Resurgence In Fossil Fuel Excitment? Global Refining Capacity To Increase By 15% Over Next Four Years -- October 27, 2018

Global refining update -- GlobalData -- data points:

• global refining measured in global crude distillation units (CDUs)
• global CDUs will grow 15% over next four years
• from 102 million bpd to 117 million bpd (2022)
• those refineries will need oil -- well, duh -- but sometimes the obvious needs point out
• corresponds with latest figures that global demand for oil is now at/near 100 million bpd
• continent with greatest CDU increase: Asia, specifically China
• reason: transportation
• for all that talk about EVs, 15% growth in CDUs seems pretty impressive
• China will have to import more oil
• this is the data point not mentioned at the report: will China lean toward refineries optimized for heavy oil (Mideast) or for refineries optimized for light oil (US)

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Earnings Reports From Yesterday (Some From Earlier In The Week)

PSX (Phillips 66): beats on earnings;misses on revenue;

• $3.10/share; $28.91 billion
• forecast: $2.37; $29.10 billion
• same period last year: $1.66; $25.88 billion 

Build-A-Bear Workshop:

• reported a loss of 12 cents (I have never invested in BBW; and have notplans to ever do so; just curious)

Greenbrier:

• $0.94/share; revenue of $689 million; earnings miss; Wall Street expected, $1.07
• backlog grows to $3.0 billion
• earnings performance third best in Greenbrier history

CMCSA: blue skies ahead -- Motley Fool

CARBO Ceramics: 3Q18 earnings loss and misses revenue estimates; it's been my impression that Bakken fracks are almost 100% sand these days;

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