Page 77 - Refining Capacity News Today

Appropriate tool and their nuclear capability. >> why do you say that? why would military punishment, which you argue wisely can be inflicted upon iran, while we may not be able to get to their nuclear plants all that effectively, we can certainly take out a lot of their refining capacity, their military capacity, why wouldnt that be a deterrent in your opinion, why would it not be effective? >> its hard to imagine us achieving our objective by doing so. in the 80s, the u.s. navy went after the ...

Takes a lot of time and to do it safely of course it takes a lot of a lot of measures to ensure that things are going wrong. critics say it wont be up and running until twenty twenty two well theyre always nice is and dont forget this is not the only refinery project that is currently. two if you pardon the pun in the pipeline at the moment so that is another finery project. probably not the same size but yeah we are you know determined to expand our refining capacity and this time around were d...

Coming in today a lot sounds like it hinges on this refinery which could be the biggest of its kind of the world when will it get built and will it get built its already being built and its well on its way to be commissioned. by twenty twenty next yeah of course you can never rule out in such huge complex projects you can never tell you rule out delays but you know six hundred fifty thousand barrels a day refinery nigeria currently has its not like its not that nigeria doesnt have any refining c...

Affecting about 15% of u.s. refining capacity between louisiana, alabama and mississippi. im told we have that sound, that interview now with the resident taking precautions. listen to what he had to say. >> everything on the bottom floor has gone up three feet. if it goes higher than that, were in trouble. >> so the national hurricane center center expects nate to intensify into a tropical storm. then make landfall in the u.s. sometime saturday night into the early morning hours on sunday. unfo...

Are not something that are going to have a net positive impact on the u.s. economy. >> jon: but about the refinery capacity in the wake of harvey in particular? gas prices spike after that. >> its going to take a while for the all those refineries to get back up to full speed, this is one of the great concerns we had right after 9/11. when you looked at 30% of all u.s. refining capacity is in houston, we were worried about what would happen if that refining capacity was taken out. now we can beg...

Linked. with harvey we had a significant amount of the nations refining capacity offline as well as distribution through some of the pipelines through the southeast. as a result, there may be some fuel supply shortages throughout the southeast. thats why last week the secretary issued the jones act waiver to allow easier distribution of fuel throughout some of those ports throughout. so, i do ask everyone to have patience. were getting on this quickly and well be here to answer questions. >> all...

The challenges for leadership in the aftermath of something like this? you have the benefit of perspective which is a blessing and a curse, because you had to live through horrible situations to get it. what are those challenges? >> there are so many things that you dont think about. for example, are all the generators in place for maintaining the water systems of every municipality thats going to be hit by this? can we get chlorine to make sure the water supply is safe when theres no power? how...

Ending the day lower, tensions on the korean peninsula remaining in focus after those reports that north korea is transporting what could be an intercontinental ballistic missile. european stocks are barely moving, though, and u.s. markets are pointing to a slightly lower open today after being closed yesterday for labor day. we will see that first reaction to whats going on in north korea. gas prices still rising more than a week after hurricane harvey knocked the gulf coast oil refining indu...

Lets bring in michael weber, director at ut austin. do the energy in houston have a contingency plan to deal with this kind of storm and this kind of flooding or is this worst than anything they imagined? >> well, yes and no, this kind of storm is not new, we get a lot of storms like this in the gulf of mexico, certainly industry is prepared but the storm was different. it didnt bring the same kind of wind damage, it brought the flooding and its a different kind of risk and different kind of con...

Will check back with you later in the show, of course. if youre hitting the road for the long weekend, we sure hope you filled up yesterday, gas prices jumping 2.8% overnight going to 2.59 a gallon. lines forming where prices are up 12% from a week ago, hurricane harvey knocked almost 17% of u.s. refining capacity offline causing fuel shortages among other concerns, colonial pipeline runs from houston to new jersey and also partially shutdown earlier this week. very complicated situation, someth...