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To: John Carragher who wrote (253336)6/6/2008 11:15:01 AM
From: HPilot  Read Replies (1) | Respond to of 793669
 
The refineries are not losing money, they are just not makeing as much. They don't make as much when oil goes up. Their margin goes down between buying crude and the price of gasoline. The thing is that crude will go up faster than gasoline, so thay don't make as much. Later when crude levels off gas will continue to go up for a while, then the refineries catch up. Now is a good time to buy refinerey stock.