Kardamow

Kardamow

Home
Podcast
Notes
Archive
About

Refined Products

The Crack Spread Mirage: Why Today's Refining Goldilocks Is Tomorrow's Margin Apocalypse
When $22 RBOB-WTI spreads mask the same structural rot that killed refiners in 2008
Jul 30 • 
Riko Kardamow
4
© 2025 Riko Kardamow
Publisher Privacy ∙ Publisher Terms
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture