!
69Bonne Champion Author Gary Posts:1,256 Points:493,350 Joined:Sep 2005	Message Posted: Aug 14, 2012 1:40:43 AM Ignore 69Bonne Report Abuse Oh great....
Rooster922 Champion Author Wilmington Posts:3,925 Points:682,795 Joined:Jan 2009	Message Posted: Aug 14, 2012 1:34:06 AM Ignore Rooster922 Report Abuse Really?
Gas Thirsty Champion Author Los Angeles Posts:4,937 Points:3,252,920 Joined:Mar 2003	Message Posted: Aug 14, 2012 1:28:40 AM Ignore Gas Thirsty Report Abuse That's real bad news for gas prices.
bruin19MD Champion Author Maryland Posts:1,108 Points:174,890 Joined:Feb 2011	Message Posted: Aug 14, 2012 12:47:20 AM Ignore bruin19MD Report Abuse wow
KE4YBZ All-Star Author Knoxville Posts:580 Points:580,675 Joined:May 2011	Message Posted: Aug 13, 2012 11:38:17 PM Ignore KE4YBZ Report Abuse another reason to raise the price at the pump....
Dodge_Me Champion Author Atlanta Posts:2,214 Points:576,480 Joined:Mar 2006	Message Posted: Aug 13, 2012 11:28:14 PM Ignore Dodge_Me Report Abuse Gee, wonder who started that one, you know it wasn't middle or low income
mfeldstein Champion Author Ottawa Posts:8,301 Points:1,956,230 Joined:Feb 2007	Message Posted: Aug 13, 2012 11:19:31 PM Ignore mfeldstein Report Abuse Governments should build & regulate refinery prices.
chen94539 Sophomore Author Oakland Posts:181 Points:813,540 Joined:Jul 2010	Message Posted: Aug 13, 2012 11:18:25 PM Ignore chen94539 Report Abuse it will impact gas price
arb0526 Champion Author Greensboro Posts:2,112 Points:437,345 Joined:Mar 2011	Message Posted: Aug 13, 2012 11:17:09 PM Ignore arb0526 Report Abuse Perhaps a disgruntled employee that didn't get his raise while the Boss got a bonus and a new Home.
OWENALOTT Champion Author Appleton Posts:2,182 Points:500,095 Joined:Apr 2011	Message Posted: Aug 13, 2012 11:14:41 PM Ignore OWENALOTT Report Abuse yea
cokezero All-Star Author Philadelphia Posts:830 Points:401,510 Joined:May 2009	Message Posted: Aug 13, 2012 11:14:34 PM Ignore cokezero Report Abuse ok
TableTalk Champion Author Virginia Posts:1,187 Points:567,085 Joined:Nov 2008	Message Posted: Aug 13, 2012 11:13:42 PM Ignore TableTalk Report Abuse If CA would back off on their state's onerous regulations, more refineries could be built and drive prices down. NIMBY rules however in CA, the home of fruits and nuts.
cwashi3324 Champion Author Cincinnati Posts:2,858 Points:586,745 Joined:May 2009	Message Posted: Aug 13, 2012 11:13:14 PM Ignore cwashi3324 Report Abuse ok
bpj13 Champion Author North Carolina Posts:3,405 Points:900,950 Joined:Oct 2009	Message Posted: Aug 13, 2012 11:10:33 PM Ignore bpj13 Report Abuse Ok
Rageagainsttm Champion Author Tampa Posts:8,422 Points:1,927,885 Joined:Jul 2007	Message Posted: Aug 13, 2012 11:08:35 PM Ignore Rageagainsttm Report Abuse yea
99 Sophomore Author Wisconsin Posts:100 Points:83,425 Joined:Aug 2012	Message Posted: Aug 13, 2012 11:08:19 PM Ignore 99 Report Abuse Cool
PrinceLH Champion Author Ontario Posts:2,832 Points:565,745 Joined:Jun 2011	Message Posted: Aug 13, 2012 11:08:10 PM Ignore PrinceLH Report Abuse So we know the results. We pay to get it up and running. They keep the insurance dough.
jem069 Champion Author Detroit Posts:2,679 Points:714,780 Joined:Jan 2011	Message Posted: Aug 13, 2012 11:07:37 PM Ignore jem069 Report Abuse Ok