The Irvings don't sell oil at $100 per. They buy the crude and refine it for resale. Having oil at $100 hurts their refining business as they haven't forecasted for those prices.
It has no effect on them, they buy it, and then sell it. If the costs of purchasing goes up, then the price they sell it at goes up as well. Thats why gas prices at the pump fluctuate so rapidly. They also own a lot of the stations which means they can also set the retail price. Rising prices never hurts an oil company.
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The Irvings don't sell oil at $100 per. They buy the crude and refine it for resale. Having oil at $100 hurts their refining business as they haven't forecasted for those prices.
Well! where can we send money to help?
Maybe wear blue ribbons,?,
Or sue for imagined torture,like arar.
It has no effect on them, they buy it, and then sell it. If the costs of purchasing goes up, then the price they sell it at goes up as well. Thats why gas prices at the pump fluctuate so rapidly. They also own a lot of the stations which means they can also set the retail price. Rising prices never hurts an oil company.
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