Chevron Againgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
ednesday December 9, 9:51 pm Eastern Time
Chevron denies problems at Calif. refineries
LOS ANGELES, Dec 9 (Reuters) - Chevron Corp (NYSE:CHV - news) on Wednesday denied rumours that either of its large California refineries had been hit by production problems, despite rumours that gasoline output was hampered in recent days.
``We don't have any issues here,'' said a spokesman for Chevron's El Segundo, California, refinery near Los Angeles. ``The facility's running well,'' he added.
A spokesman for Chevron's San Francisco area refinery declined comment on the rumours.
Spot prices for U.S. West Coast cleaner-burning gasoline (CARB) rose about 1.50 cents a gallon on Wednesday to 41/42 cents a gallon in response to the market talk. Traders said Chevron was a big buyer of gasoline in the past two days.
``It has certainly put them in the market for a lot of gasoline,'' one West Coast dealer said.
``Something's down,'' another said. ``A unit's down that affects production of gas and jet fuel,'' he said.
I wonder if this is Y2K related.
-- Mike Lang (email@example.com), December 09, 1998
Take a deep breath, reach up and re-tune the tab on the right side of your glases to "Skeptic" from "Y2K". NOT every downing of a facility is Y2 related. Lets use our giant salt licks for much of this. (Unless it happens to be the straw that moves a DGI to a GI!!)
-- Chuck a night driver (firstname.lastname@example.org), December 09, 1998.