Another day

Sense March 26 2022 Chevron corporation strike in Vallejo California.

Concurrently with the strike—and possibly resulting from the company’s efforts to continue operations during the strike—a hydrotreater at the refinery has broken down.  This has caused a massive drop in production and corresponding further rise in prices.

It’s very difficult to make (diesel without the hydrotreater)

So in the San Francisco metropolitan area we only have two facilities producing diesel PBF energy and Valero.

PBF and Valero are making so much money it’s unbelievable… because Chevron hydrtreater is unable to run.

As of this date 4/25/22 The strike is still on.

Some 3 years ago we had five oil refineries in the San Francisco metropolitan area now we only have three do the math.

Sense March 26 2022 Chevron corporation strike in Vallejo California.

Concurrently with the strike—and possibly resulting from the company’s efforts to continue operations during the strike—a hydrotreater at the refinery has broken down.  This has caused a massive drop in production and corresponding further rise in prices.

It’s very difficult to make (diesel without the hydrotreater).

So in the San Francisco metropolitan area we only have two facilities producing diesel PBF energy and Valero.

As of this date 4/10/22 The strike is still on.

So quiet today….. Are we short.

Thank God the pipeline still there.

https://vm.tiktok.com/ZTdDwEeSd/

Who in the F really cares if an officer sold some equity in this company we do it every day what the f.

Is the sky falling or are you short.

My understanding as a former employee of Shell is the Netherlands wanted Shell to move more quickly towards green and there was a conflict there and that’s part of the reason they move their headquarters out.

The German government is now in the process of rethinking the closing down there last three nuclear facilities and also did an about face with sending arms to Ukraine unthinkable two weeks ago.

The swiss government has also done the unthinkable freezing foreign assets of Russian oligarchs…. Unimaginable two weeks ago.

As a former employee of Shell corporation once they make a decision to do something they normally do it no matter what the cost is good or bad that’s one of the downsides of working for Shell corporation.

They will write down without question investments in Russia I have seen it before when they did a right down in Alaska for $25 billion dollars people that follow this company notice as a fact.

There’s no question they want it out of dirty oil and that has been the plan for quite some time everybody know this….however geo political politics have changed dramatically they may do unthinkable move back into dirty oil because this episode with the Russians may last easily 10 years.?

As my former employee I will have to tell you the honest truth nothing matters more than making a profit no matter what they have to do they will do it….it’s in their DNA.

In my opinion one of the reasons why Shell stock is down they are redefining their selves.

I just love it when Marathon has an explosion and the stock does not go down you got a love it oops it’s a Holiday

There’s a rumor out there that the Martinez facility Has accomplished the circumvention of the 6.5 California regional district pollution requirements by new innovation technology… supposedly they are now in the range of 1.1 to 1.2. That is well below 2.0… particulates of pollution measured by the state of California.

So it looks like they will not have to spend $1 billion for a scrubber.!

Also it looks like maybe they were in the range of 2.5 to 3. million in revenue per day in the end of last quarter…. I think it is flagship of all PBF facilities.

PBF has a great Management team the market just doesn’t realize it yet.

https://www.reuters.com/article/refinery-sale-lyondell-houston-idUSKBN2IJ015

HOUSTON (Reuters) - Officials from independent U.S. refiner PBF Energy last week toured LyondellBasell Industries’ Houston refinery, which went up for sale in September, people familiar with the matter said on Friday.

FILE PHOTO: An aerial view of LyondellBasell-Houston Refining is seen in Houston, Texas, U.S. August 31, 2017. REUTERS/Adrees Latif
Representatives of other companies have not yet toured the 263,776 barrel-per-day (bpd) refinery located along the Houston Ship Channel, the sources said.
A spokesperson for chemical maker Lyondell declined comment on Friday.
“As a matter of policy, we do not comment on market rumors or speculation,” said Lyondell’s Kara Slaughter.

————————

PARSIPPANY, N.J., Dec. 23, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced that Paul Donahue has been elected as an independent director effective January 1, 2022.

PBF Energy Logo

Thomas J. Nimbley, Chairman of the Board and CEO, commented, "We are very pleased to have Paul join the PBF Energy Board of Directors. He is an accomplished executive and leader with over 33 years of experience in finance and investing, with extensive energy industry experience and will be a significant addition to the Board."
Mr. Donahue is currently the Managing Partner and Co-Founder of Black Squirrel Partners, a growth equity and content acquisition platform focused on the consumer/retail, technology and music industry verticals. In 2020, he retired from Morgan Stanley, where he last served as Head of Americas Equity Capital Markets, was a member of the Global Capital Markets Operating Committee and was Chairman of Morgan Stanley's Equity Underwriting Committee.

Well at least they have a new board member that can help in any type of acquisition.. it’s saying the sale may take place in the very first part of 2022 I guess we will see.

1. Someone was asking 300,000 barrels in the water and the equity goes up…. Well my thinking is this 300,000 barrels are not on the market less product.

Also the rumor is Martinez facilities has made up to $3 million to $2.5 million “ a day “ in the last two weeks in California and that does not take into account the Rins cost.

In determining the scale of the RFS, and the number of small refinery exemptions, the White House is able to impact the price of fuel, the price of food, and the cost structure for independent refineries.

To the last point, Credit Suisse has upgraded CVR Energy (NYSE:CVI) yesterday, as a significant reduction in the RFS could benefit CVR and other similarly positioned refineries like PBF (NYSE:PBF) and Delek (NYSE:DK).

With gasoline, diesel, corn and soybean prices all well above average levels seen in recent years, inflation at multi-decade highs, and Biden's approval rating near the lows, Reuters has speculated the White House will significantly cut the RFS, reducing food costs, fuel costs and boosting US refineries.