PEN-L
mailing list archive
[ Other Periods  | Other mailing lists  | Search  ]
Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

Re: oil refining conspiracy?

Michael Perelman wrote:

Shell actually refused to sell a refinery that they wanted to shut
down.  Of course they like tight capacity, but Daniel's point was that
the linkage to petroleum prices is weak.  He is probably correct,
although a refinery shortage could give heart to some speculators who
follow the greater fool theory.


All the better if gas prices rise mroe than crude!

[ Other Periods  | Other mailing lists  | Search  ]