The refinery has been a mediocre investment as are most refineries.>> It’s in my back yard and that is true and the industry is over regulated. They can’t do incremental upgrades, all or nothing. And it is a tidy property to boot. You would think it was a garden plot when you go by.
“”””The refinery has been a mediocre investment as are most refineries.>> It’s in my back yard and that is true and the industry is over regulated. They can’t do incremental upgrades, all or nothing. And it is a tidy property to boot. You would think it was a garden plot when you go by.””””
I agree. If you read the oil company annual reports you will see that the BIG money is being made in the production of crude oil and natural gas.
The refining and marketing side of the oil company business is only making a small profit and many times refining and marketing is a loss.