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To: Bid Buster who wrote (266105)	11/6/2003 10:20:12 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 436258

actually you suggested much higher, if i recall you were pushing some report that was predicting $80/$90 per barrel contracts..and i was calling for low to mid twenties (which we briefly touched).... but that was then, this is now <g> as to the last refinery built the maricopa county refinery was proposed in 1992 coinciding with the beginning of a long slide in crude prices so market conditions prevailed, no new refinery... and here it is again...(this time the sense of "urgency" comes from the supply interruption due to a pipeline rupture)...but i will go out on a limb here and suggest that this refinery yet again will probably not be built and yet again may mark the beginning deterioration of crude oil prices. the last thing the refineries want is an abundant supply of cheap oil best thing for them is equilibrium which was my original point last march...and according to opec they seem to want that price in the low to upper 20's per barrel, any price spikes only prompts more calls for alternative energy sources (not to mention our national security interests in weaning ourselves off of ME oil) bizjournals.com <snip>.. The refinery has been proposed before. In 1992, the state approved permits by John Greenback for a smaller facility on the Mobile site but the project was never built because of a changing oil industry, economics of the project and the approval expired. Greenback is part of the new group pushing the refinery. They first filed new plans with the state in 1999, Owens said.