Industry best refineries capable of handling sour/heavy crude - pay attention to the fact there is a worldwide SHORTAGE of sulfur - needed in medicines, agriculture fertilizers, etc ... and VLO cashes in there too. In a world of PEAK OIL ... VLO is a… More
Valero is a "merchant refiner." This means that it is not a fully integrated oil company with significant stake in proved oil reserves - rather, it is at the mercy of the marketplace for buying its crude feedstock. When refining margins are… More