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We've got rigs sitting idle as is. This isn't a no-drilling problem.
This is more of a refinery capacity issue than drilling production
Pro
YUP = Young Urban Professional = yuppie. Imagine working at bcg and shaking your fists at yuppies but not even knowing what they are. Next time someone asks if they're good enough for MBB, I'll link this post
Hush, shortsighted one. Hopefully someone working for an allegedly prestigious firm like BCG would see how the oil companies have fabricated this whole mess.
Yes, correct, US gulf coast refined products prices on export parity pricing. However, most landlocked markets do not. There are many logistical constraints.
I don’t think I’d describe 2-3 refinery conversions as “a ton”, as they are also small, bottom Solomon quartile refineries.
Anyway, to summarize, there are many factors at play. The lack of investment and public policy change will be detrimental to the industry and consumers, especially with regards to the energy transition.
Chief
Never before has a job at BCG felt more obtainable.
Chief
Firstly, that’s a massive oversimplification of the problem. Secondly, for Christ’s sake you’d think working at a company that has such a large focus on Sustainability would allow you to have more nuance in your views beyond “omg those democrats”
Chief
Thank you for your truly global perspective 😂
OW1, get ready for this, you're gonna need to sit down... The way to alleviate is subsidies and regulation, aka big government.
Chief
Oh yes, because democrats are blocking future expansion all over the world and are driving up energy prices globally
man if anyone needed proof that prestige != intelligence, this is it 😂
Honestly how on the earth you work with us. Not only the over simplification but the lack of awareness of the difference btw the upstream and downstream in the oil industry and where the issue lies is mind boggling.
I truly hope you are not advising clients bc you are definitely a drag to the entire team with that kind of analysis
Try living in South Africa, energy prices here are sky rocketing and our national utility is just falling apart. But as they say cest la vie
Rising Star
I think you mean Hippies
How did you get into BCG?
Chief
Just willfully ignorant on this particular topic?
Rising Star
Someone has been watching the news and picked up a zinger! May I ask who you are parroting, OP?