If a hurricane starts barreling down on one of our refiners, we have procedures in place, ... and if it looks like we will have a big power failure, we will shut down the refineries.
Gene Edwards
108 quotes about refineries follow in order of popularity. Be sure to bookmark and share your favorites!
It's going to be tough to build products with the number of refineries off line.
David Pursell
We will see a good rally in the Canadian dollar if it is extremely bad and refineries get hit, because Canada is a major producer of oil.
Brian Taylor
The effect of the release on gasoline prices is limited. Refineries are producing at full capacity and more crude will not lead to more gasoline.
Af Alhajji
Wholesale prices dropped significantly last week. Unless some issues happen with refineries in California, we expect prices to go down.
Jeff Spring
If it hits the refineries, and we're short refining capacity, you're going to see gasoline prices well over $3 a gallon at the pump.
Bill Greehey
We see attacks on a regular basis. Since the end of major military operations in April of 2003, there have been close to 250 attacks against oil pipelines, refineries and oil facilities and that has been pretty significant in reducing... up to a million barrels a day of potential production.
Gal Luft
With some of the refineries now shut down in the Houston area and their workers evacuated, we are pulling from operations east of the area.
Steve Baker
Currently, we are fine with respect to distillates and natural gas. But the extent of damage to production facilities in the Gulf and to refineries will determine how things unfold over the next few months.
Sheraz Mian
The refineries are making the money. Most refineries also are in the crude business, so they make money on both sides.
Bryant Gimlin
Currently, there's about four major refineries that supply this area that are still down.
Richard Cobb
Also refinery utilization was lower, which was also unexpected. It means that refineries are not using as much crude, so as a consequence of that we got a larger-then-expected crude build.
Marshall Steeves
If you have a couple of (refineries) that get shut down, it would be a cause for concern. But the oil companies are spending quite a bit on maintenance.
Charles Rotblut
Overall it was a pretty bearish report, ... It looks like the refineries are starting to come back.
Brian Hicks
We're going to move lower from here. It's not going to take months and months to get all these refineries back.
Mark Waggoner
The disruption in general seems to have reminded the refineries of their vulnerability and the power of Mother Nature. Gasoline production is destined to be affected, and at the end of the day, the production impact for natural gas and oil will be significant.
Kevin Kerr
They don't know how many (drilling) platforms are down, how many refineries are down, how long it'll take to get the power back on.
Michael Burdette
The current lack of oil refinery capacity is largely the result of a conscious decision by the oil industry in the 1990s to limit supply to increase profitability. In the 1990s, approximately 50 refineries were closed, and since 1995, over 20 refineries have been shut down.
Dave Hamilton
This is a ridiculous move by the City Council. The price of gasoline depends on supply and demand, not an edict from City Council. What we need is more gasoline from the refineries, not more hot air from the politicians.
James Hamilton
Everybody's expecting the inventories to be down. The refineries aren't producing as much while they have units out getting ready for summer.
Mike Sander
Oil futures are looking forward to a much colder-than-expected winter as forecast by many meteorologists. The fact that we have had so many refineries shut down means we are going into this winter on perhaps not enough heating oil.
Gordon Kwan
They have every incentive to take care of people and make sure their refineries come back on line. Otherwise, they are creating greater risks.
David Dismukes
The review was needed anyway as there are four refineries still shut. But on the other hand, the market has reacted well to Katrina, with flexibility.
Claude Mandil
We believe that the impact of these hurricanes on pump prices will soon be behind us. As more refineries come back online, pump prices should continue to fall and that is good for both refined product demand and the economy.
Bill Greehey
The market's mesmerized by what appear to be low demand numbers. Product supplied is not the same as demand, since it measures what is leaving refineries, not what's being consumed.
Adam Sieminski
Most refineries are being planned or built quite far from consuming regions. The eight ships we have now give us a good foundation to expand further.
Billy Chiu
The crude situation is less serious and more manageable than that of refineries. It all depends on how water affected refineries in the area.
Tor Kartevold
There have been some improvements since the first days after the hurricane. Some of the refineries that were down are up and running, but four are not.
Ron Planting
Even if the refineries are OK, they could be starved of their imports.
Jamal Qureshi
After Katrina, there were a bunch of refineries which didn't sustain structural damage but couldn't turn the power back on.
Sarah Emerson
The market needs at least a minimum of three 350,000-barrel-per-day refineries to comfortably meet and keep up with the pace of demand here in the U.S.,
John Person
Our big worry now is whether refineries can get enough crude oil supply, and can refine enough, to keep the pipelines operating at 100 percent capacity the next few weeks.
Tom Crosby
Refineries are going to be slow to recover. I'm not too excited about the downside for prices. We still have disruptions. We won't get a real picture of the market today because people are away in the U.S.
Kevin Blemkin
In one month if refineries, processing plants, pipelines and other onshore infrastructure are in operation to receive, prepare and transport it to the consumer.
Rebecca Watson
Then (Hurricane) Katrina happened last fall, and most contractors were wanted in the Gulf Coast to repair the refineries there. We'd hoped to do a lot of the work by October 2005. But that got delayed.
