Forum Discussion
DelCamper
Oct 05, 2012Explorer
No one cared for the last few years when refinery margins were below break even and many refineries closed and laid off their workforce. Refinery stocks dropped like a rock.
If the margins stay up they will reinvest in the previously shut down idle capacity. You don't make more of a product then you can sell at a profit and you don't make less either.
Maybe the government can manage it all for us. Their track record is outstanding. In the three years before closing many politicians wanted to invest tax money in additional refining capacity that would have hit line just in time to not be needed.
The US refines oil most efficiently. I seen it with almost 30 years in the field.
If the margins stay up they will reinvest in the previously shut down idle capacity. You don't make more of a product then you can sell at a profit and you don't make less either.
Maybe the government can manage it all for us. Their track record is outstanding. In the three years before closing many politicians wanted to invest tax money in additional refining capacity that would have hit line just in time to not be needed.
The US refines oil most efficiently. I seen it with almost 30 years in the field.
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