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Restarting Texas' Damaged Oil Refineries Is Going to Take Weeks

Restarting Texas’ Damaged Oil Refineries Is Going to Take Weeks
Bloomberg
2/19/2021
© Bloomberg
People push a vehicle along a snow covered road in Oklahoma City.
(Bloomberg) Four of the largest refineries in Texas are discovering widespread damage from the deep freeze that crippled the state and expect to be down for weeks of repairs, raising the potential for prolonged fuel shortages that could spread across the country.
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Exxon Mobil Corp.’s Baytown and Beaumont plants, Marathon Petroleum Corp.’s Galveston Bay refinery and Total SE’s Port Arthur facility all face at least several weeks to resume normal operations, people familiar with the situation said. Gasoline prices at the pump could reach $3 a gallon in May as long outages crimp supply ahead of the driving season, said Patrick DeHaan, head of petroleum analysis for retailer tracker GasBuddy. ....

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Texas Bans Gas Exports, 1.6 Million Get Power: Energy Update

Texas Airlifts Water With Ice Covering Roads: Energy Update
Bloomberg
2/20/2021
Joe Carroll, David Wethe and Josh Saul
© Bloomberg
A snow covered road near the Texas State Capitol Building in Austin, Texas, U.S., on Wednesday, Feb. 17, 2021.
(Bloomberg) The Texas power grid has returned to normal operations as a historic cold blast eases, but the impact of the deep freeze is still leaving towns without water, homes yet to be reconnected to electricity supplies and highways chocked with ice and snow.
Texas emergency officials are airlifting pallets of bottled water to cities and towns where water supplies were knocked out or disrupted by this week’s widespread power failures. About 1,000 of the state’s 7,000 local water utilities were offline or unable to ensure supplies were fit for human consumption as of Friday afternoon. More than 140,000 homes and businesses were still in the dark. ....

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Texas Bans Gas Exports, Cheniere Cuts Consumption: Energy Update

Texas Airlifts Water With Ice Covering Roads: Energy Update
Bloomberg
2/20/2021
Joe Carroll, David Wethe and Josh Saul
© Bloomberg
A snow covered road near the Texas State Capitol Building in Austin, Texas, U.S., on Wednesday, Feb. 17, 2021.
(Bloomberg) The Texas power grid has returned to normal operations as a historic cold blast eases, but the impact of the deep freeze is still leaving towns without water, homes yet to be reconnected to electricity supplies and highways chocked with ice and snow.
Texas emergency officials are airlifting pallets of bottled water to cities and towns where water supplies were knocked out or disrupted by this week’s widespread power failures. About 1,000 of the state’s 7,000 local water utilities were offline or unable to ensure supplies were fit for human consumption as of Friday afternoon. More than 140,000 homes and businesses were still in the dark. ....

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Texas Credits Solar With Fast Power Restoration: Energy Update

Texas Airlifts Water With Ice Covering Roads: Energy Update
Bloomberg
2/20/2021
Joe Carroll, David Wethe and Josh Saul
© Bloomberg
A snow covered road near the Texas State Capitol Building in Austin, Texas, U.S., on Wednesday, Feb. 17, 2021.
(Bloomberg) The Texas power grid has returned to normal operations as a historic cold blast eases, but the impact of the deep freeze is still leaving towns without water, homes yet to be reconnected to electricity supplies and highways chocked with ice and snow.
Texas emergency officials are airlifting pallets of bottled water to cities and towns where water supplies were knocked out or disrupted by this week’s widespread power failures. About 1,000 of the state’s 7,000 local water utilities were offline or unable to ensure supplies were fit for human consumption as of Friday afternoon. More than 140,000 homes and businesses were still in the dark. ....

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Texas Frozen Chaos Becomes Global Oil Market Nightmare With 40% Of US Crude Production Offline

Texas Frozen Chaos Becomes Global Oil Market Nightmare With 40% Of US Crude Production Offline
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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