March 15, 2015 |
Philip Rinaldi, the city's refinery titan, offered Philadelphia City Council a lesson in business terminology Friday when he introduced a new phrase into council's vocabulary: "idiot insurance. " During testimony on whether the city-owned Philadelphia Gas Works should engage in a public-private partnership, Rinaldi suggested Council could consider protecting its interests by maintaining an ownership stake in any private venture. "I live in a world of mergers and acquisitions," said Rinaldi, chief executive of Philadelphia Energy Solutions.
February 9, 2015 |
Hundreds of union steelworkers rallied at two local refineries Saturday in support of 5,200 steelworkers on strike, or about to strike, at 11 refineries and chemical plants in California, Kentucky, Texas, Washington, Indiana, and Ohio. On Saturday morning, about 150 members of the United Steelworkers union, led by Local 10-234, met at the union hall in Trainer and marched to the Monroe Energy refinery for a rally, said the local's president, Denis J. Stephano. In the afternoon, approximately 100 workers, led by Local 10-1, rallied at the Passyunk Avenue entrance to the Philadelphia Energy Solutions refinery in South Philadelphia.
January 4, 2015 |
A 63-year-old contractor was fatally struck in the head while working at an oil refinery in Gloucester County on Friday, officials say. Gary Grimming was killed instantly when an air compressor line broke, striking him in the head, at the PBF Energy Paulsboro refinery about 9:30 a.m., the Gloucester County Prosecutor's Office said. Grimming was a contractor with G.C. Zarnas & Co., which was sandblasting a tank at the refinery, officials said. The refinery sits in Greenwich Township.
December 24, 2014 |
WHEN TRACEY Schrufer saw her father in the Crozer-Chester Burn Center, he looked like a mummy, wrapped in white bandages. Tracey was 7, and she didn't realize it then, but there was no reason why her father, George L. Schrufer, was still alive. He had suffered burns on 78 percent of his body in the horrendous 12-alarm Gulf refinery fire in August 1975, a blaze in which eight firefighters died and 14 others, including George Schrufer, were injured. Not only did George suffer burns, but his lungs were damaged by the smoke and oil vapors he had inhaled as he struggled through burning thigh-deep oil and foam to try to help his fellow firefighters.
December 21, 2014 |
George L. Schrufer, 72, a firefighter who survived one of the worst blazes in Philadelphia history, died Thursday, Dec. 18, at his home in Bridesburg. He had suffered numerous health issues since being injured in the massive Gulf Oil refinery fire in 1975. Mr. Schrufer had been a firefighter for nine years when vapor from a Gulf Oil tanker ignited at the South Philadelphia refinery on Aug. 17, 1975. Eight firefighters were killed in the blaze, and Mr. Schrufer was disabled. An officer at the scene of the blaze told Mr. Schrufer's daughter Charlene Schrufer Rothe that when the tank blew, "everybody was running from the building, but my dad ran into the building to save the people from his engine.
December 13, 2014 |
Airline stocks soared Thursday after Delta Air Lines said the sharp drop in oil prices would translate into a $1.7 billion savings in fuel costs next year. Delta said at an investor conference in New York that its Trainer refinery in Delaware County would produce a $75 million profit in the current quarter, helping to offset losses on the airline's fuel-hedge contracts. Delta buys some of its fuel in advance, to hedge against higher costs. But when fuel prices dramatically decline, the airline is locked in and takes a hedge loss.
November 2, 2014 |
The Philadelphia refinery executive who is leading an effort to promote the region as an energy hub called on city officials Friday to "reclaim" a collapsed $1.86 billion sale of the municipal gas utility. Philip Rinaldi, chief executive of Philadelphia Energy Solutions, urged Mayor Nutter and Council President Darrell L. Clarke to restart the sale process after Clarke's surprise announcement Monday that Council would not endorse Nutter's proposed sale of the Philadelphia Gas Works to UIL Holdings Corp.
October 18, 2014 |
Delta Air Lines said Thursday that its Trainer oil refinery in Delaware County produced a $19 million profit in the third quarter, and is expected to have a $20 million profit in the current fourth quarter. Delta, the first U.S. airline to report earnings, had Thanksgiving revenues up by 8 percent, and Christmas and New Year's bookings "look solid," company president Edward Bastian reported on a conference call. Management said it has seen no change in booking trends due to the Ebola outbreak in West Africa.
September 2, 2014 |
Maybe, on Labor Day, at the head of the annual Labor Day parade of union members - the T-shirted battalions of union teachers, truck drivers, trash crews, postal workers, hospital dieticians, building engineers, stagehands, and riggers - Patrick J. Eiding will be able to forget, for a moment, the relentless union bashing he often encounters. To Eiding, 73, president of the Philadelphia Council of the AFL-CIO, a federation of about 100 Philadelphia-area union locals, it seems so frustratingly backwards.
July 25, 2014 |
Delta Air Lines said Wednesday that its Trainer oil refinery in Delaware County produced a $13 million profit in the second quarter. Delta, the first U.S. airline to report earnings, posted a second-quarter profit of $889 million, or $1.04 a share, that beat analysts' estimates, driven by strong passenger demand and higher revenue from corporate contracts. Revenue rose 9.4 percent to $10.6 billion. "We will post even better results in the third quarter, with a forecast operating margin of 15 percent to 17 percent," Delta chief executive officer Richard Anderson said on a conference call.