Well, I'll speak as a transaction guy, basically out of ignorance more than anything else, but I've been around it a bit. This is a pretty significant turnaround. My belief, based on hearing the Shell people and hearing our own Delek people, is that you can't get the equipment before the winter. That's a problem. What you're facing is probably trying to do this turnaround in the spring. The last thing you want is material in the refinery turning to gel during the wintertime, when you can't get the kinds of people you need in there to do the work, to do the turnaround, and so forth.
I mean, what you would do is you would sit down with a bunch of engineers and business people and start talking about what we can do here. Do we mothball this facility? Do we close it? Do we go ahead and clean it out and do those things that are necessary, and start ordering the equipment, to get ready to do that turnaround in the spring? Do we do the turnaround and say, “Shell, you crank the plant back up; if it runs, we'll fund”?
There's a lot of “ifs” there. It would take some exploration of options. Again, I'm not a specialist on turnarounds, and I haven't looked at a lot of detail, nor have our engineers. But to my mind, you're likely talking about having to try to keep employees and customers in place for six months or so. I think Shell used that number of months. I think they used the number three to six months, and I wouldn't disagree with that.
