Plausibility does not necessarily imply proof.
On Mon, May 08, 2006 at 10:25:42PM -0400, C Ruiz wrote: > 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 -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
