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Valero can't pay it's bills? Poor little Multi Billion $$$ Oil Companies.
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JonSCKs
Posted 3/26/2020 09:54 (#8140030)
Subject: Valero can't pay it's bills? Poor little Multi Billion $$$ Oil Companies.


Golly of all the ethanol plants out there... Why is an Oil Company the first to say it can't pay it's bills?

https://www.agra-net.com/agra/world-ethanol-and-biofuels-report/analysis/company/united-states---valero-shuts-ethanol-plants-declares-force-majeure-due-to-virus--1.htm

Is Valero in Trouble?

http://www.investorvalero.com/financial-information/annual-reports

(
skipping past the "Stewardship and Responsibility report.. http://www.investorvalero.com/static-files/81cd437e-c575-4c5a-98a4-c69a41baf71d 


Guess that's worth toilet paper..


They made.. http://www.investorvalero.com/static-files/fb83f183-2552-41ac-ae52-5799da708ac1

$
4.5 Billion last year.. and now Crude is dirt cheap.. hmmm.. isn't that good for a refiner?

So.. Gasoline sales sucks..

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGFUPUS2&f=W

Weekly U.S. Product Supplied of Finished Motor Gasoline (Thousand Barrels per Day)
 
Year-MonthWeek 1Week 2Week 3Week 4Week 5
End DateValueEnd DateValueEnd DateValueEnd DateValueEnd DateValue
 2020-Jan01/03 8,133   01/10 8,558   01/17 8,662   01/24 8,793   01/31 8,933   
  2020-Feb02/07 8,722   02/14 8,918   02/21 9,035   02/28 9,186       
  2020-Mar03/06 9,449   03/13 9,696   03/20 8,837   

down 859 k bbls.. bummer.. kind of like the corn market.

Where as Ethanol blended..

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=w_epooxe_yir_nus_mbbld&f=w

Weekly U.S. Refiner and Blender Net Input of Fuel Ethanol (Thousand Barrels per Day)
 
Year-MonthWeek 1Week 2Week 3Week 4Week 5
End DateValueEnd DateValueEnd DateValueEnd DateValueEnd DateValue
 2020-Jan01/03 801   01/10 854   01/17 864   01/24 873   01/31 888   
  2020-Feb02/07 873   02/14 896   02/21 902   02/28 897       
  2020-Mar03/06 919   03/13 915   03/20 874           

is down.. 41 k bbls this week.. probably gonna be lower next week.. ??

Okay so EVERYONE is Shutting down.. (but some aren't paying their bills...???  poor little oil companies..)

How long can we go?

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPOOXE_SAE_NUS_MBBL&f=W

Weekly U.S. Ending Stocks of Fuel Ethanol (Thousand Barrels)
 

 

Year-MonthWeek 1Week 2Week 3Week 4Week 5
End DateValueEnd DateValueEnd DateValueEnd DateValueEnd DateValue
 2020-Jan01/03 22,462   01/10 23,006   01/17 24,031   01/24 24,244   01/31 23,474   
  2020-Feb02/07 24,358   02/14 24,781   02/21 24,718   02/28 24,964       
  2020-Mar03/06 24,334   03/13 24,598   03/20 24,140  

If we take production to Zero.. and stocks are 24,140 / 874 last week = 27.6 weeks before we Drain it all.

Which we also export and use ethanol for industrial purposes.. (yes including hand sanitizer.. ) the Actual IMPLIED Burn rate for last week per my spreadsheet was.. 1,070 k bbls

Thus 24,140 / 1,070 = 22.5 weeks.

So IF we are going to shut it down.. then Ethanol will start to rise in PRICE..

We have a RULING Which we will DEFEND!!  That ILLEGAL SMALL REFINERY EXEMPTIONS will STOP!!

Read that again.

So are we going to Allow the Poor Broke Oil Companies to Not follow through on THEIR OBLIGATIONS like the REST of US or NOT?!?

I guess if you don't steal more than $500 in San Francisco.. there's nothing the cops can do about it.. looks like the Oil Companies are taking notes.

Earth to the Oil Companies.. Do ya REALLY WANT THIS IMAGE now?

Venezula Nationalized it's Oil Companies...  hmmm..

What would President Bernie do?
or Biden..

or even Speaker Pelosi..??  She's railing right now on the telly how she's such a Savior for the Working man against those BIG EVIL CORPORATIONS..

Maybe ya'll better take stock of the Friends ya still got left..



Edited by JonSCKs 3/26/2020 10:04
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