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Regional Affairs Council — April 2012

banner unrefined 1 Regional Affairs Council    April 2012
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The regional oil refining industry is on death’s door.  Bad news?  Or good riddance?

KYW’s David Madden has this special four-part insider’s look.

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(Sunoco's refinery in South Philadelphia.  Credit: David Madden)

Part 1: Where We Are Now

What has brought the region to this stage, where two major oil refineries have been shut down and a third could join them in a couple of months?

04/05/2012

(The ConocoPhillips refinery in Trainer, Pa., which is for sale.  Hundreds of workers at the facility have already been laid off.   Credit: David Madden)

Part 2: Why You Should Care

If, like most people, you’re worried about gasoline prices, you might.

04/05/2012

(Credit: David Madden)

Part 3: Multiple Blows

The tiny town of Marcus Hook, Pa. depended heavily on earned income taxes from the Sunoco plant, now closed. Its local economy is in trouble.

04/05/2012

(Sunoco CEO Brian MacDonald says he has found limited interest from other companies in a purchase of Sunoco's South Philadelphia refinery facility.  Photo by David Madden)

Part 4: What’s Ahead

So, with a half-billion-dollar potential hit to the regional economy looming in just three months, what does the future hold for the Delaware Valley’s three local refineries? Sunoco CEO Brian MacDonald isn’t sure.

04/05/2012