In a message dated 5/8/2006 9:43:57 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: The most plausible explanation that I have read for the lack of refinery expansion is this: The majors expect continued "high" crude prices -- though not so high as now. As a result they expect slower long-term growth in demand for product Can you provide some concrete evidence of any "major" executive or CEO actually expressing these views and the date, please? CS
No. Gene Coyle Well, in that case how is it "a most plausible explanation" ? CS
