Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (84419)	5/12/2007 10:52:13 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 206191

Chancels, i agree with many of the concerns you raise. i am more worried about politicians meddling with refiners than i am worried about crack spreads declining. however, you write: They all suffer the potential to have someone set up next door. i don't think refiners are too worried about having competitors "set up next door." the last new US refinery was built in 1976. it is hard to think of a business with a better moat, and in VLO's case, it is very well positioned to capture the sour discount in this age of diminishing sweet crude. but politicians, they are an unknown quantity of evil that could rain on the refiners' parade.