Independent thinking for complex markets and current events
One of North America’s largest refining hubs just went up in flames. Port Arthur fuels huge parts of the eastern 🇺🇸. Gas prices aren’t staying calm after this 💥📈 https://t.co/74np4iGVqe — Shazi (@ShaziGoalie) March 24, 2026 A massive fire erupted Monday evening at the Valero refinery in Port Arthur, Texas, following an explosion that sent …
And the simple reason why China dominates rare earth refining: it is big enough to store all the toxic byproducts. The world's largest REE mine, Bayan-Obo has produced over 70,000 tons of radioactive thorium stored in the area. But, the tailing pond lacks proper lining. As a… pic.twitter.com/MnhBPTKm73 — zerohedge (@zerohedge) November 4, 2025 https://twitter.com/remedyrac/status/1985594742378258646 …
https://twitter.com/Minutes_ae/status/1973755096820326611 Ukraine’s new strategy of targeting oil refineries is taking its toll on Russia’s economy, dramatically cutting its refining capacity as the government seeks to balance massive military spending with falling revenue. Citing data from Seala, a Russian energy markets analysis agency, the Russian business daily RBC reported that nearly 40 percent of the country’s …
TL;DR: Phillips 66 announced it will close its Los Angeles-area refinery by 2025. The closure follows new California regulations aimed at preventing gas price spikes. The refinery accounts for 8% of California’s refining capacity. Phillips 66 plans to repurpose the 650-acre site with real estate development firms. Around 600 employees and 300 contractors will be …
via Mike Shedlock: Refineries are closing due to environmental pressure. However, the public does not want EVs and the demand for diesel and jet fuel is on the rise. Refining Bottleneck Bloomberg reports A Crunch in Key Corner of Oil Market Leaves Consumers Vulnerable to Heat and War. Oil demand growth has outpaced the increase in …