10% Of US Refining Capacity Offline After US Oil Workers Stage Largest National Strike Since 1980
by Tyler Durden
ZeroHedge.com
02/02/2015
It’s not exactly the same as if Wall Street were to unionize and demand higher wages, but when US energy workers – supposedly the best paid profession away from those who BTFD or BTFATH for a living – go on strike, it is time to pay attention, which is precisely what happened yesterday afternoon, when US union leaders launched a large-scale strike at nine refineries after failing to agree on a new national contract with major oil companies. It marks the first nationwide walkout since 1980 and impacts plants that together account for more than 10% of US refining capacity. The United Steelworkers Union (USW) began the strike on Sunday, after their current contract expired and no deal was reached despite five proposals.
The Rest…HERE
