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re: Marathon Oil Refinery on fire in Texas City
Posted on 6/15/25 at 12:23 am to SmackoverHawg
Posted on 6/15/25 at 12:23 am to SmackoverHawg
Temporary fires at refineries have never had any real effect on oil prices. Wars do, but have never once seen "Temporary fire at CITGO Lake Chuck refinery. Oil prices rise $6 in response."
This post was edited on 6/15/25 at 12:24 am
3
Posted on 6/15/25 at 12:26 am to SWLA92
SWLA92 I remember you saying you have a crawfish farm. What would you say your profit is annually per acre? Can you do it with just 30 acres or is there an economy of scale? I'm interested in it. Always have been. One of those traffic thoughts I get. If one buys 30 acres and develops a farm, how long until you'd recoup your initial investment in profit?
Always thought of doing one in SE Texas or East Texas as crawfish prices are significantly higher in Houston than Louisiana. For example, most places in Louisiana are probably at $4/lb or even $3.50. Houston is easy $6.50 to $7 a lb now. HEB which groceries usually sell cheaper crawfish, is $6.70 now boiled. Basically what would yield higher returns, the S&P 500/Nasdaq 100 or a crawfish farm at Houston prices? Sorry for detailed question, just don't know crawfish farmer top of head.
Always thought of doing one in SE Texas or East Texas as crawfish prices are significantly higher in Houston than Louisiana. For example, most places in Louisiana are probably at $4/lb or even $3.50. Houston is easy $6.50 to $7 a lb now. HEB which groceries usually sell cheaper crawfish, is $6.70 now boiled. Basically what would yield higher returns, the S&P 500/Nasdaq 100 or a crawfish farm at Houston prices? Sorry for detailed question, just don't know crawfish farmer top of head.
This post was edited on 6/15/25 at 12:35 am
Posted on 6/15/25 at 7:26 am to dukesilver72
It's like the H Oil unit at the old Shell Convent refinery, except the RHU is much bigger. Same 3000PSI process and ebulated catalyst reactors.
Posted on 6/15/25 at 11:18 am to Saunson69
quote:
Temporary fires at refineries have never had any real effect on oil prices. Wars do, but have never once seen "Temporary fire at CITGO Lake Chuck refinery. Oil prices rise $6 in response."
Gas prices is what I was referring to. And it looked like a bigger deal than it turned out to be. They 100% will jack up gas prices any chance they get.
Posted on 6/15/25 at 11:21 am to genuineLSUtiger
quote:
Iranian sleeper cells doing work.
Marathon shouldn’t have made all those H1B hires.
Posted on 6/15/25 at 11:23 am to Saunson69
quote:
Temporary fires at refineries have never had any real effect on oil prices.
Not true. Maybe not in gulf coast where there’s more capacity but mid-con and others can def see a rise in prices when a refiner is down
This post was edited on 6/15/25 at 11:25 am
Posted on 6/15/25 at 11:30 am to RemyLeBeau
quote:
It's like the H Oil unit at the old Shell Convent
That unit was a bitch to deal with.
Posted on 6/15/25 at 1:30 pm to SWLA92
The whole city basically blew up in 1947. I don’t recall all the details but several ships caught fire and they were carrying fertilizer. Massive explosion after massive explosion for days with many people killed. Leveled the entire city. I know, CSB.
Posted on 6/15/25 at 1:37 pm to Lou Loomis
My dad moved to Port Arthur in the early 50s (transferred within Allied Chemical’s Orange, TX plant). They had a guy in maintenance there who was all burnt up from that ‘47 explosion.
Posted on 6/15/25 at 1:38 pm to Lou Loomis
Posted on 6/15/25 at 1:47 pm to jmh5724
Marathon has 2 refineries operated as one complex. This is the smaller one, not the former BP/Amoco one.
Posted on 6/15/25 at 2:44 pm to RemyLeBeau
quote:
It's like the H Oil unit at the old Shell Convent refinery, except the RHU is much bigger. Same 3000PSI process and ebulated catalyst reactors.
My guess is the hydrogen connection where the "spark" occurred.
Posted on 6/15/25 at 2:50 pm to Lou Loomis
quote:
CSB
Chemical safety board.
Posted on 6/15/25 at 5:28 pm to dukesilver72
quote:
Yep. Almost 3000psi unit. F that.
I worked at a 4000# unit with high volume for 46 years. The only death that occurred was from a vessel out of service.
Posted on 6/15/25 at 5:45 pm to Saunson69
Sir… please don’t frick up this string with facts..:
Posted on 6/15/25 at 5:48 pm to CitizenK
quote:
Marathon has 2 refineries operated as one complex. This is the smaller one, not the former BP/Amoco one.
Wrong. The RHU units are part of the former BP refinery.
Posted on 6/15/25 at 6:33 pm to GonzalesTiger
quote:
Wrong. The RHU units are part of the former BP refinery.
News media had it wrong about the Bay refinery?
Posted on 6/15/25 at 6:42 pm to CMATTE
quote:
Yup. RHU unit.
Refining baws: since this isn’t their cat cracker, there really shouldn’t be any impact on gasoline prices, right?
They’ll just send heavies someplace else in the process or store it until the RHU is online again right?
Posted on 6/15/25 at 6:47 pm to CitizenK
quote:
News media had it wrong about the Bay refinery?
I guess so. I didn’t notice that they mentioned Bay Plant which is the old Marathon part. RHU’s are absolutely in the plant that was purchased from BP.
Posted on 6/15/25 at 6:55 pm to GonzalesTiger
quote:
I guess so. I didn’t notice that they mentioned Bay Plant which is the old Marathon part. RHU’s are absolutely in the plant that was purchased from BP.
I get that but haven't been in that refinery for over 20 years, when it was BP.. There were no Residual Hydrocrackers in the Bay plant that I am aware of. I've certainly been around high pressure in the past when the low density polyethylene plants had 40,000 psig compressors and vessels were laminated steel with weep holes between layers of steel
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