Apr 23, 2013
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Lanceur
http://www.jb-photo.fr
http://www.facebook.com/JBPhotoJB
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It's a real long read. But for me it just clears up the reasons for why something so important can be so unprofitable.
To summarize:
Government mandated blending with vegetable oil/ethanol is silly and uneconomical.
EU legislation is very strict. Better off refining in India!
Refineries are out of date. They are configured for gasoline while diesel demand is increasing.
O'Malley Plans US IPO After Wrong Way Bet on Petroplus: Energy
February 05, 2012, 7:22 PM EST BofA’s Desoer Will Retire After Helping Guide Mortgage Overhaul Marathon Petroleum to Consider $ 6.2 Billion IPO of Pipelines Retirement Plans, Milan Probe, EU Cartel Fines: Compliance Platinum Suspends IPO After Seeking Sale at Twice Peers’ Value Hedge Funds Investing in Refineries Spurred by Fracking: Energy By Brian Swint [...] http://dlvr.it/19LDHm
La caída de la demanda de crudo lleva a Petroplus a la bancarrota. economia http://ping.fm/SNIMl
Petroplus : Hollande en appelle à la 'responsabilité' de l'État http://ow.ly/8iYBR @Fhollande @partisocialiste petroplus
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