Originally Posted by
RockyBoy
...Only problem was there were no refineries for sale and the government wouldn't let him build any new ones. He said he thought you could almost make fuel a fixed cost over a 3-5 year period if you could refine your own Jet A instead of hedging. Would be nice to see Delta pull this off, but refineries aren't for sale and you can't just go build one.
Not only for sale, for sale at pennies on the dollar:
Owner of Big West refinery confirms Alon as sole bidder - Bakersfield.com
BTW the previous owner bought the refinery from Shell (who were going to close it) and made big upgrades to the refinery.
The oil fields around that refinery account for 10% of the domestic us produc tion.
Don't believe the "poor oil industry line"
Cheers
George