MacroVoices #329 Darius Dale: A Recession Is The Bull Case
Macro Voices
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Is There a Back Drop in the Crack Spreads?
Eric Schlossberg: There is no room for crack spreads to come back down. He says the government's policies have made it essentially uninvestible to build new refineries. The payback, because of the massive size of that capital investment, is at least ten years," he adds. "It just doesn't make any sense for any investor in their right mind to build any new refineries"
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