Re: [PEN-L] deep question

[C Ruiz]

In a message dated 5/8/2006 1:29:40 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