Caribbean refinery re-start will make lots of USLD

[Jan van Eck + 7,558]

Here is a fascinating article that describes how a hedge fund has purchased a shuttered refinery in the US Virgin Islands and will re-start a portion of it to produce lots of low-sulfur marine diesel for IMO 2020.  It touches on the intricacies of the Jones Act, the shift of US Gulf Coast refineries to natural gas for their processing energy and how that hurt other Caribbean refineries as to competitiveness, and lots of other arcane details that a typical industry follower would miss.  This is a great article by a great analyst.

https://www.freightwaves.com/news/freightwaves-oil-report-a-new-refinery-about-to-launch-to-help-supply-the-east-coast

[Douglas Buckland + 6,308]

Well, that was interesting! Looks like somebody saw an opportunity and took it.

Well done!