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Valero And Motiva Louisiana Refineries Threatened With Flooding: "Before" And "After" Flood Pics

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Wed, 05/11/2011 - 15:44 | 1264615 Dr. Porkchop
Dr. Porkchop's picture

Gas $1.41 /L in Toronto area.

Wed, 05/11/2011 - 17:06 | 1265084 Never_Put_Down
Never_Put_Down's picture

CDN$1.41 per liter is US$5.34 x 1.04 exchange = CDN$5.55 for a US gallon (CDN$6.28 for a CDN/UK Gallon)

Wed, 05/11/2011 - 15:44 | 1264619 tekhneek
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Wed, 05/11/2011 - 15:43 | 1264633 Ancona
Ancona's picture

I'm guessing this will be bullish for agribusiness stocks.

Wed, 05/11/2011 - 17:55 | 1265373 Dirt Rat
Dirt Rat's picture

Very bullish for corn futures, but then of course the CME might have to make some new rules.

Wed, 05/11/2011 - 15:45 | 1264641 Hedgetard55
Hedgetard55's picture

I own  a small amount of VLO, so I vote "Open 'er up and let it rip".

Wed, 05/11/2011 - 15:45 | 1264642 Gubbmint Cheese
Gubbmint Cheese's picture

Chop - here's an interesting site for keeping tabs on gas prices..



we are $1.319/L here in Victoria

Wed, 05/11/2011 - 16:20 | 1264705 oddjob
oddjob's picture

Is that the same Victoria that pumps their untreated sewage directly into the Strait of Juan de Fuca?

Wed, 05/11/2011 - 17:20 | 1265172 Never_Put_Down
Never_Put_Down's picture

Yes that's the one! The Governemnt are now looking for proposals to address the situation. It's dragged on for decades but the heat they are now taking for not doing something is forcing the issue.

Wed, 05/11/2011 - 15:48 | 1264643 Ray1968
Ray1968's picture

If flooding takes out a refinery... its because a speculator made it rain.

Wed, 05/11/2011 - 23:22 | 1266421 knukles
knukles's picture

Or the rules weren't changed enough in Goldilocks favor to have Them intercede with God on Humanity's behalf.

What the fuck else you get paid for doing God's work?

Wed, 05/11/2011 - 15:46 | 1264647 blunderdog
blunderdog's picture

I just don't see how floods and such can affect crude price. 

We've got BANKS on the job.  They just print some paper or something and set the prices to whatever they want.

Wed, 05/11/2011 - 15:50 | 1264648 cowdiddly
cowdiddly's picture

Yep taking out the competition by flooding out all the river boat gambling houses. Casino mgnt 101

Wed, 05/11/2011 - 15:49 | 1264662 PaperBear
PaperBear's picture

Those nasty speculators.

Wed, 05/11/2011 - 15:50 | 1264666 oklaboy
oklaboy's picture

watcha gonna doo, watcha goonna dooo when Obama comes for youuuuuu

Wed, 05/11/2011 - 15:50 | 1264670 Sofa King
Sofa King's picture

"refining critical capacity"...please.  Now do some responsible reporting and publish a list of all the refineries that are closed due to lack of demand.  I'm sorry, they are open, they are being used to store all the excessive product out there but the refining units are off. 


Wed, 05/11/2011 - 16:01 | 1264686 Iriestx
Iriestx's picture

This is exactly right.  The margins in refining have been for shit, and with India and China flooding the market with refined products there have been a large number of US refineries that have either downscaled (See: HOVENSA) their capacity or shut down all together.

I love ZH, but "refining critical capacity" isn't even close to the truth in the refining industry.

The only thing profitable in the refinining industry are giant tank fields to store crude, and the terminal services.

The rest of the world doesn't have to deal with shit like OSHA and the EPA (See: Reliance Refinery Jamnagar, Gujarat, India).  They're free to build and run enormous refineries with no regard to the workers safety, community health or the environment.



Wed, 05/11/2011 - 17:17 | 1265171 SuperRay
SuperRay's picture

oh, yes, they're my idol. I wish we could have no regard for worker safety, community health, or the environment, too...

Wed, 05/11/2011 - 19:30 | 1265736 Iriestx
Iriestx's picture

It's the difference between making money and losing money when you're refining.

Wed, 05/11/2011 - 15:51 | 1264674 Ruffcut
Ruffcut's picture

Build more shit in flood plains.

