They are blaming ethanol.. whereas others have noted.. Ethanol is Cheaper and higher Octane.. They didn't spend the $$$ to invest in blending money.. wanted to pay MORE for Rins.. "can't fix stupid."
As an East Coast Refiner were set up to IMPORT Brent.. which USED to be Cheaper.. Now it is NOT.. Thanks to US Shale..
Shale by Rail worked till they put pipelines in from the Bakken.. Now we EXPORT higher quality Shale Crude.. which means the East Coast Refinery boys can't buy a break..
"bummer" but it's NOT Ethanol's fault.. ESPECIALLY at $.50+ cheaper than RBOB to sell basically as RBOB..
"How do you go broke making $$$?"
So.. I don't know about all the conspiracy theory's below.. Rudolph Diesel done in..?? But..??? IDK..
"It's a BIG BOY game" with the Petroleum Industry.. so they are using "Big Boy" tactic's..
"way the game is played" I guess..
We Need to STAND OUR GROUND!!
and let OUR POLITICIANS KNOW that WE WILL NOT BE BULLIED!!
.. because WE WON'T!!
PES looks like a great place for a recreational park if they don't want to blend Ethanol.. who needs em? |