Holly Corporate Welfare!

[FOTD]

Call Whine One One and get me a Whaaaambulance!

Uh, FOTARD how about that deceptive Obama Admin only copping to 8.9% then?  Dip-smile

You can't restore optimism and confidence using those real numbers. BTW, it's not an election year.

[Conan71]

You can't restore optimism and confidence using those real numbers. BTW, it's not an election year.

How many times have you slept with President Obama?  Man you got a bad case of Obama Apology Syndrome.  It's very contagious and spread by spooning with him.

[Cats Cats Cats]

I am sure the unemployment rate is around 16%.  It was probably about 10% when Obama took office and quickly dropped to 16% with all the layoffs.

If you guys want to try to compare Bush to Obama unemployment you should trying comparing the SAME two numbers instead of two different interpretations.  There is no reason to try to pretend like unemployment isn't high FOTD. 

[Conan71]

Depends which definition you use.  You can make it even larger if you add in retirees, college students, etc. 

The common yard stick released by the government and picked up by the media does not include "discouraged" workers no longer looking for work.  We've argued this in the past ad nauseum. 

[FOTD]

http://www.publicintegrity.org/blog/entry/1375/
"What's the upshot for job seekers? It's grim. With 24.7 million people looking for work, and 2.7 million jobs open, there are 22 million people out of luck. At least for now"

Eventually working Americans will have to repay the trillions borrowed from Wall Street gamblers to give to Wall Street gamblers. Geithner's bubble is harmful to the economy although undoubtedly valuable to his billionaire buddies. The economy is still getting worse, and eventually the artificial prop will fail and the stock market will tumble much much further than if Geithner had done nothing.

[Conan71]

http://www.publicintegrity.org/blog/entry/1375/
"What's the upshot for job seekers? It's grim. With 24.7 million people looking for work, and 2.7 million jobs open, there are 22 million people out of luck. At least for now"

Eventually working Americans will have to repay the trillions borrowed from Wall Street gamblers to give to Wall Street gamblers. Geithner's bubble is harmful to the economy although undoubtedly valuable to his billionaire buddies. The economy is still getting worse, and eventually the artificial prop will fail and the stock market will tumble much much further than if Geithner had done nothing.

Being kinda harsh on the Obama Administration, aren't you?

[Cats Cats Cats]

Being kinda harsh on the Obama Administration, aren't you?

Yup.. 2007 didn't exist.  The job market is based solely on the day after Obama took office until today.  The graph however fails to show this spike up to 0 the day Obama took office for some reason.  You might e-mail everybody to correct them all.

[FOTD]

These companies are liars and cheats....Tulsa's worst corporate citizens....told ya so. The worst part is TW buys into their crap and fails to ask the right questions.

http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20090718_49_E1_Snlius234740

Sinclair expansion on hold
Both Holly Corp. and Sinclair Oil go forward with environmental upgrades at their Tulsa refineries.

By ROD WALTON World Staff Writer
Published: 7/18/2009  2:24 AM
Last Modified: 7/18/2009  4:14 AM

"The Holly Corp. and Sinclair Oil Co. refineries in west Tulsa both are moving ahead with plans for environmental upgrades, but Sinclair's heralded $1 billion expansion will not happen soon, officials said Friday.

Sinclair's two-year growth project is shelved indefinitely because of "external economics," company spokesman John Goodwin said. Giant coke drums shipped from Japan will remain at the Tulsa Port of Catoosa until new work begins.

"It hasn't been canceled, but it's on hold," Goodwin said.

The refinery will continue with other environmental improvements required by a federal court settlement. Sinclair must spend millions to reduce emissions, according to reports.

"We've done quite a bit of work relative to the environmental compliance," Goodwin said. "I think we're regularly moving along."

Sinclair Tulsa Refining Co. announced its $1 billion expansion in 2007, saying it planned to increase daily capacity from the current 65,000 barrels, add employees and decrease air pollution. The company has raised its work-force level to about 300 from 200 two years ago and had begun some engineering work before putting the expansion on hold.

The expansion might have provided 1,500 temporary construction jobs as well as having a trickle-down effect on other area businesses.

Holly Corp. says it will begin its $150 million upgrade of the former Sunoco plant with some engineering work this year. "

Betcha TW gets an internet trickle down effect which ends in chapter 11.

[FOTD]

WOW! COULD SINKCLEARAIR be readying itself to go out of business? So, they were lying bastards all along.

They'd have to give away this liability.

Sinclair may want to sell its refinery
The west Tulsa plant's $1 billion expansion is on hold, and industry reports suggest sale inquiries.

http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20090723_49_E1_Geesew923563


Holly envioronmental cleanup, Batman!

