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China Building Mega Refineries to Compete Globally

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https://finance.yahoo.com/news/china-building-mega-refineries-just-210000546.html

China’s Building Mega Refineries Just as Fuel Demand Stalls

 

Bloomberg News
Wed, October 7, 2020, 12:00 AM CDT
 
 

(Bloomberg) -- China is investing tens of billions of dollars in new mega-refineries even as its fuel demand is expected to peak within five years, raising the risk it will flood the region with cheap exports.

Will China harm American refinery and chemical production and sales worldwide? Will we lose investments, jobs, and exports? RCW

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Why do you think Canada is building the transmountain expansion? 

Why does Chinese owned Sinopec invest heavily in the oilsands?

Simple - the world doesn't want to depend on the US for anything other than your consumers.

 

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The whole world feels that way Enthalpic? I think you are projecting your personal bias. 

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