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:: Monday, April 04, 2005 ::
Bosses’ profit drive behind Texas City refinery blast The Militant, NY
The oil barons keep their refineries operating around the clock for 18 months to five years before taking equipment down for repairs. This unit of the BP operation hadn’t been shut down for maintenance in about two years. “The shutdown periods are kept as brief as possible,” according to the March 26 New York Times, “especially in the past few years when the difference between the cost of crude oil and the value of gasoline and other products has been large, making profits strong.” The day after the deadly disaster, oil prices spiked to $54.84 per barrel on the New York Mercantile Exchange.------------------------------------------- posted 1:37 PM :: reference link ::
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