May 4, 2015 |
Hundreds of feet beneath the former Sunoco refinery in Marcus Hook are five caverns carved from granite, excavated not by ancient geologic forces but by 20th-century miners. The first of the gigantic underground fuel storage caverns was built during the Cold War, partly to shield supplies from nuclear attack. The last was built after the 1973 energy crisis as a bulwark against capricious oil importers. Now, decades later, the national debate focuses on American energy exports, not imports, and the caverns have assumed new importance in response to the nation's changing energy fortunes.
April 17, 2015 |
Delta Air Lines said Wednesday that its Trainer refinery in Delaware County posted an $86 million profit in the first quarter of this year. Delta said the sharp drop in crude oil prices would translate into a $2.2 billion savings in jet-fuel costs in 2015. "Over the last four quarters, the refinery has produced a cumulative profit of over $220 million," chief financial officer Paul Jacobson said during a conference call on the company's earnings. Delta, whose report began airlines' earnings season, said it expected that the refinery would make about $80 million in the second quarter.
April 14, 2015 |
NICOLE JONIEC'S biggest regret, five years after moving into a century-old rowhouse in South Philadelphia with her husband and their two cats, is that she didn't zoom out a little more when she had checked out her new address on Google Maps. Joniec, 37, who works at the Free Library, said she now feels "silly" that she didn't realize how close they would live to the ancient, sprawling refinery on the banks of the Schuylkill, then owned by Sunoco and which today - with a new owner, Philadelphia Energy Solutions - is booming with crude oil fracked in North Dakota.
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.