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Comment: Re:Old news? (Score 1) 230

by dogger (#36959604) Attached to: Are We Seeing the End of Big Oil?

This is spot on.

Exploration and Production is High Margin
Refining and distribution is Mediocre Margin

If the Oil trading group acts to maximize the profit, it could be at the disadvantage of the refining and distribution operations. It is a very very complex supply chain. This break up will allow Refining and distribution to maximise their own margin without regard for the upstream supply chain.

Prediction is very difficult, especially of the future. - Niels Bohr