re: Oil is up nearly 70% since the election, a record in the modern era

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Meanwhile, hundreds got pink slips at Shell Convent this year. Taking out over 200k bpd refining capacity in the gulf region, small, but still...

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that is as much about Shell no longer being a great company as it once was, in production and refining, than anything else.

FWIW, Shell is the only oil company support the Red Rock venture in Lakeview, WA in a wood to fuels plant. The really funny thing about this, the plant is using GTL reactors from Velocys. Velocys has never had a successful installation of its microchannel GTL reactors. A once dominant small refining EPC firm, Ventech, went belly up by hitching itself to Velocys, a UK based company backed by a Russian Oligarch.