This chart tells it all. As you can see, as the offshore stocks have been tumbling, the refineries have been raking it in. This seems a bit unfair to me. It should be a more cooperative effort, However, this is the nature of free markets, I suppose. With those 200K layoffs, it seems like maybe there is a better way. They could shift the jobs around, or subsidize those in need. In the long run, it would probably be best for all.
PS: Valero is on the chart, but not labeled. It’s the dark purple.