Originally Posted by
SideStickMonkey
Again, I’m talking refining capacity. Not rigs, not oil reserves, refineries.
Take a look how all the big oil companies have or are getting the refineries off their books.
Like ESG isn’t a talking point? Another boogeyman to be scared of.
Sorry, I went to college 25 years ago and was an engineer.
Refinery capacity has decreased leading to higher crack spreads but pretty minor in the grand scheme of oil supply constraints