Its unclear what the magnitude of this story will be, though oil markets did spike when this was announced on Friday. No new news on wires in over 12 hours, though Bloomberg is reporting that the 'point of no return' is now 4/24-4/25. Is it possible that this is political cover for emergency maintenance or some such? Is this linked to financial situation re: pensions? Anyone with insight or updates, please comment.

An article by the Daily Mail points to a row over pensions ...

Up to 1,200 employees at the Ineos refinery will walk out on April 27 and 28 in a row over pensions.

The article goes on to say Ineos has already started shutting down the Grangemouth refinery.

In Scotland, Ineos warned that it had started shutting down the refinery at Grangemouth so that it is safe during the strike.

This would effectively close it for a month.

I spoke with our UNITE union rep (I'm an engineer in Scotland)and it is a genuine grievance.

Marco.

Marco,

You wouldn't expect the union to say anything different would you? And of course the company will say they are behaving perfectly reasonably. Perhaps we should see if both sides are willing to go to binding arbitration where the only option is complete acceptance of one side or the other, i.e. no meet in the middle compromises, winner take all:-)

Uh-oh, the government said to remain calm. Now we're really in trouble.