Tesoro loss bigger than expected

An oil company losing money! Looks like being in Hawaii has taught them how to do things local style...
In the dumbest way!

Oil rifinery losing money selling a product that we have no choice to buy at whatever price that sell it for. Thats hard to believe.

Oil Company with a loss
It's called Creative Accounting.....
Yeah Right

This is a "refiner" and not an oil company. Tesoro's days are numbered. They are running an old rickety refinery that will need to scrapped one day and that will be it for a major supplier of gasoline and jet fuel. It is losing money without tacking on the costs to mainain it.

Tesoro has to buy crude oil from the oil companies. They are the ones who make the money. The only way they stay in business is to keep the cost of refining down-- not enough profit to create new refineries to remodel the existing ones.