Posted September 18, 2017
Much of the energy-related news from hurricane-recovery areas of Texas and Florida continues to be encouraging. Shell said it was restarting its Deer Park refinery in the Houston area that was shut down three weeks ago with the approach of Hurricane Harvey. ExxonMobil said it could start most of the production units at its Beaumont, Texas, refinery later this week. In Florida, Gov. Rick Scott said pre-Hurricane Irma preparations and a concentrated focus on refueling the state’s communities have shown progress.
Posted September 13, 2017
Ahead of the unprecedented 1 trillion gallons of water dumped on the Gulf Coast by Harvey, industry members acted swiftly to safely shut down facilities while supporting employees, including significant acts of humanitarianism and millions of dollars donated to relief organizations. Safe shut downs of refineries and other energy infrastructure were conducted to help ensure safe restarts when employees were able to return to work.
Yet, in the days after Harvey, some media reports have implied that these shut down and restarting processes were improper and outside the scope of state and federal oversight. To the contrary, in the event of a major storm like Harvey, refineries strive to use controlled emissions and flaring to protect workers, with facilities communicating closely with state and federal officials. This is done to help maximize facility and community safety. Indeed, in Harvey’s wake there have been no reports of explosions or other similarly hazardous conditions for workers or communities.
Posted September 8, 2017
1. Industry Does Not Condone Price Gouging
2. Gasoline Stations are largely owned by mom-and-pop retailers
3. Supply and Demand Influences Prices
Posted September 6, 2017
The U.S. Energy Information Administration (EIA) reports on rising gasoline prices in the wake of Hurricane Harvey and notes that the storm’s impact on prices is similar to the big hurricanes of 2005, Katrina and Rita. … EIA’s report underscores a number of points we’ve been making about the oil supply chain, of which the Texas-Louisiana region is part – especially the section of that chain that shows the path of refined products from refineries to retail outlets – and the need for patience as processes come back online.
Posted September 5, 2017
As the waters recede, the energy industry is inspecting and assessing its facilities.The industry’s goal, as always, is to keep the marketplace well-supplied while ensuring the highest level of safety. Here’s some of the latest news as our energy infrastructure gets back online.
Posted September 5, 2017
Before then-Hurricane Harvey first made landfall, we discussed how mega-weather events historically have impacted the regional/national oil supply chain and supply levels in the marketplace. The uncertain path of Hurricane Irma will drive continued conversation about storm effects on refineries and other energy infrastructure and the potential for market impacts around the country. That’s the context for some basics about the fuel marketplace and the processes that bring finished consumer products from refineries to retail outlets.
Posted August 31, 2017
The Gulf Coast area impacted by Hurricane-Tropical Storm Harvey faces a long recovery road, with thousands displaced and so many neighborhoods and workplaces inaccessible due to floodwaters. Humanitarian relief efforts are under way, but there’s much work to be done. While Americans across the country are concerned about the human toll left by Harvey, we’re particularly mindful of thousands of colleagues in the natural gas and oil industry who work and live in affected areas. In that light, it’s a glimmer of good news that a few of the refineries forced to shut down because of the storm are starting the complex process of restarting – six as of Thursday morning, according to the U.S. Energy Department, with a combined capacity of more than 1.2 million barrels per day or about 4.2 percent of total U.S. refining capacity.
Posted August 30, 2017
Industry is focused on keeping the domestic market for fuels and other refined products well supplied. It’s also committed to continued safety when it’s appropriate to restore operations at facilities that have been shut down – working closely with state and federal officials on the scene.
Posted August 29, 2017
As the Houston and Louisiana areas brace for more rain in what is one of the biggest rain events in U.S. history, President Trump and the First Lady visited Corpus Christi to see storm impacts in person. The Gulf Coast is one of the United States’ key energy centers, where a number of natural gas and oil companies operate and where thousands of their employees live, and his visit drew praise and appreciation from Texans gathered at a fire station for his remarks.
Posted July 24, 2017