As US refinery capacity has shrunk, the crack spread – gap btw crude oil and refined petrol price – has surged from 30 cents to $1.50 per gallon even as input prices have soared -> Biden demands restoration of capacity.
ft.com/content/9b90b5… https://t.co/wlpMJjtxhs
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…