During the 2nd quarter earnings call it was stated that P66 had reduced the cost to run a barrel of crude oil by 83 cents per barrel. And maybe we did.
However, one of the analysts asked the question how much of the savings was due to BT and how much was due to 98% run rates during the quarter. Which would make the cost savings unlikely to be sustainable. The VP really couldn’t give a good answer on which 1 it was so I’m thinking it was due to high run rates,
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Does anyone actually think Cali boy believes the numbers he’s reporting?
They came up with that while sitting in the cushy seats at the stros game
Anyone that's boots on the ground knows that it's mostly BS. If the analysts had any idea of the number of initiatives that I've been forced to advance through Wave on the basis of "It's a DIRECTIONAL improvement, even if you can't see it in the process data, we're going to go with what HYSYS says," nobody would be holding PSX anymore. I'm sure it's the run rates that made things look good.