Valero to Acquire Premcor

[scott]

Surprised Buddy Holly hasn't posted this yet and propose a series of bike trails and high rise developments along the I-10/1604 frontage road.

http://www.msnbc.msn.com/id/7628972/

[The Ressurrected One]

Yeah, but does it mean lower gas prices?

[Nbadan]

Yeah, but does it mean lower gas prices?

Unfortunately, Gas prices will stay around $2.00 for the forseeable future. Valero does have a good rep in the industry of getting the most out of their refining 'assets', but whether a addition of a few hundred thousand more gallons will make a difference in prices in the long-term is debateable.

[scott]

In the immediate term, we would not be adding any more supply to the market - it is just moving from one corporate structure to another.

In the long term: we have typically spent money to upgrade refineries for higher upgrading capacity, which would mean more barrels. Obviously I am not at liberty to discuss any strategic options we may be considering, but some of the articles mention possible expansions at our existing facilities in Aruba and St. Charles, LA in addition to the would-be acquired Port Arthur refinery.

[The Ressurrected One]

In the immediate term, we would not be adding any more supply to the market - it is just moving from one corporate structure to another.

In the long term: we have typically spent money to upgrade refineries for higher upgrading capacity, which would mean more barrels. Obviously I am not at liberty to discuss any strategic options we may be considering, but some of the articles mention possible expansions at our existing facilities in Aruba and St. Charles, LA in addition to the would-be acquired Port Arthur refinery.

I want to pay .30 cents a gallon again. What are my chances?

[Guru of Nothing]

some of the articles mention possible expansions at our existing facilities in Aruba and St. Charles, LA in addition to the would-be acquired Port Arthur refinery.

St. Charles? ... or Lake Charles?

Either you have been playing Monopoly, or I have not spent enough quality time with my atlas.

[MannyIsGod]

[T Park]

update the refineries we have, start building some new ones, and gas prices will go down, that simple.

[Nbadan]

update the refineries we have, start building some new ones, and gas prices will go down, that simple.

No need to build new refineries with the discovery of new oil fields decreasing worldwide. There is perhaps no greater testiment to the reality of Peak Oil.

[Useruser666]

No need to build new refineries with the discovery of new oil fields decreasing worldwide. There is perhaps no greater testiment to the reality of Peak Oil.

Peak oil?

[Spurminator]

St. Charles is a parish/county in Louisiana.

Map

[Nbadan]

Peak oil?

Peak Oil is the gradual decreasing of cheap abundant oil. With no new large reserve discoveries in the past 3 years and existing oil fields, once abundant, tapping dry, there is a real danger that the world can no longer meet the worlds growing demand without a sharp increase in the price of supply.

[Guru of Nothing]

St. Charles is a parish/county in Louisiana.

Map

Time to get a new atlas.