Sunoco shuts Pennsylvania crude unit for 7-14 days

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Thursday January 20, 2:21 pm Eastern Time Sunoco shuts Pennsylvania crude unit for 7-14 days NEW YORK, Jan 20 (Reuters) - U.S. independent oil refiner Sunoco Inc. (NYSE:SUN - news) said on Thursday it unexpectedly idled a 85,000 barrels-per-day (bpd) crude unit at its Marcus Hook refinery in Pennsylvania for up to two weeks. The seven- to 14-day unplanned shutdown was a result of a problem in the crude heater, the company said in a statement. ``The company is buying product in the market and expects to meet the needs of its customers,'' it said. The remainder of the 505,000 bpd in the Sunoco Northeast refining system was operating at rated capacity. Philadelphia-based Sunoco is one of the largest independent petroleum refiner-marketers in the United States, with approximately 730,000 bpd of crude oil processing capacity.

Link to story: http://biz.yahoo.com/rf/000120/bbe.html

-- Carl Jenkins (Somewherepress@aol.com), January 21, 2000

Answers

Is "The company is buying product in the market and expects to meet the needs of its customers" another example of buying at retail to resell at wholesale?

-- Ron Schwarz (rs@clubvb.com.delete.this), January 21, 2000.

It's Time to nationalize the Oil Industry,at least until we get these incompetent,greedridden Riff Raff from holding the American Public hostage once again,then blaming the "bad"Arabs,like in the seventies,when the Oil Companies were convicted in a Miami Court of contriving the last "Shortage".I remember,each Company was fined ONE Dollar.All raise Your right Hand,now say after me"Tobacco is not addictive".

-- H-- (H==@limburger.corn), January 21, 2000.

--H, privitazation is FAR WORSE. FAR FAR WORSE.

Fed Ex verses US Post Office? enough said.

-- Hokie (Hokie_@hotmail.com), January 21, 2000.


Hokie, "--H, privitazation [sic] is FAR WORSE. FAR FAR WORSE." I think you meant 'nationalization' (the opposite of privatization).

-- Paranoia Will (Destroy_Y@BlackCopters.com), January 21, 2000.

Just FYI: tonight en route home from work I stopped at the Sunoco station where I've gotten my gas for nearly five years and had a "first." Everyone at the pumps was surprised to learn that their pumps were empty, except for the highest-priced #94 gasoline. I went to a competitor. This is in No Virginia.

-- Elaine Seavey (Gods1sheep@aol.com), January 21, 2000.


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