[Conan71]

These companies are liars and cheats....Tulsa's worst corporate citizens....told ya so. The worst part is TW buys into their crap and fails to ask the right questions.

http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20090718_49_E1_Snlius234740

Sinclair expansion on hold
Both Holly Corp. and Sinclair Oil go forward with environmental upgrades at their Tulsa refineries.

By ROD WALTON World Staff Writer
Published: 7/18/2009  2:24 AM
Last Modified: 7/18/2009  4:14 AM

"The Holly Corp. and Sinclair Oil Co. refineries in west Tulsa both are moving ahead with plans for environmental upgrades, but Sinclair's heralded $1 billion expansion will not happen soon, officials said Friday.

Sinclair's two-year growth project is shelved indefinitely because of "external economics," company spokesman John Goodwin said. Giant coke drums shipped from Japan will remain at the Tulsa Port of Catoosa until new work begins.

"It hasn't been canceled, but it's on hold," Goodwin said.

The refinery will continue with other environmental improvements required by a federal court settlement. Sinclair must spend millions to reduce emissions, according to reports.

"We've done quite a bit of work relative to the environmental compliance," Goodwin said. "I think we're regularly moving along."

Sinclair Tulsa Refining Co. announced its $1 billion expansion in 2007, saying it planned to increase daily capacity from the current 65,000 barrels, add employees and decrease air pollution. The company has raised its work-force level to about 300 from 200 two years ago and had begun some engineering work before putting the expansion on hold.

The expansion might have provided 1,500 temporary construction jobs as well as having a trickle-down effect on other area businesses.

Holly Corp. says it will begin its $150 million upgrade of the former Sunoco plant with some engineering work this year. "

Betcha TW gets an internet trickle down effect which ends in chapter 11.

They are doing the environmental upgrades as promised and continue to employ hundreds of Tulsans in good paying jobs.  So what's your issue?

Liars and cheats?  Seen the price of oil lately?  No wonder the expansion is on hold.  Sometimes I think you have a great in-depth knowledge of economics and other times is as if you can't even grasp the basics of it.

[Breadburner]

How many times have you slept with President Obama?  Man you got a bad case of Obama Apology Syndrome.  It's very contagious and spread by spooning with him.

He moved past spooning to forking a long time ago....

[FOTD]

Your illusionary idea of a good corporate citizen is amusing.

Sorry Conman. This is one company Tulsan's would be better without, jobs or no jobs.

Their negative distribution of carbon into our lungs is far worse than what they hand out in "wages".

But you can breath deep.

[FOTD]

Refining Keeps Drying Up

http://www.fool.com/investing/international/2009/07/27/refining-keeps-drying-up.aspx

"You would think all of these closures would give a boost to Holly (NYSE: HOC) and other companies that can afford to keep their refineries up and running -- and that is a quite possible outcome."

Get ready for some gasoline inflation...while everything else deflates. They will be processing more gasoline while lowering their so-called "upgrade" priority. Stinky.

Cost benefit analysis tells me this company is doing more harm than good for our most beautiful city.

[FOTD]

Environmental upgrades my donkey.

"The former Sunoco Inc. refinery, which Dallas-based Holly took possession of on June 1, will increase daily output to 75,000 barrels by September, spokesman M. Neale Hickerson said. The higher volumes result from a combination of better refining margins and Sunoco's slimmer planning and purchasing schedule in its last month of ownership...We've just been ramping up,"

cough cough...breathe deep when you breathe ...breathe deep.

http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20090814_49_E3_HollyC480522

"The refinery's last major maintenance turnaround was in 2007, so the next scheduled stoppage won't happen until 2012."

This is weird. We can sit here and watch these stories unfold and illustrate how the local media continues to buy into corporate greed and lies over time. We can also see what a nasty corporate citizen these stinky, unclean, and poisonous facilities do for our chity and their intention to deceive the government and the people.

CoCo....it appears they are not doing environmental upgrades as you stated....don't be a fool.

[Conan71]

I didn't say anything about the Holly/Sunoco refinery and enviro upgrades, other than Holly buying them that was going to save Sunoco from paying about $1bln or so in clean-up costs if it ever shut down.  That was the Sinclair refinery down the block.

If you think you hate the refineries now, just wait until the day they are shut down and there's masses of rusting rotted junk sitting on the riverbanks for years while they try and coordinate clean-up efforts and deal with all the red tape of that.  If anyone doubts me, dig back to the refinery closure on Hwy 75 as you are headed south into Okmulgee.  That place rusted forever before they started the clean up and the clean up took forever even after all the equipment was removed.