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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
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REPLIES (newest first) Post a Reply
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DanMtz
Champion Author Oakland

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Message Posted: Aug 14, 2012 6:56:23 PM

Not good. There goes any thought of an economic recovery.
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MadTraveler
Champion Author Idaho

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Message Posted: Aug 14, 2012 10:37:12 AM

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.
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Martinman
Champion Author Mississippi

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Message Posted: Aug 14, 2012 7:15:23 AM

Isn't this the same refinery that balked at upgrading the plant?
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csblesson
Champion Author Texas

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Message Posted: Aug 14, 2012 7:14:45 AM

Ok
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gs7101
Champion Author San Antonio

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Message Posted: Aug 14, 2012 6:39:00 AM

That's a long time to be out of order!
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WalRus49
Champion Author Boston

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Message Posted: Aug 14, 2012 6:31:28 AM

More organized mayhem and pillage............
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MImusicman
Champion Author Michigan

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Message Posted: Aug 14, 2012 6:14:05 AM

that's gonna hurt!!!
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speedys
Champion Author Utah

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Message Posted: Aug 14, 2012 2:55:41 AM

To bad for California.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Aug 14, 2012 2:01:51 AM

Pump prices still too high!!!!
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CheeseMan
Champion Author Raleigh

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Message Posted: Aug 14, 2012 1:51:17 AM

Glad I don't have to pay California prices!
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Z51Corvette
Champion Author Austin

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Message Posted: Aug 14, 2012 1:51:07 AM

There is no reason to jack prices... you got a delay... you take the hit! Not the consumer!!!
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gasmack
Champion Author Ventura

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Message Posted: Aug 14, 2012 1:49:05 AM

We'll see. Meanwhile prices will continue to rise.
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afghaned
Champion Author Ottawa

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Message Posted: Aug 14, 2012 1:46:49 AM

Get hydrogen powered vehicles to market.
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cutter1330
Champion Author Oklahoma

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Message Posted: Aug 14, 2012 1:45:35 AM

ok
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gudrench
Champion Author Houston

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Message Posted: Aug 14, 2012 1:43:13 AM

Uh-oh. Let's blame George W. Bush.
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comprof
Champion Author Houston

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Message Posted: Aug 14, 2012 1:43:08 AM

A lot of west coast refineries seem to be having problems.
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furiousfowl
Champion Author Riverside

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Message Posted: Aug 14, 2012 1:41:14 AM

Once again, same time, different year. Same ole fire at this refinery and we the consumer gets screwed again!
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69Bonne
Champion Author Gary

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Message Posted: Aug 14, 2012 1:40:43 AM

Oh great....
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Rooster922
Champion Author Wilmington

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Message Posted: Aug 14, 2012 1:34:06 AM

Really?
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Gas Thirsty
Champion Author Los Angeles

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Message Posted: Aug 14, 2012 1:28:40 AM

That's real bad news for gas prices.
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bruin19MD
Champion Author Maryland

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Message Posted: Aug 14, 2012 12:47:20 AM

wow
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KE4YBZ
All-Star Author Knoxville

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Message Posted: Aug 13, 2012 11:38:17 PM

another reason to raise the price at the pump....
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Dodge_Me
Champion Author Atlanta

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Message Posted: Aug 13, 2012 11:28:14 PM

Gee, wonder who started that one, you know it wasn't middle or low income
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mfeldstein
Champion Author Ottawa

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Message Posted: Aug 13, 2012 11:19:31 PM

Governments should build & regulate refinery prices.
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chen94539
Sophomore Author Oakland

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Message Posted: Aug 13, 2012 11:18:25 PM

it will impact gas price
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arb0526
Champion Author Greensboro

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Message Posted: Aug 13, 2012 11:17:09 PM

Perhaps a disgruntled employee that didn't get his raise while the Boss got a bonus and a new Home.
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OWENALOTT
Champion Author Appleton

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Message Posted: Aug 13, 2012 11:14:41 PM

yea
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cokezero
All-Star Author Philadelphia

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Message Posted: Aug 13, 2012 11:14:34 PM

ok
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TableTalk
Champion Author Virginia

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Message Posted: Aug 13, 2012 11:13:42 PM

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.
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cwashi3324
Champion Author Cincinnati

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Message Posted: Aug 13, 2012 11:13:14 PM

ok
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bpj13
Champion Author North Carolina

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Message Posted: Aug 13, 2012 11:10:33 PM

Ok
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Rageagainsttm
Champion Author Tampa

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Message Posted: Aug 13, 2012 11:08:35 PM

yea
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99
Sophomore Author Wisconsin

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Message Posted: Aug 13, 2012 11:08:19 PM

Cool
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PrinceLH
Champion Author Ontario

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Message Posted: Aug 13, 2012 11:08:10 PM

So we know the results. We pay to get it up and running. They keep the insurance dough.
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jem069
Champion Author Detroit

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Message Posted: Aug 13, 2012 11:07:37 PM

Ok
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