Page 79 - Refining Capacity News Today

Notable what we call catastrophic incidents, they would have notified the railroad commission already. a lot of people around the country dont know that the railroad commission is a misnomer. we are the energy regulator for the state of texas, and when there is a release or event, were one of the first groups to know, and so far we havent heard anything. so im anticipating -- and im optimistic -- that we havent had anything catastrophic. if minor events start to happen, well be well positioned, ...

Beaumont, port arthur. >> the refining capacity, theres shipping and ports and drainage issues. at some point when you have that much rain, nobody is built for that kind of rain in a couple of days. >> its the duration that. its one thing to shelter in your house with your family if youre not in an evacuation area for maybe two days. then youre with your family in your house for three, four, five days? six days? when is houston going to let the kids go back to school? they canceled school on mon...

Portion of our refining capacity is, we monitor it closely. we export four million barrels of refined products around the world, and that has a big impact on global markets. mike: is there any way of estimating the economic impact on the energy sector at this stage? >> there is. we know already that nearly a million barrels of refining capacity have been taken offline in anticipation of the storm hitting. we also know that many of the producers and what we call the eagleford area which is one of...

Across this country. if you ride in a car, that is the case, through rising gas prices. lets look at the big picture. the gulf in that image produces about 17% of all u.s. crude oil output and nearly half of the countrys refining capacity. thats royal dutch shell, exxonmobil, and anadarko. theyre all scaling back production in the gulf right now. as of this morning 39 production platforms have been evacuated. that translates to more than ooh 5% of all manned platforms in the gulf. those evacuati...

Chain could be impacted by this hurricane. what are you doing to prepare for that? what are the concerns you have expressed about that? >> a number of things inform my thinking here at the white house. one of the things i thoep do is have full faith and trust, and do i in this case of the state and local level. to coordinate and bring together the full resources of the c cabin cabinet. and to make sure americans in harms way are protected. second making sure they dont lose containment and have a...

Issue? >> a number of things and for my thinking here as the white house and the president. the first thing, full faith and trust, and i do in this case, in the responders at the state and local level. and -- to keep this regional event focused on the life-saving efforts and make sure that americans in harms way are protected. second concern is making sure the regional event doesnt become a national or international event. the refining capacity, as i understand it, approximately 50% of the gulf ...

A lot of spec larts have moved in trying to take advantage of this event. so now we have to watch for this weekend. because this is a significant event, obviously. now, were talking about one-third of every barrel of crude oil that is refined in the united states is now in the direct path of harvey. when we factor in the refinery assets along the louisiana coast and the potential tropical storm and flooding issues that persist there, then were talking about 4 out of every 7 barrels of refining c...

Aim here is to build their own weapons industry, they need to do that because theyre trying to modernize the country, the deputy crowned prince who is the defense minister and the kings son has this vision they call here the 2030 vision to shift the country from 40% private sector employment to 65% private sector employment by 2030. so what, what the saudis are getting out of this is delivery on some of that, to help get their arms industry up and running. they want to build car manufacturing pl...

Good news, do not overlook that but there are numbers behind the numbers. the 5.5 percent is misleading. 178,000 workers dropped out of the labor force last month. that is huge. our labor participation rate hasnt been this low since john travolta was dancing to "staying alive." three decades. people do not think they will get a job so they dont try and they drop out completely. >> you talk about john travolta in the 70s reminding me of the strikes. remember the long lines of the gas station in t...

Skyrocketed, long lines of russian. fast forward u.s. oil is soaring. we cut back on imports and even a worry mr. production will soon outstrip our refining capacity. leading the charge to lift the export ban. >> this band threatens record breaking u.s. oil production and american jobs by creating inefficiencies and other descriptiondistortions. >> while production is way up, was to import 30% of the oil we use, so we are a long way from total independence. they argue this is about the oil compa...