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Originally Posted by LeMansX5
Look who is back. Where have you been? Eric.
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Been busy. Had to move my company to new offices, which turned out to be just about the most time-consuming thing I've ever had to do.
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Originally Posted by Wagner
Yeah we should definitely push 40 year old machinery to its 100% capacity point.
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The oil companies are certainly making enough dough that they can afford to replace old machinery, if that is indeed the problem. Interesting though that none of the oil execs used that as an excuse. Instead, they seemed to point the finger at OPEC, claming that OPEC Is not pumping enough oil. And as we all know, OPEC claims the bottleneck is the refining capacity. Both groups point the finger at eachother as if they are two entirely seperate industries. Yet most of the oil companies are at least partially owned by the same parent companies that also have interests in OPEC. For example, 25% of Exxon/Mobile is owned by the Saudis.