Posted on 04/16/2012 8:50:39 PM PDT by Lorianne
Delta Air Lines Inc (DAL), burdened by the soaring cost of jet fuel, is seriously thinking of making some of its own by buying an idled ConocoPhillips (COP) refinery near Philadelphia, people familiar with the matter said Thursday.
Delta, the world's second-biggest airline by traffic, is in talks with Conoco to acquire its Trainer, Pa., facility at a cost of $100 million to $150 million, one person familiar with the matter said. Delta would hire an outside firm to run the refinery.
The move could help supply Delta's operations at La Guardia ...
(Excerpt) Read more at online.wsj.com ...
“Remember when Ford ran its own.... “
Yup, I’m driving one of the cars produced by that giant, a 1931 Model A Deluxe Coupe. Ford logo stamped on almost every part!
http://fuelfix.com/blog/2012/04/12/delta-said-to-seek-fuel-savings-with-conocophillips-refinery/
Article for reading without subscription
Operating as a break-even without profit may be more economical than letting refinery close and have even higher fuel charges from Jet Fuel barged in while local demand exceeds capacity.
It may not be economical from a refinery operations point of view, but it may be a cost savings to the alternative for fuel purchases.
Delta Said to Seek 10% Fuel Savings With ConocoPhillips Refinery
http://www.businessweek.com/news/2012-04-11/delta-said-to-seek-10-percent-fuel-savings-with-conocophillips-refinery
LOL...you found the Easter Egg! I wondered if anybody would get it.
ping
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.