"Refinery constraints"? ROFLMAO!!!!

[DudleySmith]

There were some independents shut down, but the majors shut some down too.

The thought is that renewables is going to reduce demand. It's always a last-man-standing game.

I suspect Exxon is exporting a lot of it's produciton.

All of the Big Five admitted they were cutting back in order to hand out large dividends, not because of Biden or anything else. Shareholders demanded they do so. The only company to lose money was BP, and that was because of some bad guesses in the futures markets. We pay more for natural gas now because Europe and Asia will pay more than we do, not because of any fake shortage' here.

 

[HikerGuy83]

All of the Big Five admitted they were cutting back in order to hand out large dividends, not because of Biden or anything else. Shareholders demanded they do so. The only company to lose money was BP, and that was because of some bad guesses in the futures markets. We pay more for natural gas now because Europe and Asia will pay more than we do, not because of any fake shortage' here.

It's a balancing act. If you cut back, you reduce volume. Refineries generally make their money on volume.

In today's market, it depends on where you are.

Renewables are also having an impact.

 

[DudleySmith]

It's a balancing act. If you cut back, you reduce volume. Refineries generally make their money on volume.

In today's market, it depends on where you are.

Renewables are also having an impact.

It's called market rigging; no competition means much nigher prices. As much as the right snivels, the last thing they want is truly free markets. and competition.