Fox News Contributor Mary Katherine Hamm and Zuma Global President Heather Zumarraga discuss California’s lack of resources to fight wildfires on “Make Money.”
On top of destruction Continuing deadly wildfires in California Already uncontained fires in homes, businesses and other infrastructure have damaged power flow in the region and beyond.
Andy Lipow, president of Lipow Oil Associates, warned in a note this week Crude oilGasoline, diesel and natural gas supplies could be affected.
Storage tanks at Marathon Petroleum’s Los Angeles refinery, which processes domestic and imported crude oil, gasoline, diesel fuel and other petroleum products in Carson, Calif., March 11, 2022. (Reuters/Ping Guan/Reuters Photos)
While the five refineries located in Los Angeles The Long Beach area is not under a direct fire threat yet, and many pipelines are at risk, which means cutting off supplies not only to California, but to other states.
It can also lead to capacity build-up at refineries, which may have to reduce their operating rates to contain the inventory. The five Los Angeles-area refineries handle 60% of California’s refining capacity and 40% of the West Coast’s refining capacity, including Alaska and Hawaii, LeBeau said.
Vehicles pass the Wilmington plant of Phillips 66 refinery in Los Angeles on November 28, 2022, in Wilmington, California. (Mario Tama/Getty Images/Getty Images)
He pointed to the crude oil and natural gas pipelines near the Hurst Fire and Easton Fire and noted that the Kinder Morgan West Line had already been shut down. They provide approximately 60% of the refined products consumed in Nevada and two-thirds of the refined products consumed in Arizona.
“I have not heard of any closures of crude oil or natural gas pipelines, but they are at risk not only because of the obvious fire risk, but they should lose power due to preventive measures taken by local utilities,” Lebo wrote.
A firefighter plane descends on the Palisades Fire in Pacific Palisades on Tuesday, January 7. (Brian Van Der Brug/Los Angeles Times via Getty Images/Getty Images)
There are four Major forest fires Surrounding Los Angeles. Local, state and federal combatants were able to partially contain some of the largest fires overnight, the White House said Friday.
Officials said the Pasadena fire was 3% contained, while the Pacific Palisades fire was 8% contained. The Ventura fire is 35% contained, and the Sylmar fire is 37% contained.
Get FOX Business on the go by clicking here
The fires have so far destroyed more than 10,000 homes and businesses and killed 10 people.
https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/12/0/0/Oil3-Reuters-Blog-A.jpg?ve=1&tl=1
Source link