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To: jim_p who wrote (9264)4/18/2008 9:11:36 PM
From: Aggie  Read Replies (3) | Respond to of 50746
 
jim_p, hello,

WNR - Woo Woo! - another RRI?

My question, on world oil supply: You mentioned that, although prices hover near records, supply is not significantly increasing. How much of this do you think is due to nationalization and parlay on the part of governments to change the deal (Russia, Nigeria, etc, in other words, a shifting business model in favor of nations instead of operators) as opposed to simply being a function of the harder-to-find-and-extract factor?

Second - How much of the record prices and demand difficulty is really a result of insufficient infrastructure - lack of refining, lack of storage and transportation capacity, etc, to keep up with ramping world demand?

Just wondering what these impacts are, based on what I am seeing. Thanks a lot as always

Regards to all

Aggie



To: jim_p who wrote (9264)4/23/2008 10:54:21 PM
From: RWS  Respond to of 50746
 
Western Refining Inc. (NYSE: WNR | news | PowerRating | PR Charts ) through its subsidiaries, operates as an independent crude oil refiner and marketer of refined products. The company operates through three groups: Refining Group, Wholesale Group, and Retail Group. Its Refining Group operates four refineries and related refined products terminals, and asphalt terminals. The company's Refining Group refines crude oil and other feed stocks into finished products, such as gasoline, diesel fuel, jet fuel, and asphalt, as well as markets its products to wholesale distributors and retail chains. Its Wholesale Group distributes commercial wholesale petroleum products primarily in Arizona, California, Colorado, Nevada, New Mexico, Texas, and Utah to customers in the mining, construction, utility, manufacturing, transportation, aviation, and agricultural industries. The company's Retail Group operates service stations, which include convenience stores or kiosks that sell gasoline, diesel fuel, general merchandise, and beverage and food products. As of February 22, 2008, the company owned and operated 155 retail service stations and convenience stores in Arizona, Colorado, and New Mexico. Western Refining, Inc. is headquartered in El Paso, Texas. With 68.03 million shares outstanding and 3.81 million shares declared short as of March 2008, there is a failure to deliver in shares of WNR. According to quarterly data provided by the SEC, there were still 38,802 shares of WNR that were failing-to-deliver as of September 28, 2007.