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Originally Posted by mdoyle
When P52 fully comes online in Brazil it will increase Brazil's total oil output by 10%, that's a hell of a lot of oil and should make a meaningful surge in supply.
But you and I won't see that reflected at the pumps, sorry to be a buzz kill.....
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Not having the ability to refine the oil is a major obstacle to lower prices in the West. If we can't refine our oil, then what we drill really doesn't matter.
Next time some eco-terrorist bitches about the price of gas, tell them to get off the backs of oil companies and let them build refineries.