"build it, and she will flood". No one heard the voices, though.

Wed, 05/11/2011 - 16:07 | 1264754 Sudden Debt
Sudden Debt's picture

Wanna buy Some prime sub sea level real estate?

Good price for you my friend!

Wed, 05/11/2011 - 16:56 | 1265050 Korrath
Korrath's picture

"It was not impossible to build Rapture at the bottom of the ocean;

It was impossible to build it anywhere else".

- Andrew Ryan

Wed, 05/11/2011 - 18:27 | 1265547 bbq on whitehou...
bbq on whitehouse lawn's picture

Thats right but Rapture didn't have insurance.

Nor was Rapture built without taking the environment in mind.

Don't build or buy land/home on a flood plain and expect your home or land to not flood.

Rivers don't care about your carpet nor should they.


Wed, 05/11/2011 - 18:32 | 1265563 dark pools of soros
dark pools of soros's picture

i need to go finish that game...

Wed, 05/11/2011 - 23:55 | 1266523 StychoKiller
StychoKiller's picture

I wish that whoever is playing SimPlanet™2011 with the Earth would lay off the disasters button for around 10 cycles or so!

Wed, 05/11/2011 - 17:29 | 1265222 Cathartes Aura
Cathartes Aura's picture

Workers at the Grand Gulf Nuclear Plant in Port Gibson, Miss., last Thursday released a large amount of radioactive tritium directly into the Mississippi River, according to the US Nuclear Regulatory Commission (NRC), and experts are currently trying to sort out the situation. An investigation is currently underway to determine why the tritium was even present in standing water found in an abandoned unit of the plant, as well as how much of this dangerous nuclear byproduct ended up getting dumped into the river. Many also want to know why workers released the toxic tritium before conducting proper tests.

Learn more: http://www.naturalnews.com/032303_tritium_nuclear_power_plant.html#ixzz1M57X1mdt
Wed, 05/11/2011 - 19:41 | 1265798 Bob Dobbs
Bob Dobbs's picture

Buzzard off a shitwagon.

Wed, 05/11/2011 - 17:35 | 1265261 chumbawamba
chumbawamba's picture

The biggest loser, however, is all the real estate in proximity to the flooded Mississippi river.

The Lord giveth and the Lord taketh away.  Kinda like an Indian.

I am Chumbawamba.

Wed, 05/11/2011 - 15:55 | 1264694 economessed
economessed's picture

NOAA has been predicting significantly above-average flooding for the entire river system since January, and the accuracy of their predictions has been uncanny since the February report.  http://www.noaanews.noaa.gov/stories2011/20110218_floodoutlook.html

Given this information, I'm blown away when I hear people in the flood plain didn't purchase flood insurance.  They had much more notice than the 30 day lock-out period.  Are they not paying attention, or are they in such bad financial shape that they can't buy the insurance (but can afford to lose everything they own)?

Wed, 05/11/2011 - 16:36 | 1264894 Hephasteus
Hephasteus's picture

Yes they are indeed accurate. Strange isn't it.


It does make some sense though. Look at the michigan one.

If you run haarp over this and liquify the soil to very deep levels it makes the earthquakes more intense. Maybe they respond to resonant frequencies better or maybe they respond to magnetics better. If water can diffuse out electricity then I wonder if it's diffusive to magenetics.

Wed, 05/11/2011 - 17:17 | 1265153 Cathartes Aura
Cathartes Aura's picture

Lorca, Spain getting a "rare" bit of quake attention. . .

The earth quake struck at 6:47 p.m. local time, according to Spain's National Geographical Institute data. The U.S. Geological Survey said the epicenter was one kilometer below the ground. A milder quake of 4.5 magnitude had hit the town shortly before.


Wed, 05/11/2011 - 18:01 | 1265421 Hephasteus
Hephasteus's picture

Ya. They tried to make that a prophecy for rome but they screwed up and hit spain instead.

LULZ. People in the ghost region love fucking with ya.


Ok you want us to allow an earthquake in rome so you can be prophetic sure thing boss.


Wed, 05/11/2011 - 18:36 | 1265565 Cathartes Aura
Cathartes Aura's picture

it's the Loyalty Islands / Fiji / NZ region I'm watching just now, lots of shaking in the 5.0 averages. . .



full moon in scorpio tuesday 17th.

