El Segundo refinery on fire
Chevron's El Segundo refinery in California is on fire. It had a huge explosion and is shut down right now. NO INJURIES, thank God. Chevron just moved out of Cali to Texas, and either 2 or three refineries are set to shut already in Cali. El Segundo supplied 20% of So Cal's gasoline and 40% of its jet fuel. Will Chevron repair its damaged refinery or just shut it down? Will gas zoom to $10/gallon? Stay tuned. This is what happens when you decide to replace oil with sunshine and breezes between bong hits. They did the FA; here comes the FO.
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dckpttn - You might be interested on the El Segundo fire in a separate topic. Judging by the released photo's the damage is limited in spite of the fire. I think it is repairable but the refinery production will be reduced and no doubt there will be an inquiry and protests which will slow things down