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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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REPLIES (newest first)
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badtazz Car icon
Sophomore Author Washington

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Message Posted: Feb 9, 2010 2:58:54 AM

Just another day in the good old USA
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OHMS Car icon
Champion Author Orange County

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Message Posted: Feb 8, 2010 2:41:25 PM

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?
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Champion Author South Carolina

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Message Posted: Feb 5, 2010 10:30:10 PM

SEEN THIS BEFORE.
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Champion Author Orange County

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Message Posted: Nov 20, 2009 11:06:00 PM

This is a old news article.
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Veteran Author Michigan

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Message Posted: Nov 20, 2009 2:38:05 PM

I hope these closures are just temporary and these refineries can be recommissioned if demand rises.
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Champion Author Michigan

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Message Posted: Nov 20, 2009 2:07:58 PM

Old news. There was an early posting.
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