I had to laugh at this quote from your link Rufus.
"That's a lot of money to ask from an industry that can't afford to pay its own expenses, much less a $10 tax."
Does the commenter not know that the consumers of the refined oil products will be paying the tax ?
Calif. now has a carbon...
You still seem confused about the tax. The tax is on any barrel of oil that goes to a U.S. refinery. It doesn't matter if the oil is domestic light crude oil or imported heavy crude oil. The refineries are constructed to run the most efficient on a mix of light and heavy crude oils. The tax...
I hope you are feeling better.
Remember you did ask for opinions.
Companies go through bankruptcies all the time. In boom times they popup like weeds, in bust times they drop like flies. The U.S. oil industry has been through boom and bust cycles time and time again. None of the bankruptcies...
I'm always amazed the general public's lack of understanding of the oil industry. Other than corporate profits, nothing changes. The Chinese produce the oil and it is sold to a gatherer operating in the region (Conoco Phillips, ExxonMobil, Sunoco, Chevron to name a few of the larger). The...