Watching and waiting
http://www.marketwatch.com/story/us-refiners-gear-up-to-battle-acts-of-nature-2011-05-13
<b>For now, concerns over potential flooding disruptions to major refineries have eased, even though the threat remains.</b>
<b>Refineries that comprise around 13% of total U.S. capacity are near the Mississippi River, </b>and âpresumably at some risk for reduced or suspended operations due to flooding,â said Daniel Morrison, managing director and senior exploration and production analyst at Global Hunter Securities.
Unlike Katrina, which left an indelible mark on the oil and natural-gas industry in 2005, ârestarting these facilities in the wake of the flood, if necessary, should take days, rather than the weeks we saw after Katrina,â he said.
So âresulting supply shortages, if any, and associated high prices for all refined products should be a relatively short-lived event,â Morrison said. Read more about the challenges flooding may pose to refiners.
http://www.marketwatch.com/story/us-refiners-gear-up-to-battle-acts-of-nature-2011-05-13
<b>For now, concerns over potential flooding disruptions to major refineries have eased, even though the threat remains.</b>
<b>Refineries that comprise around 13% of total U.S. capacity are near the Mississippi River, </b>and âpresumably at some risk for reduced or suspended operations due to flooding,â said Daniel Morrison, managing director and senior exploration and production analyst at Global Hunter Securities.
Unlike Katrina, which left an indelible mark on the oil and natural-gas industry in 2005, ârestarting these facilities in the wake of the flood, if necessary, should take days, rather than the weeks we saw after Katrina,â he said.
So âresulting supply shortages, if any, and associated high prices for all refined products should be a relatively short-lived event,â Morrison said. Read more about the challenges flooding may pose to refiners.
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