logoalt Hacker News

fpolingtoday at 2:18 PM1 replyview on HN

Refineries in US are making even bigger profits. They even skip on maintenance running at 95% capacity non-stop.


Replies

bluGilltoday at 3:23 PM

For now. They are well aware of the long picture. They know how long they can risk doing without maintenance, and will do it eventually. They are also well aware that EVs are coming and high fuel prices hurt them long term because people will switch and not come back.

Someone else suggested they see $85/bbl as the ideal price. I don't know if that is true, but it seems reasonable.

show 1 reply