WTF are you talking about?
the refinery markup is at least 75 cents.
Profit margin of these companies run 10% including crude oil production.
“WTF are you talking about?
the refinery markup is at least 75 cents?”
According to EIA, TOTAL refining COSTS & PROFITS amount to less than 20% a gallon.
Now if you are smarter than the EIA and know something they don’t;
please share your wisdom with us all.
“WTF are you talking about?
the refinery markup is at least 75 cents.”
BINGO! Two problems:
1) Supply and Demand, India and China
2) Refinery capacity
How do you solve these two problems? Build competing energy products and vehicles. Competing products is happening faster then most people think because we are in the information age and major investors are linking in smaller investors to create this new market. Government can further help but won’t, too many conflicting interests.