Nancy Thonen
When refineries are shut down naturally, the amount of fuel you deliver to the market would be lower. That doesn't speak to whether or not the U.S. motorist is burning less fuel.
Ben Brockwell
It allowed us to buy all these refineries at deep discounts and make all this money.
Bill Greehey
Some of these refineries will not be back to full operation, perhaps well into next year.
Paul Horsnell
Despite this damage, about 90 percent of Gulf oil production could return to the market in one month, if refineries, processing plants, pipelines and other onshore infrastructure are in operation to receive, prepare and transport it to the consumer.
Rebecca Watson
If it turns out refineries have major damages, then prices are going to go up a lot more than this.
Jim Sweeney
Even before the hurricane there was no slack in the refining system, ... Now it's at breaking point. Those refineries will take months to come back online.
Paul Horsnell
I haven't heard of any major refinery issues. The refineries have been continually producing.
Jeannie Chavez
We're probably talking about retail getting above $3 a gallon. The real issue is just getting those refineries back online. If we see them come back up relatively quickly, it will trim the market back down . . . possibly before the retail prices catch up.
Michael Burdette
Those refineries provide about 25 percent of U.S. needs.
Steve Simmons
There are 26 refineries in the Texas-Gulf Coast area that are potentially in the path of this hurricane.
Richard Cobb
The initial euphoria that the world didn't end was followed by the hard reality that ... these refineries are going to be down for a while.
Chris Mennis
There's a risk that we could have a substantial impact on further refineries. We clearly cannot afford any further disruptions in gasoline production and capacity.
Guy Caruso
This is very exciting. We are in the homestretch. Only three weeks to go before we commission the new equipment and start the refineries at full capacity.
Nancy Thonen
It is unclear when refining capacity will be restored, but it is estimated these refineries will be up in two weeks or so.
Alan Wright
There are incentives for the construction of refineries in the energy bill that he just signed, and it would make sense to talk about that. There is a real opportunity to help educate people about the nature of this problem.
Charlie Black
After last year's hurricanes many of the refineries deferred their maintenance work.
Tobias Merath
Once the refineries start making the product you have to transport it. We have to watch the pipelines to the Midwest and the Northeast. The Northeast is less of an issue because we can get cargoes from Europe. Florida has a big problem because 60 to 70 percent of their gasoline is barged across the Gulf.
Mark Routt
By first snow we expect extremely low stocks of heating oil and natural gas, with major pressure on refineries that need to (have maintenance). The fact is, some demand destruction is needed to balance this market.
Deutsche Bank
It means that anything that upsets refineries, whether it's a hurricane or a refinery accident, causes shortages of gasoline.
Peter Clark
There's less crude being run now through refineries than there is loss in production in the Gulf. We're estimating refinery runs are down about 2 million barrels a day while crude out of the Gulf is down a million and a half.
Chris Mennis
The real problem from a consumer perspective is a shortage of refined product, and it is unclear to me how they are going to get crude from storage facilities on the Gulf Coast to refineries on the Gulf Coast.
James Lucier
I'm reading where the Colonial Pipeline, which brings product from that area up to North Carolina and up the coast, it's shut down because of loss of product, ... That means some of these terminals where we pick up could possibly be out. Major and independent refineries have passed on anywhere from 10-cent to 30-cent increases in the last 36 hours.
Bill Rogers
A supply disruption could trigger a release, but it is too early to say. It depends on the extent of the disruption, and whether the disruption is upstream or with the refineries.
Claude Mandil
What's happened can be explained by the higher cost of crude oil, the difficulties in building new refineries and the disaster that cut right through the heart of the industry.
Bob Slaughter
It's really showing that we're burning this oil here in America at a very rapid pace. Refineries are churning out gasoline as quickly as Americans are using it.
Jordan Horoschak
Obviously, the United States we don't need another hurricane, ... It certainly could have an impact on the production and the refineries that are up and running today and it certainly would have an impact on the recovery.
James Mulva
Gasoline will stay expensive. As long as our refineries here (in California) continue to run well, we don't expect it to get a lot more expensive, but somewhere around $3 is where it's going to hang around, unfortunately ... for the next month.
David Hackett
The main market driver, as we head into winter heating season in the Northern Hemisphere, will be the massive outage of refining capacity in the U.S. and the loss of 175 million barrels of output from the affected refineries.
Michael Wittner
We're going to see refineries further ramp up gasoline production as they come back on line. Concerns about gasoline will fade as this results in increased stocks.
James Ritterbusch
We've been doing surveillance of the refineries. So far what we see is minimal damage and we hope that holds, but we'll continue monitoring that to make sure that we can get those refineries back on line as quickly as possible.
David Paulison
The energy infrastructure in that region is built with hurricanes in mind. If flooding isn't repeated here, refineries could open quite quickly once power is restored.
John Waterlow
The oil from the platforms might be at 95 percent of pre- storm levels within 30 days or so. That doesn't mean it's going to go anywhere. There are terminals they cannot get to. There are refineries that are not ready to take the product.
