Commentary There are two aspects of the climate policies coming out of Washington and various state capitals that trouble me. The first is that officials set ostensivsely arbitrary and ambitious deadlines with little evidence they can be achieved. I’m always stunned that politicians can march before the microphones and boldly state that “by 2030, we will…
US Oil Refiners Set for Worst Earnings Quarter of the Pandemic
NEW YORK—U.S. refiners are girding for a painful slate of fourth-quarter earnings, reflecting the pressure of rising crude prices, weak demand due to renewed COVID-19 travel restrictions, and higher costs of associated with blending of renewable fuels into their products. Seven U.S. independent refiners are projected to post an average earnings-per-share loss of $1.51, down…
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