oldfolkdancer

U.S. Refiners Squeezed by Collapse in Crude Oil Discounts

I'm long on VLO. When people look at Valero they only see a crude refiner. They are also the largest US retailer now. Their retail outlets are combined with convenience stores selling basics. There is a wind farm in the works which will be subsidized. Rather than fighting government regulations they go along with them. Management feels ethanol blending is here to stay so they bought ethanol processors at fire sale prices.
How many people do you know that drive battery operated cars?