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Just because a blindfolded drunk can cross Westheimer Road unharmed in the middle of traffic once doesn't mean he can do it again, Hirs said.
– Ed Hirs
Quotes from the news wire:
What the EPA did was issue a security and potentially conveyed a material advantage to these refiners without notifying the market.
They are using shareholder money to subsidize the other airlines.
Disagreements among parties in supply contracts are not uncommon, but we don't typically see these conflicts out in the open, that's why these contracts call for disputes to go to arbitration, keeping it out of public view.
If you were the last one to build a pipeline in the Bakken or the last guy to build a processing area in the Eagle Ford, it could be painful, if your producer goes bankrupt, then the court can reject the contract.
Simply producing jet fuel was not going to be the way they were going to make profits. They have to be an autonomous refinery.
They have become a merchant refinery.
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"Ed Hirs Quotes." Quotes.net. STANDS4 LLC, 2021. Web. 28 Jan. 2021. <https://www.quotes.net/authors/Ed+Hirs+Quotes>.