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The Round Table
a shortage of oil refineries creating low supply
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<blockquote data-quote="Zeno Marx" data-source="post: 576932" data-attributes="member: 1211"><p><h3>The second quarter in a row with record profits, and at the same time, oil production fell.</h3><h3>Big oil's quarterly profits hit record $50 billion, with BP yet to come</h3><p>[URL unfurl="true"]https://www.reuters.com/business/energy/big-oils-q2-profits-hit-record-50-bln-with-bp-yet-come-2022-07-29/[/URL]</p><p></p><p>"Companies are prioritizing returning cash to investors rather than investing in new oil and gas production, and keeping their eye on capital discipline and the long-term shift to low carbon energy."</p></blockquote><p></p>
[QUOTE="Zeno Marx, post: 576932, member: 1211"] [HEADING=2]The second quarter in a row with record profits, and at the same time, oil production fell.[/HEADING] [HEADING=2]Big oil's quarterly profits hit record $50 billion, with BP yet to come[/HEADING] [URL unfurl="true"]https://www.reuters.com/business/energy/big-oils-q2-profits-hit-record-50-bln-with-bp-yet-come-2022-07-29/[/URL] "Companies are prioritizing returning cash to investors rather than investing in new oil and gas production, and keeping their eye on capital discipline and the long-term shift to low carbon energy." [/QUOTE]
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a shortage of oil refineries creating low supply
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