The ongoing wildfires in California, which have already caused significant damage to homes, businesses, and infrastructure, pose a risk to the energy supply chain. Five refineries in the Los Angeles and Long Beach areas, responsible for 60% of California's refining capacity and 40% of the West Coast's capacity, are not directly threatened. However, several pipelines supplying these refineries are at risk, potentially disrupting energy flows to California and other states. The situation could lead to refinery operating rate reductions due to inventory buildup.
On top of the devastation California's deadly ongoing wildfires have already caused to homes, businesses and other infrastructure, the uncontained fires could hurt the flow of energy in the region and beyond.Lipow Oil Associates President Andy Lipow warned in a note this week that crude oil, gasoline, diesel and natural gas supplies could all be affected.
He pointed to crude oil and natural gas pipelines in the vicinity of the Hurst Fire and Easton Fire and noted the Kinder Morgan West Line has already been shut down. It supplies some 60% of the refined products consumed in Nevada and two-thirds of the refined products consumed in Arizona.
CALIFORNIA WILDFIRES ENERGY SUPPLY PIPELINES REFINERIES WEST COAST
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dangerous Santa Ana Winds Threaten Southern California with WildfiresA powerful windstorm is expected to hit Southern California on Tuesday, bringing with it the potential for destructive winds and dangerous fire conditions. The National Weather Service has issued red flag warnings for much of the region, urging residents to be prepared for the possibility of wildfires and evacuations.
Read more »
Fast-Burning Winter Wildfires Threaten CaliforniaAn unusual combination of factors, including strong winds, drought, and a warming climate, has led to a surge in fast-burning wildfires in California this winter. Fire experts warn that these winter fires are particularly dangerous because they spread quickly and are harder to contain.
Read more »
California Wildfires Force Mass Evacuations, Threaten Thousands of StructuresDevastating wildfires rage across Los Angeles County, prompting mass evacuations and threatening thousands of homes. Satellite footage captures the rapid spread of the blazes, highlighting the severity of the situation.
Read more »
California Wildfires Threaten Insurance Market and Housing AffordabilityThe ongoing wildfires in California are expected to be one of the most costly disasters in the state's history, posing a significant threat to the insurance market and affordability of housing. The fires are likely to cause billions of dollars in damage, putting a strain on insurers and potentially leading to higher premiums for homeowners.
Read more »
Jamie Lee Curtis Urges Donations After California Wildfires Threaten HomeActress Jamie Lee Curtis emotionally addressed the devastating wildfires in Los Angeles, revealing they threatened her own home in Pacific Palisades. While her home was spared, Curtis shared the widespread destruction impacting her community and urging viewers to donate to the Red Cross and support recovery efforts.
Read more »
California Wildfires Threaten to Be Costliest in U.S. HistoryThe devastating wildfires sweeping through Los Angeles could surpass the 2018 Camp Fire as the costliest blaze in U.S. history. Insured losses are projected to exceed \$20 billion, with economic damages estimated at nearly \$50 billion and potentially reaching \$57 billion.
Read more »