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re: Oil is up nearly 70% since the election, a record in the modern era
Posted on 2/28/21 at 12:54 am to Zahrim
Posted on 2/28/21 at 12:54 am to Zahrim
quote:
Valero is cutting production this week. you have been forewarned, gas prices gona jump hard and supply gona drop
Since it doesn't own any oilfields, you must mean its refining capacity.
Meanwhile a new refinery was built in Galveston last year. Small at 50,000 BPD but still
2
Posted on 2/28/21 at 2:38 am to CitizenK
quote:
Meanwhile a new refinery was built in Galveston last year. Small at 50,000 BPD but still
Meanwhile, hundreds got pink slips at Shell Convent this year. Taking out over 200k bpd refining capacity in the gulf region, small, but still...
Posted on 2/28/21 at 11:01 am to CitizenK
I wonder tho, what the “happy medium” price point is for oil and gas dependent economies like Texas and Louisiana?
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