Coryton refinery to close with 900 jobs at risk

Fri Jun 01, 2012 10:32 pm by roccman

The UK's financially strapped Coryton refinery will run out of crude oil and shut down in phases beginning by the middle of next week, its joint administrator has said.

The prospects of finding a buyer for Coryton look increasingly remote, warned Steven Pearson of PricewaterhouseCoopers.

The refinery was one of several owned by Petroplus, Europe's largest independent refiner, before it declared insolvency.

Pearson said: "The plant will run out of crude oil to refine, and there are no ships on the way," adding that staff would remain for the time being to help shut the plant safely. "We will not announce any immediate redundancies – we'll have more detail in a week's time."

The plant employs 900 people including contractors.

yep...the effects of PO being masked under economic collapse.

http://www.guardian.co.uk/business/2012 ... -jobs-risk

Sat Jun 02, 2012 12:29 am by Picasso Moon

Well, this just proves that PO is a conspiracy, oil companies are shutting down refineries to create shortages. :lol:

(Honestly, i'm joking, i hate to think so, but there are lots of people who believe that shit).

Sat Jun 02, 2012 6:55 am by Little Joe

Either way the corrupt systems stay in power and the jackasses still pull the wagon.The coming bottleneck will emerge with the same Illuminati running the show.You can know,read,print and talk about it, they could care less but expose them and remove them power well it will be a super natural power that does that!

LJ

Sat Jun 02, 2012 8:14 am by mcgowanjm

Little Joe wrote:Either way the corrupt systems stay in power and the jackasses still pull the wagon.The coming bottleneck will emerge with the same Illuminati running the show.You can know,read,print and talk about it, they could care less but expose them and remove them power well it will be a super natural power that does that!

LJ

Super natural power here then... :twisted:

#191. To: All (#0)

What was missed yesterday:

In 2003, Browne struck an $8 billion deal with a group of billionaires to form TNK-BP, the biggest single investment in post-Soviet Russia. Successful Move TNK-BP was Browne’s most successful move, giving BP the biggest Russian presence among the world’s largest oil companies.

Difficult Relationship While profitable, the investors in the TNK-BP venture have had a difficult relationship.

In 2008, Dudley, who was then CEO of TNK-BP, was forced to step down and left Russia after a dispute over company strategy. Last year, the billionaires took BP to arbitration after they cut TNK-BP out of a deal to explore Russia’s Arctic with state-run OAO Rosneft.

One of the Russian shareholders, Mikhail Fridman, resigned as CEO this week, casting renewed doubt on the future of the business. The board hasn’t met this year because shareholders can’t agree on a third independent director.

“It seems rather that BP’s hand has been forced,” said Colin McLean, CEO at SVM Asset Management. “I don’t think this is happening at BP’s choosing. As long as they don’t get a bad price, it draws a line under what doesn’t appear to have been handled well before.”

http://www.bloomberg.com/news/20...p-as ... -dips.html

Why the USSA hates Putin.....8D

Sat Jun 02, 2012 8:17 am by mcgowanjm

roccman wrote:yep...the effects of PO being masked under economic collapse.

Economic Collapse is PO. The two are inseparable.

Every oil discovery/production watershed is immediately mirrored
by a SocioEconomic Event....

TPTB, the Top 400, are pulling every lever....but in the wrong direction.

Sat Jun 02, 2012 10:36 am by Picasso Moon

No, economic collapse is not the same as PO. It happened in the 1910s and 1930s, before anyone even imagined PO. They are happening simultaneously, and feed back and forth, making both even worse.

Mon Jun 04, 2012 8:33 am by mcgowanjm

Picasso Moon wrote:No, economic collapse is not the same as PO. It happened in the 1910s and 1930s, before anyone even imagined PO. They are happening simultaneously, and feed back and forth, making both even worse.

And thank you, PM

This and the fact that I think electronic money and folding money are different,
is what sets us apart...

Economic's is not a science.
Peak oil is.

Collapse happens when Return on Consumption (ROC)is no longer possible.

Loans are based on return plus interest.

no loan can be issued if no one can figure out how to get a return.

Loans are Debts.

Debts are based on EROEI.

As EROEI now turns negative, meaning it costs a BBL to pull a BBL
so why pull it.

This equation will never change back.

Yes, economic collapse happened before PO. But the 'out running' of resources,
bad loans based on these resources was the same.

The difference this time is that the Entire Globe has been hard wired into the very same system.

As the Energy Source is flatlining/dropping. All debt must be defaulted.

The fault lies with the original loans which never should have been made in the first place.

The entire world has been had, the car dealers and developers made some ‘money’ … whatever that is. There is nothing useful to show for the enterprise except some useless junk. A fine mess we’ve made for ourselves …

Watch the War Machine and Peak Pollution. That's all that's left.

Mon Jun 04, 2012 10:09 am by Picasso Moon

Money, be it paper, material(e.g. gold) or electronic, is a FETISH, nothing more than an increasingly inaccurate representation of value. http://www.dailybattle.pair.com/2012/occupy_target_destroy_ruling_money_fetish.shtml

Yes, PO, as well as the quickly-accelerated crisis of the biosphere, make this economic collapse very different from the 1910s and 1930s, make any "recovery" pretty much impossible even with a global war.

Tue Jun 05, 2012 6:07 am by mcgowanjm

Picasso Moon wrote:Money, be it paper, material(e.g. gold) or electronic, is a FETISH, nothing more than an increasingly inaccurate representation of value. http://www.dailybattle.pair.com/2012/occupy_target_destroy_ruling_money_fetish.shtml

Yes, PO, as well as the quickly-accelerated crisis of the biosphere, make this economic collapse very different from the 1910s and 1930s, make any "recovery" pretty much impossible even with a global war.

Well, yes, but until we can light fires with lightening bolts
from our hands, or live like First Nation as Hunter/Gatherers,
then Economic Collapse is Peak Oil.

As Debt is Information Over run based on Energy Return on Future Consumption.

As Every Civiliation before can attest.

The only difference this time is the Extremely High EROEI we've enjoyed
this last 150 years. Note the MAny Parabolic Curves that have resulted
and which are now coming back down to Baseline.

The Pop Curve the biggest Example. 400 million humans by 2120.

Coryton refinery to close with 900 jobs at risk

Coryton refinery to close with 900 jobs at risk

Re: Coryton refinery to close with 900 jobs at risk

Re: Coryton refinery to close with 900 jobs at risk

Re: Coryton refinery to close with 900 jobs at risk

Re: Coryton refinery to close with 900 jobs at risk

Re: Coryton refinery to close with 900 jobs at risk

Re: Coryton refinery to close with 900 jobs at risk

Re: Coryton refinery to close with 900 jobs at risk

Re: Coryton refinery to close with 900 jobs at risk

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