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Outcast_Searcher wrote:It seems to me Delta would be MUCH better off focusing on a strategic plan to effectively hedge the price of their fuel. THAT might actually lead to some kind of competitve advantage -- given the very strong long term correlation between airline profits and the cost of oil.
Who knew that the economic solution for the region's beleaguered oil refineries would arrive on a slow train from North Dakota?
Delta Air Lines, the new owner of the Trainer refinery that is scheduled to reopen later this month, on Thursday became the third fuel producer in the Philadelphia area to announce plans to bring in crude oil by rail from the Bakken oil field in the upper Midwest.
Edward Bastian, the airline's president, told an investor conference in New York that Delta plans to replace some imported oil at Trainer with domestic crude brought in by rail. The cheaper North Dakota crude could enhance the airline's plans to produce its own jet fuel, Bastian said.
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