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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (9281)	9/13/2006 2:28:22 PM
From: Maurice Winn	Respond to of 219932

From what I've read, refining margins have been dropping. So it might be that they put it on hold. One wouldn't want to build a refinery that isn't going to be economic. When I first went to Canada in 1975, Texaco Canada was in the process of bringing the Nanticoke refinery on-line. Which was a shame because the economics had undergone a major shift with the 1974 crude oil quadrupling in price at a time when oil was a large part of the economies of such industrial countries. Mqurice