Wed, 05/11/2011 - 22:48 | 1266336 Green Leader
Green Leader's picture

Will that full moon be good for planting plantains?

Some people swear by the full moon for plantain & banana corms planting...

Wed, 05/11/2011 - 15:57 | 1264700 Crabshack
Crabshack's picture

OT:  5.3 Earthquake in Spain.  Not too strong but apparently shallow.

Wed, 05/11/2011 - 16:00 | 1264703 MrBinkeyWhat
MrBinkeyWhat's picture

Louisiana has not been fuKed quite enough yet.

Let's make sure her ass is not bleeding enough.

Wed, 05/11/2011 - 15:57 | 1264704 litoralkey
litoralkey's picture

" It was the highest water level for Memphis since 1937, when the river reached 48.7 feet"

Back in 1937 , the whites left the blacks to die in the aftermath, was an ugly situation in that area at the height of what became a third wave of the Great Depression in the region, as a million people were left homeless after the floods.  Memphis had more refugees than residents for something like two years afterwards.


Wed, 05/11/2011 - 18:04 | 1265438 Mad Cow
Mad Cow's picture

"the whites left the blacks to die in the aftermath"
Why didn't the blacks leave too?

Wed, 05/11/2011 - 19:46 | 1265815 Bob Dobbs
Bob Dobbs's picture

They still lived in conditions approaching slavery.  The flood of '27 is often credited as the beginning of the 'great migration' North.  In 1937 migration was rolling, but during the war it really took off.  The effective phase of the Civil Rights movement started during the 1927 - 37 flood years.

Wed, 05/11/2011 - 21:27 | 1266087 Mad Cow
Mad Cow's picture

"approaching slavery" 'great migration'
Was someone guarding them so they couldn't leave?

Wed, 05/11/2011 - 22:47 | 1266333 chumbawamba
chumbawamba's picture

Are you seriously this dense?  They were all niggers back then.  Their options were somewhat limited.

I am Chumbawamba.

Wed, 05/11/2011 - 23:47 | 1266437 Mad Cow
Mad Cow's picture


Wed, 05/11/2011 - 20:05 | 1265704 Monedas
Monedas's picture

"Mission Unaccomplished !" ? Sama died, Bama lied ! Monedas is doing his part to ease the pressure on the besieged refineries ! His coin store, his ATM and his coin store's bank share the same parking lot ! I even keep $6 in a savings account in my coin store's bank so they don't charge me $5 to cash the coin store's checks ! I'm not so lean.....but I'm a green machine ! Monedas 2011 Ridin' the risin' tide of humour ! PS No ! I don't live in a Chevy Astro van in the same parking lot !

Wed, 05/11/2011 - 16:01 | 1264709 sabra1
sabra1's picture

are the prisoners getting paid at least?

Wed, 05/11/2011 - 16:08 | 1264761 Sudden Debt
Sudden Debt's picture

They get à discount on their rent this month

Wed, 05/11/2011 - 16:27 | 1264869 j0nx
j0nx's picture

Their payment is not getting the guards' boot up their asses. ALL inmates ought to be doing this kind of work instead of pumping iron and their cellie's butthole 24/7. If I was running the prisons then they would be out on the road picking up loose trash, painting government buildings and doing anything else that needed to be done for the common good. I'd slap an unbreakable GPS tracker on their ankle and have 2 or 3 armed guards for a 50 man chain gang cool hand luke style. Prison would be known as a place where you do NOT want to go if I was running shit. I still to this day don't understand why nobody has instituted this kind of penal system. Just the arrested drunken illegal aliens alone would perpetually keep the grounds clean and the buildings maintained for every municipality.

Wed, 05/11/2011 - 17:19 | 1265170 blunderdog
blunderdog's picture

I still to this day don't understand why nobody has instituted this kind of penal system.

There are business interests which see prisoner labor as unfair competition and work to prevent it from happening.

Wed, 05/11/2011 - 17:19 | 1265184 SuperRay
SuperRay's picture

on the other hand, there are business interests that lobby for more prisoners, so they can squeeze a few more bucks out of you and me...

Wed, 05/11/2011 - 17:53 | 1265381 MacGruber
MacGruber's picture

Totally, as if subsidies aren't enough, now the oil companies can get free governement labor.

Wed, 05/11/2011 - 18:06 | 1265435 mynhair
mynhair's picture

Surely you meant union interests.....

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