Rodeo lost $116 million for the quarter despite running very well and at full capacity. When is this going to start paying off like "they" said it was going to?
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This is a failed strategy that we went all in on. Trump will lower all conventional fuel prices through supply. He has no value to support stupid business models, he wants reliable power as cheap as possible. Renewable is not that - not by a long shot. Subsidies will be dead, and with it, the stupidity that it makes possible.
So…we are sc--wed on this. The only saving grace is we are not farther along in more aggressive projects
It won’t. The size of the EE team needs to be reduced given the limited activity. No reason to have a $5+ MM EVP and multiple leaders group members when the business is really refining and given there are no real viable projects in the space.
The tax credits are the thing making that economically viable.
“ You figure trump is a big supporter of subsidies for green energy?”
Hes a big supporter of less regulations and homegrown energy.. not these d-mb blue states who tout electric and min wage amazon jobs
Renewable diesel is not a traditional fuel derived from crude oil and is in fact a green fuel that reduces greenhouse gases. So, Rodeo should be performing better now than under a different, less environmental friendly administration.
You figure trump is a big supporter of subsidies for green energy?
“When is this going to start paying off ”
Once trump gets re elected. Bidenomics doesnt work well for oil and gas
Should be throwing that money into nuclear energy.
Never will make a profit.
But using up the Chick-Fil-A oil is a good thing maybe California and the government will give us a rebate!