Oil stashes, and recent price increases

Status
Not open for further replies.

Tim

Joined
Mar 15, 2003
Messages
828
Location
TX
And it seems like I hear about a new refinery fire/explosion somewhere in the world every week.
 
Joined
Feb 9, 2006
Messages
6,902
Location
Louisiana
LOL, I read that yesterday and thought the same thing. Changing oil specs be ****ed. I may not be able to afford to change my oil in 2 years!
 
Joined
Jan 16, 2003
Messages
4,478
Location
Southern California
EM will be closing their Group I terminal in San Pedro, California when existing stocks are depleted. Chevron has declared <i>force majeure</i> and will be limiting allocations of Group II and Group III base stocks. Things are getting worse, not better, post Katrina. Europe's having some supply problems, too. But, the good news is that EM posted a net-income of nearly $10,000,000,000.00 for calendar year 2005! Geez, that makes me feel a whole lot better!
 
Joined
Apr 29, 2003
Messages
1,190
Location
Southern Vermont
No,, that was $10 billion for the fourth quarter of 2005. ExxonMobil's profit for the entire year of 2005 was over $30 billion.
 
Status
Not open for further replies.
Top