Johnnie Burton
Prices have fallen 25 percent since their record highs in September. After the New Year, motorists can expect prices to begin rising as refineries cut back production to conduct their annual maintenance and begin the process of producing the summer blend of gas, which must be completed by the end of February.
Carol Thorp
This is just a marvelous business opportunity. We need a Northeast facility, close to refineries here.
Jack Young
The track has been moving to the east, away from the really big refineries in the Houston area. The storm is still serious.
Kyle Cooper
What's happening today is not going to help us, because the refineries have had to shut down and the offshore wells have had to shut down.
Johnny Isakson
A lot of these refineries are making a nice dollar right now because the capacity is restricted and a lot of them don't want to invest in new facilities. If there was a financial incentive, they might.
Mike Doyle
The path of Rita really spared most of the damage to refineries that was the concern. There's still a lot of pressure on the market, particularly due to tight capacity.
Gerard Burg
We have spent many hours on a complicated transaction, which oil refineries tend to be.
Richard Gusella
As refineries get full, they have no place to store it. They won't even buy anymore, and so we may see a price tumble as a result of that.
Mike Right
They want to say to some degree that it's seasonal because refineries are changing to their summer fuel blends. It doesn't seasonal and it doesn't seem reasonable.
Ragina Averella
The concern is that we could be short of heating oil. To prevent that, U.S. refineries need to get back on its feet quickly.
John Vautrain
Gas comes from Salt Lake refineries in North Salt Lake. Most oil companies have their own trucks to transport it.
Larry Richardson
There isn't a lack of crude in the market. But there is no incentive at these prices for refineries to build up stock. Refineries in the U.S. are operating at 97 percent and the situation is repeated in Europe.
Richard Savage
The idea that these high prices will hurt demand and cool the economy is finally getting currency, ... The gasoline season is over and the refineries will be back by the time we need to build supplies for next summer.
Mike Fitzpatrick
The biggest thing that seems to be out right now is the refinery capacity down there (the Gulf Coast), and they are also having problems getting oil from the Gulf Coast to some of the Midwest refineries.
Greg Stringham
I think it's great that we can do a small part to aid the people and aid the effort to rebuild down there, especially if it can get the refineries back on to lower the gas prices in the U.S. and especially Maine with winter coming on.
Larry Wade
If it's going to take a long time for the refineries to come online, the pricing is going to be higher because we have to buy more from the Europeans.
Jeff Morris
In the big picture, we certainly have recovered as far as refineries being repaired and coming back online.
Michael Geeser
Today focus will be on the US inventory data, with gasoline stocks expected to have fallen by 1.9 million barrels in the week to August 5 as refineries struggle to avoid breakdowns and meet demand.
Sam Tilley
Refineries in Texas did not take a direct hit from Rita, but the energy grids in that area were effected, and power has not been restored to those refineries.
Alan Wright
As an industry, maybe we can approach the governor to force CARB to back off and wait for the National Clean Diesel Standards to go into effect, and we can use diesel from more sources (refineries) until then.
Kaylee Brown
I think that was one of the major reasons we saw the major oil companies prices down where they were because of the amount of money they're making in the refineries.
Michael Newman
There's a fair amount of visibility that the refineries that haven't come back on yet will be down for a while. That makes the market nervous.
David Pursell
Bombings on some of the gas pipelines have affected operations in one of our oilfields leading to disruption of crude oil supply. We are now transporting oil to the refineries using tankers.
Nripen Bharali
Much will depend on how quickly these U.S. refineries get back on their feet.
Colin Tang
There is a lot of refinery capacity around Houston. If (Hurricane Rita) goes further south then it could hit refineries around Corpus Christi.
Mike Wittner
One of the reasons is, refineries are currently doing what they call their annual maintenance. And so, production is a lot less.
Yvette Lopez
The Houston area is ground zero of the refining industry. If it suffers the scope of damage caused to refineries in Louisiana by Katrina, we could see rationing and queues at the gas pump.
Rick Mueller
We still have a refining issue. Refineries in other parts of the country have been able to increase output but they will have to go down later this year for maintenance. Refinery output will then fall below normal.
Joseph Allman
We're going to smaller refineries ... and we've limited purchases to eight gallons, or 16 gallons. Anything to keep our stations wet.
Pete Sodini
But this particular incident is probably going to raise questions that maybe some product stocks would be in order. I'm not sure that anyone anticipated the kind of devastation we've seen in those refineries.
William Ramsay
This kind of thing it just gives us a bad name, frightens people from investing — it may make one of the refineries shut down and leave Hawaii, ... It reduces competition and does all harm but doesn't gain us anything.
Fereidun Fesharaki
People were thinking that, if the oil refineries take a direct hit, energy prices would shoot up and it would have a bigger impact on the economy.
George Goncalves
With today's technology, a new refinery could be really clean - far cleaner than today's refineries - in theory.
Eric Schaeffer
That in-between step of where are the refineries and what is the capacity, that is the question that needs to be answered. You can't just automatically flip the switch and turn it on.
Eric Degesero
Some of those refineries in Texas, they're at sea level. It's a table top, it floods every easily.
Ed Silliere
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