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To: Michael.SF.

I'm not up on the current situation with Ashland, but didn't they just sell off the rest of their interest last year in the M/A refinery in LA to Marathon. Doesn't sound too expansionist a philosophy.


49 posted on 05/17/2006 10:32:44 PM PDT by SAJ (b)
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To: SAJ
Doesn't sound too expansionist a philosophy.

It does for Marathon.

The oil industry is both consolidating (mergers, aquisitions) and modernizing their refining capabilities. Modernizing often includes an increase in their refining capabilities. These are not contradictory, although they may seem that way to some.

53 posted on 05/18/2006 5:43:37 AM PDT by Michael.SF. ("I don't think Pat Kennedy is crazy, he's just a drunk" -- G. Gordon Liddy (5-10-06))
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