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Author Topic: Valero sees expansion of U.S. crude and exports Back to Topics
DoctorV

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Detroit

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Message Posted: Jan 29, 2013 8:17:25 PM

To take advantage of the growth in U.S. domestic oil production, Valero is spending slightly less than $1 billion on logistics projects.

By the end of the year Valero will have 9,000 rail cars to ship crude to refineries on the West Coast, the Gulf Coast, in Quebec and in Memphis.

Valero is also looking at possibly using rail to ship Canadian crude from the tar sands fields in Alberta to the Gulf Coast, in addition to shipping the crude via barge.

...But expansion of dock space at the St. Charles refinery in Norco, Louisiana, and at the Port Arthur, Texas, refinery will boost exports.

Valero's gasoline exports are expected to rise to 250,000 barrels from 225,000 currently, Gorder said. Distillate exports are expected to climb to 425,000 barrels in 2013 from 280,000.

Visit Reuters for full article
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DoctorV
Champion Author Detroit

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Message Posted: Jan 30, 2013 9:46:13 AM

When a new pipeline shuts down the rail operations, the rail car leasing companies will be left holding the bag.
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Luckylindy
Champion Author Milwaukee

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Message Posted: Jan 30, 2013 2:42:30 AM

What happens when a pipeline shuts down the rail operation?
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Batdan
Sophomore Author Atlanta

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Message Posted: Jan 30, 2013 1:57:08 AM

Hmm, who was it that predicted the sludge oil, after refining, would be exported and not sold to us to lower costs?
Typical.
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Cothrom
Champion Author South Carolina

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Message Posted: Jan 30, 2013 1:09:25 AM

That must help the railways even more
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iFueler
Champion Author Durham

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Message Posted: Jan 30, 2013 12:24:55 AM

moving a lot of oil around ...
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JohnofGB
Champion Author Flint

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Message Posted: Jan 30, 2013 12:20:47 AM

Valero has weaned itself off of imported oil but is still charging us like they are paying for the higher price crude: then they pocket the profits.
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BobBG
Champion Author Albany

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Message Posted: Jan 29, 2013 11:53:04 PM

Good for rail.
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TXRanger09
Champion Author Dallas

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Message Posted: Jan 29, 2013 11:51:04 PM

I don't buy fuel from Valero but may pick up on a few shares of VLO.
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davenles
Champion Author Texas

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Message Posted: Jan 29, 2013 11:06:31 PM

Railroad is getting a boost from this deal.
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Zing20
All-Star Author Fresno

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Message Posted: Jan 29, 2013 10:50:08 PM

Good news
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hpmossii
Sophomore Author Pennsylvania

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Message Posted: Jan 29, 2013 10:08:02 PM

The only Valero station I've come across - in New Castle, PA - tends to be competetively priced.
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mastermariner
Champion Author Texas

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Message Posted: Jan 29, 2013 10:05:14 PM

Way to go why wait?
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graceman
Champion Author Baltimore

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Message Posted: Jan 29, 2013 9:58:28 PM

Maybe that will help with our debt.
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humblepie
Champion Author Toledo

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Message Posted: Jan 29, 2013 9:52:16 PM

not a good plan
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csblesson
Champion Author Texas

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Message Posted: Jan 29, 2013 9:24:36 PM

Good for them
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greatartiste
All-Star Author New Jersey

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Message Posted: Jan 29, 2013 9:21:07 PM

Valero gas stations in NJ are not competitive on price. The only independent chain more expensive is Lukoil...
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DoctorV
Champion Author Detroit

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Message Posted: Jan 29, 2013 8:18:05 PM

Also, from the article:

"The San Antonio-based refiner also said its 14 refineries are expected to have a combined throughput of 2.575 million barrels per day, or 95 percent of total capacity, in the first quarter.

"Combined throughput could be as low as 91.5 percent of capacity, or 2.485 million bpd, in the quarter, Valero said."

[Edited by: DoctorV at 1/29/2013 8:18:16 PM EST]
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