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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: t4texas who wrote (156613)9/7/2011 8:04:30 PM
From: Bearcatbob   of 206175
 
Well t - shutting down refineries? More good jobs down the drain? I would see it as a short sighted reaction to recession or - in the case of Sunoco - I see it as a simple business decision to restructure their business. I would assume refining is not very profitable these days. A chart of VLO however does not look any worse than many others.

Is reduced gasoline consumption a function of recession or technology?

Ultimately, do we need any more refining capacity than domestic oil production. I wonder where the specialty blends will ever come from?

Bob
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