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Politics : Politics for Pros- moderated
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To: DMaA who wrote (486459)5/9/2012 3:45:51 PM
From: skinowski   of 793882
 
Delta buying a refinery? Didn't know.

I heard the line of thinking that back in 2007- 2008 the airlines had big hedged positions in fuel, and the spike in prices didn't affect them -- and this is no longer the case. Could be. But still, oil prices are not any place close to where they were in the summer of 2008. Oil topped at $147, as I recall... today, it's under a hundred. Maybe some collusion taking place between companies.
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