internal documents expose Big Oil
Reply to: comm-674383912@craigslist.org
Date: 2008-05-09, 11:59AM PDT
Texaco internal memo March 1996
"As observed over the last few years and projected well into the future the most critical factor facing the refining industry on the West Coast is the surplus refining capacity. (The same situation exists for the entire US refining industry) Supply significantly exceeds demand year-round. This results in very poor refining margins and very poor refinery financial results. Significant events need to occur to assist in reducing supplies or increasing the demand for gasoline. One example of a significant event would be the elimination of mandates for oxygenate addition to gasoline. Given a choice oxygenate usage would go down and gasolines supplies would go down accordingly. (Much effort is being exerted to see that this happens in the Pacific Northwest)
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