Exxon is getting out of refining (or has cut back it's asset base). Most people see refining as a loser.
Exxon focuses on E&P. When oil prices go up, the cost to get at it does not....so why would you expect them not to make a fortune ?
yep going to offshore our refining. We already import refined petro products.
Make us more dependent on other countries for our energy.
That is a great long term plan.
And Ohh yes I expect any corporation to do that if we let them.
They will maximize profits thru any means we let them get away with.
We don't let them get away with anything. They do what they think is best.
Have you noticed how we treat the refining industry in this country. If you don't know....get educated.
It is our own fault for being so dependent.
Are you aware of the shutdowns on the east coast. And I recently heard that Hovensa is shutting down St. Croix. That is a 1/2 milliion BPD refinery.
The long term plan is what we have been pushing as a people for a long long time.
You don't like what "we" are doing ?
It is cheaper to refine oil outside the USA.
We need to remove pollution restrictions and cut worker pay by 75% to become competitive in this global economy.