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…
The only threat the world has come up with to keep Iran from moving ahead with the nuclear arms effort is economic punishment. Usually this comes in one format, cut off their gasoline supplies. Iran, rich in oil, imports most of their gasoline. Too busy building bombs and waging war to build refineries. Remember the Read the full article…