February/07/2012 16:53PM
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Swiss refiner Petroplus Holding recently filed for bankruptcy. This would make 1.5 million barrels of capacity on both sides of the Atlantic to close. Experts say there is four million barrels of excess capacity at the end of 2011. That is predicted to be 10 million by 2016. What does that mean to you and Read the full article…

November/28/2009 17:59PM
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In my October 7,2009 entry I wrote about Sunoco cosing their Eagle Point refinery in Westville, NJ. Today, in an obscure article in the Wall Street Journal, Valero announced they will close their 210,000 barrel-a-day Delaware City, Delaware refinery since it is costing a million a day to run. This will put 550 high paid Read the full article…