Oil Refining
topic on 3 shows · 4 statements across 3 episodes
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the Green Blueprint
4 statements about Oil Refining, every show
Parrish: Refiners controlled the strategic choke point between crude supply and consumer demand
“The refiner had control sitting at the choke point between the raw material and the customer.”
Early oil refineries cost about $1,000 to start with minimal staff
“So when he gets into the oil refining business, it has no barriers to entry costs about a thousand dollars to start a refinery and only requires a few people to run it.”
Shipping oil initially cost more than refining it
“It costs more to ship a barrel of oil than to refine it.”