CBS News |
Money Minute: Delta to buy jet fuel from itself [Video]
Los Angeles Times By David Lazarus Delta Air Lines is buying its own oil refinery to maintain a steady flow of affordable jet fuel. It's either a brilliant move or an insane one. The carrier says it will spend $150 million to acquire the refinery from ConocoPhillips, … Oil prices drive Delta Air Lines to buy its own refinery. Will that work? Delta Air Lines buys oil refinery from ConocoPhillips to control fuel bill Analysts call crude supply, product sales key challenges for Delta refinery |
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An airline buying a refinery. If that’s not a sign of a top…