DOTR
Gold Member
- Oct 24, 2016
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I work for a large refinery. Large enough to cause price swings when we shift gears. Half a million bbls a day. We got orders today to prepare for shutting 1/3 of our units down Monday morning. Its a huge undertaking and mothballing them means the outlook is pretty bleak for the immediate future. Its never been done in my career of 25 years. The immediate problem is storage. There is simply no place to put refined products at the moment.
Lost in the Covid hoaxing and opportunism is the blow we took when Saudi Arabia and Russia opened the spigots beginning March 8th. This after years of Russian/Democrat attacks on the US oil industry and separate Saudi attempts to take out frackers. China benefits from green energy hoaxes as well. Add to that the government ordered shutdown of the economy and we are beginning to see structural damage as well as cyclical.
The ones who dont worry are the constituency who dont work. They think the government checks will come no matter what the economy and they have been at war with productive workers for years anyhow. To move people who want to work onto relief checks is the great equalizing they have been looking for.
Lost in the Covid hoaxing and opportunism is the blow we took when Saudi Arabia and Russia opened the spigots beginning March 8th. This after years of Russian/Democrat attacks on the US oil industry and separate Saudi attempts to take out frackers. China benefits from green energy hoaxes as well. Add to that the government ordered shutdown of the economy and we are beginning to see structural damage as well as cyclical.
The ones who dont worry are the constituency who dont work. They think the government checks will come no matter what the economy and they have been at war with productive workers for years anyhow. To move people who want to work onto relief checks is the great equalizing they have been looking for.