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I mean, maybe we should just sell all of our refineries on the Gulf Coast and build three in India. Sounds like a win-win for everybody here.
How tight is the US refining system right now? Tight enough that one outage moved diesel 30 cents a gallon nationally.
ExxonMobil's Joliet refinery has been down for almost a week after river levels breached containment and flooded part of the plant. At 275,000 b/d it is a meaningful mid-continent refinery, but not one you would expect to move the national picture on its own. Its shutdown pulled US refinery utilization down a full point, from 97.6% to 96.6%.
The day Joliet went down was the day diesel prices rose roughly 30 cents a gallon, and not only in the Midwest. When utilization is running in the high 90s there is no slack left to absorb a single event, and regional outages stop being regional.
KL restarted the 3 Bs after some recent hurricanes and kept them running during freeze events so Joliet should be easy. Without their remote monitoring none of those refineries would have restarted.
AEST is the new fancy term for moving engineering jobs to India or KL
@bf not really sure what that is. Something about moving engineering positions?
@am A typo. AEST.
@a1 what is AESF?
Maybe we’re waiting on BTC to fix that flooded pump? Have they moved all of their maintenance planners to India yet, or is that waiting on the full AESF rollout?