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Inventories
6 Months Ended
Jun. 30, 2022
Inventory Disclosure [Abstract]  
Inventories Inventories
The major components of inventories were as follows:
June 30,
2022
December 31, 2021
Petroleum products$— $998 
Crude oil20,767 11,834 
Caustic soda10,031 5,690 
NaHS20,232 17,040 
Raw materials - Alkali operations6,948 7,599 
Work-in-process - Alkali operations7,010 7,496 
Finished goods, net - Alkali operations12,633 13,681 
Materials and supplies, net - Alkali operations14,213 13,620 
Total$91,834 $77,958 

Inventories are valued at the lower of cost or net realizable value. There was no adjustment to the net realizable value of inventories during the period ended June 30, 2022. As of December 31, 2021, the net realizable value of inventories were below cost by $2.0 million, which triggered a reduction of the value of inventory in our Consolidated Financial Statements by this amount.
Materials and supplies include chemicals, maintenance supplies and spare parts which will be consumed in the mining of trona ore and production of soda ash processes.