Major Explosions Rock Largest Oil Refinery On US East Coast

[Swordsmyth]

Several explosions and a huge fire rocked the largest oil refining complex on the Eastern seaboard in southwest Philadelphia early on Friday, with early reports saying there aren’t any people injured while the cause of the incident is yet unknown.
The massive fire and the explosions that witnesses and nearby residents heard and saw rocked the Philadelphia Energy Solutions Refining Complex, which started its first refining operations back in 1870.
Philadelphia Energy Solutions’ refinery complex has a total refining capacity of 335,000 bpd and is the largest such complex on the U.S. Eastern seaboard, according to PES’s website.
The fire erupted shortly before 4 a.m. local time with flames shooting in the sky, eyewitnesses told CBS Philly. Witnesses heard two or three explosions at the refinery complex, which shook homes in Philadelphia and as far as South Jersey, according to NBC Philadelphia.
Firefighters have already contained the fire within the refinery complex, officials told NBC Philadelphia shortly before 6 a.m., while roads have been closed and city emergency services issued a shelter-in-place for the neighborhood around the refinery.

More at: https://oilprice.com/Latest-Energy-...ck-Largest-Oil-Refinery-On-US-East-Coast.html

 

[RonZeplin]

Excellence in live reporting

The live action color commentary on this video is GREAT. Far better than even a Trump tweet.



@0:11 "Muh nigga, wut?"

 

[Anti Federalist]

The live action color commentary on this video is GREAT. Far better than even a Trump tweet.



@0:11 "Muh nigga, wut?"

Oh, how far we have fallen...

 

[Swordsmyth]

RBOB Gasoline futures jumped overnight, accelerating their recent ascent ever since the explosion and massive inferno at the Philadelphia Energy Solutions (PES) plant, following a Reuters report that the largest east coast refinery is expected to seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex.
Shutting the refinery, the largest and oldest on the U.S. East Coast, would result in not only hundreds of lost jobs but also sharply higher gasoline prices as gasoline supplies are squeezed in the busiest, most densely populated corridor of the United States.
PES is expected to file a notice of intent with state and federal regulators as early as Wednesday, setting in motion the process of closing the refinery, the sources said.


The refinery, which could still change its plans, is also expected to begin layoffs of the 700 union workers at the plant as early as Wednesday, Reuters reported. The layoffs could include about half of the union workforce, with the remaining staff staying at the site until the investigation into the blast concludes.

More at: https://oilprice.com/Energy/Energy-...-East-Coast-Refiner-Is-Set-To-Close-Shop.html