Delta Buys Oil Refinery; Should Others Follow?
Delta Air Lines’ purchase of a refinery is being called an audacious defense against spiraling oil prices, but perhaps even bolder action is called for, given the stark U.S. East Coast energy situation. With an even larger refinery for sale just up the river from Delta’s new fuels complex, maybe the home heating oil customers of the U.S. Northeast should be pooling their funds together for a bid.
(See “With Gas Prices High, U.S. Refinery Closures Hit Workers and Drivers”)
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