I’m with you. Upstream vertical integration into the fuel business? That’s just nuts. How far from your core competency can you possibly get?
Remember when Ford ran its own ore docks, steel furnaces, coke ovens, rolling mills, glass furnaces and plate-glass rollers? They also had a tire-making plant, stamping plant, engine casting plant, frame and assembly plant, transmission plant, radiator plant, tool and die plant, and, at one time, even a paper mill. A massive power plant produced enough electricity to light a city the size of nearby Detroit, and a soybean conversion plant turned soybeans into plastic auto parts.
There’s a reason Ford doesn’t do that any more.
There’s no money in refineries especially on the east coast. The source of crude is from the Middle East and Africa. Maybe Delta plans on flying crude in from ND or the gulf coast. (the last was meant to be a joke)
“Remember when Ford ran its own.... “
Yup, I’m driving one of the cars produced by that giant, a 1931 Model A Deluxe Coupe. Ford logo stamped on almost every part!