Rita may be 'national disaster': oil CEO

Reuters ^

[sinkspur]

Rita may be 'national disaster overfilling my wallet': oil CEO

You didn't read the article. If Valero's refineries are shut down, the "oil CEO" won't be making a dime.

[proudofthesouth]

The problem is the wussy congressman who refuse to stand up to the enviro wacko's and continue to take the lib money.

[ElisabethInCincy]

MY MOM Is A PARANOID FREAK.. REALLY !!! LOL im not gonna let her hear this no matter what it takes... she will have me storing gas in my garage looooooooool...

[oceanview]

$3 a gallon will be a distant fond memory in a few weeks.

[sinkspur]

Trying to boost profits, I reckon.

How will Valero be boosting profits if over half of its refineries are shut down?

[oceanview]

whatever refined products they have in storage, will instantly be worth far more. they will ramp up the price on whatever they have "in the tank", that's already been paid for and refined.

they will do just fine.

[Adder]

Thats right...just accept it.

These refiners love you...

More of the same rip we saw a few weeks ago.
And the prices never have come down as much as they went up.

[Labyrinthos]

Fill up today and maybe thing will smooth out as quickly as they did with Katrina.

Crude neared the $70.00 per gallon mark and went up about $.90 a gallon within two days after Katrina struck the gulf cost. By last Friday, refining capacity was back on track and crude prices had dropped to pre-Katrina prices, yet the price at the pump in my area had hardly moved. More of a smoothing up than a smoothing out.

[RoseofTexas]

Here you go.....

[Adder]

Why not just build some in the desert?

Then we could really tell the wackos to pound sand.

[hgro]

One more reason to drill in Alaska. The enviros have been leading this country into a national disaster and building refineries in Illinois and Iowa.

[hgro]

One more reason to drill in Alaska. The enviros have been leading this country into a national disaster and building refineries in Illinois and Iowa.

[msnimje]

But is Bush and Rove are in charge of the Weather machine, how can it be NATURAL??

[Rennes Templar]

It took awhile, but thanks, we needed him.

[SF Republican]

Dude, its okay, California has a bunch of platforms with wells already dug, ready to pump oil off of the Santa Barbara coast if the country is in dire straits. I am sure Mrs's Boxer and Pelosi would twist arms so they could get them pumping for the good of the country. Now, where did I put those mushrooms?

[Trust but Verify]

This sounds like a lot of CYA. There was a graphic posted that showed the track of Rita well to the south of most of the offshore oil rigs, etc. The loss of refining capacity, not the longer-term loss of production is where the biggest threat is. Somehow, and maybe this is just wishful thinking, I don't think it's going to be that bad.

It looks to me like the oil people have learned a thing or two about overheated rhetoric from the 'stuck on stupid' press mob.

[sinkspur]

whatever refined products they have in storage, will instantly be worth far more. they will ramp up the price on whatever they have "in the tank", that's already been paid for and refined.

they will do just fine.

Supply will be cut for weeks. If the refineries are under water, there won't be any access to "storage."

Some of you people sound like Democrats, screaming and yelling at "big oil." O'Reilly notwithstanding, the oil companies are not trying to screw the consumer.

I never heard a peep out of anybody when oil was $15 a barrel ten years ago and gas was $.87 a gallon.

[Hemingway's Ghost]

More of a smoothing up than a smoothing out.

Funny how that always seems to happen with gasoline prices . . .

[Petronski]

Yeah, like that crap Valero sells is actually gasoline. Riiiiiight.

[verity]

You are a rational person.