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Valero shuts refinery, largest closure yet in '09

GasBuddy Blog -- In a sign of how weak the economy is and how weak demand continues to erode refiner margins, Valero today announced it's closing its 210,000bpd plant in Delaware City, DE.

This is now the second U.S. refinery to shut its doors in November- the Western Refinery facility in New Mexico also intends to shut its 190,000bpd plant in Bloomfield.

While the news can temporarily help push oil and gasoline prices lower on "verification" that demand is low, and margins are negative, the long term outlook is that these plants will be well-needed if and when the U.S. economy makes a strong recovery. A key ingredient to positive growth after a recession has been affordable energy. If demand ever recovers, there will be less...

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Submitted Nov 20, 2009 By: PD

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FordF2502001 Champion Author Mississippi Posts:5,673 Points:1,153,745 Joined:Sep 2008	Message Posted: Jun 1, 2010 4:00:35 PM Ignore FordF2502001 Report Abuse Very old article. Delete please.
badtazz Sophomore Author Washington Posts:222 Points:81,445 Joined:Jan 2010	Message Posted: Feb 9, 2010 2:58:54 AM Ignore badtazz Report Abuse Just another day in the good old USA
OHMS Champion Author Orange County Posts:10,791 Points:1,249,445 Joined:May 2005	Message Posted: Feb 8, 2010 2:41:25 PM Ignore OHMS Report Abuse how could you tell you've seen it before? did the largest closure YET in 209 help stir your memory? Why is it still up here?
PathfinderSC Champion Author South Carolina Posts:7,160 Points:1,364,905 Joined:Mar 2008	Message Posted: Feb 5, 2010 10:30:10 PM Ignore PathfinderSC Report Abuse SEEN THIS BEFORE.
lodawg48 Champion Author Columbus Posts:12,060 Points:2,311,350 Joined:Jul 2005	Message Posted: Feb 4, 2010 3:39:04 AM Ignore lodawg48 Report Abuse A3rJyK
Jamer Champion Author Orange County Posts:6,387 Points:1,176,310 Joined:Jul 2002	Message Posted: Nov 20, 2009 11:06:00 PM Ignore Jamer Report Abuse This is a old news article.
Winston76 All-Star Author Michigan Posts:727 Points:218,910 Joined:Jul 2008	Message Posted: Nov 20, 2009 2:38:05 PM Ignore Winston76 Report Abuse I hope these closures are just temporary and these refineries can be recommissioned if demand rises.
fordmexico Champion Author Michigan Posts:7,525 Points:306,425 Joined:Oct 2009	Message Posted: Nov 20, 2009 2:07:58 PM Ignore fordmexico Report Abuse Old news. There was an early posting.