One of the largest royal refineries in the US burned yesterday in Pascagoula Mississippi, a small city located in Jackson County. The play seems to be under control according to recent reports but it is still billowing smoke high into the sky. The plant has the capability of processing 330,000 barrels a day, and it's not known yet how secure the damages or what type of impact it might have on processing capability and supplying the US demand for gasoline.
Chevron, located just east of the city in Jackson County, is one of the largest refineries in North America, producing some 330,000 barrels of crude oil a day.
SunHerald.com : Chevron battles fire, fears
As we all know, if there's no gasoline, there's no gridlock. Gridlock of course is not the goal, but it's always the result. The fire raged as the stock market bounced back after the Federal Reserve stepped in today to alleviate pressures on liquidity.
On a different day, the impact on gasoline and oil production in the United States and the rest of North America might have sent pressures on oil prices driving the price up. Fortunately for gasoline consumers, the markets were going through. Can to having the colon cleanse and didn't notice this small tragedy on a day where tragedies proliferated throughout the news from Peru to Utah to Iraq and beyond.
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