My #51 was in response to your #50. If you have any links to provide on the refinery updates you posted, kindly post them for further distribution.
Oh, the refinery posts. Yeah, I don’t have the links anymore. It’s old news, about a month old, anyway. My sister’s husband works at the old Sunoco refinery, so I keep up with things, there.
The purchase of the Conoco refinery by Delta happened last spring. It will take some time for both refineries to be rebuilt, but it is really good for the Philadelphia area and the whole Middle Atlantic region. Some of the speculators were a little unhappy about the news, they liked the idea of FINA and LUK being the only suppliers in the region, keeping prices high.
George Bush actually went to Philadelphia to announce the purchase of the SUNOCO marketing end of the business.
You asked for links about the purchase plans for the Philadelphia refinery.
Last night on the Hannity show, the purchase of the Sunoco refinery was mentioned as an Obama crony capitalist scheme and I just got around to looking up what they were talking about. It’s worse than you could imagine. It’s just like what Obama is doing to the coal, restraining operations on privately owned land, while subsidizing and facilitating operations for crony partners. In the case of the sub-bituminous coal, the leases are on Indian land, managed by the government. In the case of the Carlyle group, the SEIU from CA and NY are heavy investors, as well as ABU Dhabi investors, the CEO is from Goldman Sachs (Goldman Sach is also involved in the coal terminal), the company was investigated for kick backs by the state of NY and paid a big fine, and is now accused of receiving kickbacks from Obama for buying this refinery.
This is not so good, after all. We don’t want government unions in a position of controlling gasoline prices.