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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (97493)	4/23/2001 11:00:55 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

Oops, looks like gasoline just got even MORE expensive I linked a column yesterday quoting the Deputy Secretary of the Dept of Energy yesterday who said that we were oneunexpected refinery outage away from 3 clownbuck/gallon gasoline. Yikes, looks like its here... quote.bloomberg.com 04/23 22:40 Tosco Refinery in Carson, California Catches Fire (Correct) By William Selway Tosco Refinery in Carson, California Catches Fire (Correct) (Corrects refinery capacity in third paragraph.) Carson, California, April 23 (Bloomberg) -- A Tosco Corp. oil refinery in Carson, California caught fire at about 4:51 p.m. following an explosion at the facility, a spokeswoman for the Carson Police Department said. There are no known injuries as a result of the fire, said Sergeant Kathy King. The cause of the fire isn't known, she said. Firefighters and police are responding to the incident. Tosco is the third-largest U.S. oil refiner. The Old Greenwich, Connecticut-based company's refineries in New Jersey, Pennsylvania, Illinois, Louisiana, Washington and California can process 1.35 million barrels of oil a day. Got bicycles?. EDIT: Ah yes, here's what the DOE had to say about refinery capacity and gasoline prices (note this statement was made well before the California refinery explosion and fire): dailynews.yahoo.com Gasoline prices could climb even higher if there are disruptions in fuel supplies, a top U.S. energy official warned on Monday. ``If anything unforeseen should happen -- a refinery go down unexpectedly, a pipeline taken out of service -- we would see gasoline prices skyrocket,'' said Robert Kripowicz, acting assistant secretary for fossil energy at the Energy Department. Speaking at a meeting of petroleum geologists, Kripowicz said U.S. gasoline supplies remain tight relative to consumer demand. ''We are on the razor's edge of gasoline supply and demand,'' he said. The most recent data from the Energy Department shows U.S. gasoline inventories at 193 million barrels, down 13 million barrels from a year ago and way below historical levels for this time of year. Kripowicz said higher gasoline prices, along with other rising energy costs, are helping to slow the U.S. economy. ``The last three recessions in this country have all been tied in some way to rising energy prices, and there is evidence that today's energy problems are contributing to the economic slowdown,'' he said. Nice call... that guy oughtta rent his crystal ball out!