“Nobody’s Talking About This ‘Major Crisis’: Global Diesel Shortage Gets Worse | Paul Sankey”
Valero is very bullish even at $400/share due to enormous profits from staying in refining; main risk is government intervention (e.g., export bans) targeting their cash pile.
yeah, the whisper on that seems to be that they would restart Benicia perhaps the Valero refinery uh which was you know regulated out of out of uh operation only in the last year. uh Valera finally capitulated right before this latest crisis actually but you know it was nothing to do with the crisis it just was a bad economic place to operate in California and California has really caused its own problems in a lot of ways so it could be restarting Benicia