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Nov 2, 2012
11/12
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the biggest one here in bayonne, still down. don't have power, although morton bouchard says they are likely to come back by the beginning of next week. some sources are hearing that they might come back even sooner. it doesn't appear that there is any physical damage. at least you can't see that here from the water. the terminals in long island are up. some of them with generator power. they are obtaining generator power. couple of boats in fact were moving -- don't mean to make you you sea sick but the tide is coming out so we're moving a little bit here on the boat. mr. bouchard saying in fact one of the tankers that was headed up to albany that he was manning diverted over to long island because the oil companies are working together to try to get oil where it's needed most first. terminals in brooklyn still not up as well. number of smaller terminals. it is all about maoer, gu epowe. that's definitely the issue as well for gasoline retailers. the sooner we get power, the sooner this bottleneck gets relieved out here. back t
the biggest one here in bayonne, still down. don't have power, although morton bouchard says they are likely to come back by the beginning of next week. some sources are hearing that they might come back even sooner. it doesn't appear that there is any physical damage. at least you can't see that here from the water. the terminals in long island are up. some of them with generator power. they are obtaining generator power. couple of boats in fact were moving -- don't mean to make you you sea...
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118
Nov 2, 2012
11/12
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the intt bayonne terminal. they do not have power. we spoke to pse&g. they still can't give us an estimate when power will return. this would normally be full of tankers offloading. in general there are some 15 tankers a day that come up this way. however, with no power, it is idle. we spoke with the ceo of bouchard transportation, one of the major barge and tanking companies here in the northeast. he says they are back with the harbor reopen at 40% or so capacity. they normally transport about 600,000 to 700,000 barrels a day of products here, diesel gasoline. but that has all been stopped. they are resuming power. they've been talking with the terminals. they've said by early next week that most of them will be back online here if they don't have major repairs to make. they expect that their own traffic will be up 90%. morton actually says that the oil companies are all working together to try to get products out here. one of his tankers that was supposed to go up to albany, the client said can you divert that over to long island. where he is himself,
the intt bayonne terminal. they do not have power. we spoke to pse&g. they still can't give us an estimate when power will return. this would normally be full of tankers offloading. in general there are some 15 tankers a day that come up this way. however, with no power, it is idle. we spoke with the ceo of bouchard transportation, one of the major barge and tanking companies here in the northeast. he says they are back with the harbor reopen at 40% or so capacity. they normally transport...
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97
Nov 5, 2012
11/12
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one terminal that did open over the weekend, very important, the imtt terminal in bayonne. it is important because it is so huge. it is like the size of two or three smaller terminals combined. but back to your other question, some these terminals will have to look at storm walls and that kind of protection the same way the entire new york city infrastructure will need to look at it. >> immediate to longer term, is there any way we can reduce our reliance on gasoline? i know we're a driving culture, but surely there are other ways for example taking away some of the price increase caps and just let those prices rise. >> well, right now in the short term, if you did have the ability to gouge, i'll use that word freely. if you have the ability to raise prices as high as you can you would do two things. first, there is a lot of talk out there about people panicking, topping off their tanks when they really don't need to, that sort of thing. if you have $6 or $7 gasoline that would end. it also creates an entrepreneurial opportunity to go with a $9,000 tank truck into harrisbur
one terminal that did open over the weekend, very important, the imtt terminal in bayonne. it is important because it is so huge. it is like the size of two or three smaller terminals combined. but back to your other question, some these terminals will have to look at storm walls and that kind of protection the same way the entire new york city infrastructure will need to look at it. >> immediate to longer term, is there any way we can reduce our reliance on gasoline? i know we're a...
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74
Nov 2, 2012
11/12
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>> reporter: scott, we're off the waters of bayonne. behind me is the imtt. it's a massive terminal here. hess also has a massive terminal here. normally these would be full at this hour with tankers offloading. the harbor here in new york was opened only yesterday, and so we are starting to see some tankers come up. we are working today with the folks at bashard transportation. they normally transport somewhere in the area of 600,000 to 700,000 barrels of product a day. six, seven tankers a day or so that come in here to imtt. they are starting to bring son-in-law up, at about 40% capacity today, but the problem is big terminals like this still don't have power, still aren't out. so even if you lift the jones act and allow other tankers to come in, until these terminals get power to start pumping that gasoline and other products, it's really going to just cause another bottle neck on the water rather than at these terminals. the one thing that people are waiting for is for that power to come back. we did contact imtt. they're not making any statements at thi
>> reporter: scott, we're off the waters of bayonne. behind me is the imtt. it's a massive terminal here. hess also has a massive terminal here. normally these would be full at this hour with tankers offloading. the harbor here in new york was opened only yesterday, and so we are starting to see some tankers come up. we are working today with the folks at bashard transportation. they normally transport somewhere in the area of 600,000 to 700,000 barrels of product a day. six, seven...
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>> well the terminals in new york harbor, beautiful places like bayonne and linden, were hit hardest.ldn't pick up fuel. then in south jersey you can get gasoline from delaware, to philadelphia, from places in south jersey on the delaware river. those terminals opened sooner. we're getting a little more restoration on the power side in some of the nonbarrier island communities. tracy: yeah. it is slow, let me tell you, painfully slow. i know the refinery in port reading, new jersey, has partial power. that is helpful for us in north jersey and new york but the lines, i have a friend got up on 3:00 in the morning on saturday. the gas station didn't open until six. he was 30 cars back at that home moment. you're telling me this same saturday you will not have the problem? >> absolutely. just as governor christie said. we have a unique population in new jersey very demanding and not necessarily very patient. to a certain extent there has been a little bit of a panic. there is plenty of gasoline in storage. it just needs to be access thanks to electricity. if anything i think we'll suffer
>> well the terminals in new york harbor, beautiful places like bayonne and linden, were hit hardest.ldn't pick up fuel. then in south jersey you can get gasoline from delaware, to philadelphia, from places in south jersey on the delaware river. those terminals opened sooner. we're getting a little more restoration on the power side in some of the nonbarrier island communities. tracy: yeah. it is slow, let me tell you, painfully slow. i know the refinery in port reading, new jersey, has...