Did Exon Ink A deal for the Hovensa plant?
No problem. I'm just trying to be fair.I didn't start this on the Relocating thread, I was only responding to another rumor.
No Facebook for me. I've managed to do without it.
Julie, how old are those reports? It's not fair to report on one side only
and make no mention of the actions that were taken to stop the leaks.
Yes, there were leaks. They were stopped. Aquafer clean up continues.
From the EPA:
since 1994 has been implementing a recurring program of pressure testing, and repair or replacement of all underground process sewers and hydrocarbon pipelines, as well a recurring program of internal inspection and testing of all hydrocarbon storage tanks at the facility, in order to prevent future underground releases.
A major facility-wide Interim Corrective Measure (ICM), referred to as the "Hydrocarbon Recovery Project" (HRP), is on-going, under requirements of the facility’s RCRA permit. Based on the most recent semi-annual corrective action status report (February 2012), through December 31, 2011 a cumulative total of 43.212 million gallons of PSPH have been recovered from the groundwater under HOVENSA and recycled back into the facility's process stream. This represents a recovery of an estimated 99% of the PSPH which was indicated to have been released to the groundwater, through slow leaks and other release over time, from storage and process areas, as well as the underground “oily-water” sewer system. Based on the most current estimates made by HOVENSA (as of December 31, 2011), only approximately 306,000 gallons of recoverable PSPH still remain on the groundwater underlying the facility.
HOVENSA has acceptably demonstrated to EPA, by groundwater modeling studies and monitoring well data, that the hydrocarbon recovery system maintains hydraulic control along the boundaries of the facility, and prevents off-site migration of not only underground oil, but also any dissolved constituent plumes in the groundwater itself. The hydraulic control is continuously maintained and monitored.
Thank you. Someone who actually reads the reports.
You mean that the Hovensa 4th agreement is not another DeJongh scam? Hovensa did not need the 4the agreement to sell the plant. They needed it to release them from the hundreds of millions of dollars per year in breach fees and property taxes. They needed the agreement to be able to operate a stand alone storage terminal which is what they really want to do.
I will be pleasantly surprised if the plant ever sells. Remember, there is $700million dollars worth of EPA fines that will belong to the new owners.
Those of you who hope Stx will recover, keep waiting. The Diageo deal followed by the matching Cruzan deal has collapsed the government. Even Puerto Rico is close to becoming a failed state with their bonding ability in Junk status. And our bonding ability is maxed because of a net decrease in rum revenue thanks to the financial "guru" in government house that negotiated a 45% cover over give away! Geez. If we settled on 45%, what was their opening price. And what crazy codicil John negotiated that has us supplying almost all the molasses for overseas sale for which we get no cover over. Ok, irrelevant right? No. Because the same governor negotiated the Hovensa agreement, which means that their release from financial liability if the delay a sale, means that HOVENSA PROFITS IF THEY DO NOT SELL.
So keep dreaming Stx. The emperor is naked and the plant will not sell. Oil is out of style. It is expensive to refine. And Hovensa was getting killed with their internal LEAC. Too bad they didn't get John to build them a plant like he built for Diageo on your taxes.
And when Castro dies and the embargo ends and every tourist leaves stt for Cuba, the final nail will be in the coffin. So hope for the best, you deJongh suckers, but prepare for the worst.
There is no 700 million $ fine. That amt was the projected cost of bringing certain units up to current air emission standards to continue refining. Since HOV is no longer refining ...
In other words, it is not grinding an axe to say that if the plant sells for the purpose of refining, the new owners will have to spend $700 miion dollars to bring it up to snuff. Thanks for confirming this inexorable truth which by what you say isn't a fallacy.
What is the other "fallacy"? Please tell. I would like to be wrong.
And I am not anti-government; I am just honest about how disastrous the Diageo deal that deJongh negotiated was. It is actually because I am pro-government, because the government is us. Maybe the pieces of road you drive on have no potholes, or your kWh rate for energy is 15 cents, or your gross receipts taxes didn't go up. Yeh, I have an axe to grind. If I could only afford to plug in the axe grinder.
IMHO, this whole idea of Hovensa being "purchased" by Exxon-Mobil or anybody, should be taken with a grain of salt... I lost count of how many times I've posted that... God knows I would love to see the place re-open so that I get the chance to go back and continue/finish what I started... I can't comment no more... but, here is the link to the article in the St. Croix Source regarding the fine and the amount for upgrades...
P.S. If the St Croix Avis broke out the news about the refinery clousure before Hovensa and the government confirmed it, wouldn't you think that they would have also gone out in the open with news about a buyer?
Is it unrealistic to imagine with regards to Hovensa the following;
a. Hovensa is donated to a "Non Profit' "Employee Owned" trust and operated at break even or profit for the benefit of VI's?
b. Hovensa, by itself, could be operated by the (a) trust at a break even or profit? NOT GOV'T OWNED!
c. Fuel generated by Hovensa is used to reduce the overhead of WAPA hopefully reducing cost to islanders?
d. The power generating plant in Hovensa is used to the benefit of islanders or reducing overall costs?
e. Any and all profits are distributed to the trust first and then to charities or benefit of islanders?
f. Decision is made to sell off portions, redefine port operations etc. to the benefit of islanders in the VI?
g. EPA reduces or bends on conditions to aid islanders and trust? Tax benefit to Hess? Venz. may have to be paid a portion or some arrangement?
I wonder if this could be accomplished by the islanders? I am not smoking weed this morning or taking drugs..........YET!
$700 million is peanuts to Exxon.
700m is indeed "peanuts" ; however, what benefit does/will Exxon see in this plant? I sure don't know.
There was a [URL="http://blogs.law.harvard.edu/abinazir/2011/06/15/what-are-chances-you-would-be-born/"]1: 400,000,000,000,000[/URL] chance of you being born: what have you done with your miraculous life today?