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To: Jack of All Trades who wrote (95872)	4/18/2001 3:22:04 PM
From: patron_anejo_por_favor	Respond to of 436258

<<Didn't I here just recently of a couple of refinery explosions in Europe????>> Yep, the main oil export terminal refinery for the U.K. went up last week (a Conoco property): biz.yahoo.com Apparently will be down 2-3 weeks, the refinery portion was not involved.

To: Jack of All Trades who wrote (95872)	4/18/2001 3:57:01 PM
From: edamo	Respond to of 436258

jack..."refinery explosions" yes...and how much capacity has been diminished? refining is done on regional levels....loss of capacity in one area affects directly that area......pricing is based not just on the cost of crude, but cost/quality of refining and transportation to the market place..... usa does have a limitation on refining, no new facilities built for many years, no different then power generation...very costly to build when certain environmental standards must be met, hence no beneficial roi for the owner......