GasBuddy Blog

Message Forum - Read Message

Category: Daily News Article Discussions > Topics	Add to favorite topics

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

DoctorV Champion Author Detroit Posts:1,006 Points:199,675 Joined:Aug 2008	Message Posted: Jan 29, 2013 8:17:25 PM Ignore DoctorV Report Abuse 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

DoctorV

Champion Author
Detroit

Posts:1,006
Points:199,675
Joined:Aug 2008

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

Ignore DoctorV Report Abuse

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

REPLIES (newest first)Ignore Short Messages

DoctorV Champion Author Detroit Posts:1,006 Points:199,675 Joined:Aug 2008	Message Posted: Jan 30, 2013 9:46:13 AM Ignore DoctorV Report Abuse When a new pipeline shuts down the rail operations, the rail car leasing companies will be left holding the bag.
Luckylindy Champion Author Milwaukee Posts:4,499 Points:1,124,145 Joined:May 2008	Message Posted: Jan 30, 2013 2:42:30 AM Ignore Luckylindy Report Abuse What happens when a pipeline shuts down the rail operation?
Batdan Rookie Author Atlanta Posts:98 Points:32,940 Joined:Apr 2007	Message Posted: Jan 30, 2013 1:57:08 AM Ignore Batdan Report Abuse Hmm, who was it that predicted the sludge oil, after refining, would be exported and not sold to us to lower costs? Typical.
Cothrom Champion Author South Carolina Posts:1,746 Points:722,755 Joined:Sep 2005	Message Posted: Jan 30, 2013 1:09:25 AM Ignore Cothrom Report Abuse That must help the railways even more
iFueler Champion Author Durham Posts:64,308 Points:175,500 Joined:Nov 2012	Message Posted: Jan 30, 2013 12:24:55 AM Ignore iFueler Report Abuse moving a lot of oil around ...
JohnofGB Champion Author Flint Posts:5,406 Points:1,093,270 Joined:Feb 2010	Message Posted: Jan 30, 2013 12:20:47 AM Ignore JohnofGB Report Abuse 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.
BobBG All-Star Author Albany Posts:820 Points:808,460 Joined:Nov 2005	Message Posted: Jan 29, 2013 11:53:04 PM Ignore BobBG Report Abuse Good for rail.
TXRanger09 Champion Author Dallas Posts:2,498 Points:889,265 Joined:May 2009	Message Posted: Jan 29, 2013 11:51:04 PM Ignore TXRanger09 Report Abuse I don't buy fuel from Valero but may pick up on a few shares of VLO.
davenles Champion Author Texas Posts:3,181 Points:715,635 Joined:May 2011	Message Posted: Jan 29, 2013 11:06:31 PM Ignore davenles Report Abuse Railroad is getting a boost from this deal.
Zing20 All-Star Author Fresno Posts:692 Points:169,105 Joined:Nov 2012	Message Posted: Jan 29, 2013 10:50:08 PM Ignore Zing20 Report Abuse Good news
hpmossii Sophomore Author Pennsylvania Posts:208 Points:173,330 Joined:Oct 2012	Message Posted: Jan 29, 2013 10:08:02 PM Ignore hpmossii Report Abuse The only Valero station I've come across - in New Castle, PA - tends to be competetively priced.
mastermariner Champion Author Texas Posts:4,236 Points:492,035 Joined:Jun 2011	Message Posted: Jan 29, 2013 10:05:14 PM Ignore mastermariner Report Abuse Way to go why wait?
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Jan 29, 2013 9:58:28 PM Ignore graceman Report Abuse Maybe that will help with our debt.
humblepie Champion Author Toledo Posts:34,095 Points:2,368,445 Joined:Mar 2006	Message Posted: Jan 29, 2013 9:52:16 PM Ignore humblepie Report Abuse not a good plan
csblesson Champion Author Texas Posts:1,801 Points:350,200 Joined:May 2012	Message Posted: Jan 29, 2013 9:24:36 PM Ignore csblesson Report Abuse Good for them
greatartiste All-Star Author New Jersey Posts:540 Points:105,810 Joined:Apr 2011	Message Posted: Jan 29, 2013 9:21:07 PM Ignore greatartiste Report Abuse Valero gas stations in NJ are not competitive on price. The only independent chain more expensive is Lukoil...
DoctorV Champion Author Detroit Posts:1,006 Points:199,675 Joined:Aug 2008	Message Posted: Jan 29, 2013 8:18:05 PM Ignore DoctorV Report Abuse 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]