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The oil industry is replete with new successful companies

Posted on: October 13, 2022 at 11:11:57 CT
KC rules MU
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You may not see them being marketed on the street as a brand but you are buying their products each time you go to the gas station. At the same time, if you go to some stations, you are actually buying a brand of a company that no longer exists.

Most new successful companies are on the upstream side of the business. Those start ups generally don't require the capital outlay it takes to create the economy of scale needed by a refinery.
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But, of course - Ace AU - 10/13 09:23:13
     No correlation to production and gas prices - JayHoaxH8r MU - 10/13 09:30:22
          increase in demand following the pandemic lockdowns - ashtray UF - 10/13 09:34:18
               I'd have to see the demand chart - JayHoaxH8r MU - 10/13 09:37:19
                    they haven't stayed elevated - ashtray UF - 10/13 09:41:59
                         and gas prices? - JayHoaxH8r MU - 10/13 09:42:49
                              price of oil is only one factor in gas prices - ashtray UF - 10/13 09:43:27
                                   The number one factor is profit - JayHoaxH8r MU - 10/13 09:46:09
                                        no, they really can't - ashtray UF - 10/13 09:55:43
                                             There isn't competition - JayHoaxH8r MU - 10/13 10:06:55
                                                  mobil, exxon, shell, bp, sunoco, hess, etc... - ashtray UF - 10/13 10:22:17
                                                       Not really - JayHoaxH8r MU - 10/13 10:23:49
                                                            so you're position is that those companies don't - ashtray UF - 10/13 10:25:16
                                                                 Don't see any of them going WalMart mode - JayHoaxH8r MU - 10/13 10:26:44
                                                                      Standard Oil used to do that - ashtray UF - 10/13 10:29:42
                                                                           the difference now is - JayHoaxH8r MU - 10/13 10:31:36
                                                                                The oil industry is replete with new successful companies - KC rules MU - 10/13 11:11:57
                                                                                     I wondered about that. - JayHoaxH8r MU - 10/13 11:13:55
                                                                                          RE: I wondered about that. - KC rules MU - 10/13 11:31:27
                                                                                when was the last truly 'new' cell phone maker that - ashtray UF - 10/13 10:38:34
                                                                                     That's kind of the point - JayHoaxH8r MU - 10/13 10:45:43
                                                                                          they would have to collude to do that - ashtray UF - 10/13 11:13:02
                                                                                               That's fair. I suppose that if a small startup - JayHoaxH8r MU - 10/13 11:14:42
                                        RE: The number one factor is profit - Catturd USMC - 10/13 09:55:02
                                             They never applied to build new ones under GOP admins - JayHoaxH8r MU - 10/13 09:55:36
     That chart shows US oil production under Biden is down from - TigerMatt STL - 10/13 09:29:20
     You were gone for a while and people quit mobbing you. - Tigrrrr! MU - 10/13 09:26:51




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