Quoting Removed, click Modern View to see Of course the oil companies are trying to please shareholders. They try to balance production against cost. In one sense, if you don't produce it today, you can never get that lost production back. They have to produce enough to pay for ongoing operations.
Refineries are a little different, they have to run at a loss because shutting down means even bigger losses. For an integrated oil company it's OK, losses in refining is usually made up in production. A company that only refines with no production is hung out to dry when the price of crude makes it impossible for them to make a profit. With low crude, the refiners are swimming in cash. It's a dog eat dog world, much as everyone would like to think Mr. Big is pulling the strings somewhere. Each oil company or refiner is eager to cut the other guys throat. Sometimes consumer win and sometimes they lose.
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Today's Featured Article - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want � unless you own a monster tractor. U
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