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  #1  
Old 08-07-2012, 02:35 PM
Pooka
 
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Sunoco Refinery back in business

For all the details just Google 'Saving Sunoco Refinery'. Every time I post a link the first comment is 'That is not a valid source'! Therefore if you are interested in this then force yourself to use the Google thing.

This is a joint venture between the Carlyle Group, the US Government and the United Steel Workers and it all worked out to keep the doors open. The guy picked to run the place is an industry vet that turned around a busted down refinery in Coffeyville, Kansas a few years ago and is considered to be very good at what he does.

A lot of folks were getting the vapors over this place shutting down, so now you can all relax.

By the way.... The US Government coughed up $25 million to keep the place running. The refineries economic impact to the area is about $420 million a year, so this seems like it might be a good use of the money.

I am sure many will want to blame the Unions or the Government or the Boogy Man for this refinery becoming unprofitable, but if you had ever been in the place you would quickly wonder why it was not shut down years ago.

In my opinion the management just ran the place into the ground. If you skimp on maintaining equipment it will eventually just wear out, and from I could see it not only wore out but rusted out as well. I have seen long abandoned refineries that looked like they were in better condition.

The new owners have their work cut out for them. I wish them luck.

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  #2  
Old 08-07-2012, 02:37 PM
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No link?

You talking about the Philly refinery?
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  #3  
Old 08-07-2012, 02:44 PM
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Originally Posted by Dudesky View Post
No link?

You talking about the Philly refinery?
One of the Philly ones (I think it was Sunoco but might have been Conoco Philips) was bought by an airline company with the intent to make its own jet fuel. It was an interesting move...Didn't this happen a while ago though?
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  #4  
Old 08-07-2012, 02:44 PM
Pooka
 
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Yup, no link. I have linked the Wall Street Journal before and been blasted for using a left wing source. Google this, though, and there is a great deal of info from whatever source you trust.

This is the Philly Refinery. I am not sure if Marcus Hook is involved but I don't think it is.
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  #5  
Old 08-07-2012, 02:46 PM
Pooka
 
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The Conoco-Phillips was the one bought by the airline.

I think this took place about one month ago, but I didn't want to post anything about it until it was a truly 'done' deal. I have seen too many of these things fall apart at the last moment.
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  #6  
Old 08-07-2012, 02:47 PM
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- The Washington Post

Sunoco

I have noticed a few new oil wells in NW Pa lately. A long time ago it was said it wasn't worth pumping if oil wasn't high enough.
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  #7  
Old 08-07-2012, 02:51 PM
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Quote:
Originally Posted by Pooka View Post
Yup, no link. I have linked the Wall Street Journal before and been blasted for using a left wing source. Google this, though, and there is a great deal of info from whatever source you trust.

This is the Philly Refinery. I am not sure if Marcus Hook is involved but I don't think it is.
Yeah I think what happened is they closed down the MH refinery but kept the Philly one chugging along waiting for a deal. MH is quickly becoming a ghost town, they lost 5,000 jobs and given the current economy, there aren't too many openings. That one is supposed to be "repurposed" or something but word on the street isn't pretty. I'm in MH about twice a week...


Also here's a link

Deal will keep Sunoco's Philadelphia refinery operating - Philly.com
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  #8  
Old 08-07-2012, 02:53 PM
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Originally Posted by Pooka View Post
The Conoco-Phillips was the one bought by the airline.

I think this took place about one month ago, but I didn't want to post anything about it until it was a truly 'done' deal. I have seen too many of these things fall apart at the last moment.
Gotcha. There are a ton of them down there, I can hardly keep them straight. There's Philly, Chester, Marcus Hook and Wilmington that are all saturated with refineries (and related pollution)
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  #9  
Old 08-07-2012, 03:06 PM
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I have heard that Marcus Hook will still have some petro processing facilities but will also have some of the land cleared for other uses.

This makes sense. Too many pipelines into and out of the site for it to go to waste, but there is currently too much refinery in place for it to turn a profit.

The good part is that something good will replace what is there, but the bad part is that it will take a lot of years before this will come about.
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  #10  
Old 08-07-2012, 03:26 PM
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Quote:
Originally Posted by Pooka View Post
Yup, no link. I have linked the Wall Street Journal before and been blasted for using a left wing source.
Lol! WSJ is owned by Rupert Murdoch! Not exactly known for having a left wing bias.
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  #11  
Old 08-07-2012, 03:36 PM
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It was clear that someone did not like what I had posted and so had tried to belittle the source.
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  #12  
Old 08-07-2012, 03:39 PM
Pooka
 
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Once there was a military base in Texas called Fort Wolters. It was west of Fort Worth.

When it was shut down you would have thought it was the end of the world, but it was turned into an industrial park and only the golf course was saved.

Today it is a big success, but it took years and there were a lot of hard times in the area before any success came along.

I would think that Marcus Hook is going to go through the same thing. There is really no way to make a transition like that painless.
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  #13  
Old 08-07-2012, 04:34 PM
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Quote:
Originally Posted by Pooka View Post
It was clear that someone did not like what I had posted and so had tried to belittle the source.
Ad Hominems are great eh?
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  #14  
Old 08-07-2012, 10:23 PM
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The one bit of important information is not there. What is its through put ? There are small refineries all over the world shutting down. The big (500k b/day+ ) ones can do the job so cheap & efficiently that the old small ones cant compete unless there is some special reason.
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  #15  
Old 08-07-2012, 10:49 PM
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I know the Marcus hook facility did a lot of white oil, Tanning, and cosmetic type stuff. I am not sure what the Philly location did. About 20 years ago there was a steady stream of rail tankers and trucks headed west out of there to St Louis and Chicago.

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