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Delta (DAL) will rely on JPMorgan's (JPM) commodities team to handle the entire refining process...

  • Wednesday, April 11, 2012, 1:00 PM ET
    Delta (DAL) will rely on JPMorgan's (JPM) commodities team to handle the entire refining process - from purchasing crude in Nigeria, to shipping it, to the conversion to fuel product - should it go through with a purchase of Conoco's Philadelphia refinery. Delta would then buy jet fuel from JPMorgan at wholesale, with the bank selling the other products on the open market.
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    What's the R.O.I. on the project? They'll need to save a lot of pennies to make up those dollars. Then again, they may have thought this out correctly. Risk.
    11 Apr 2012, 07:08 PM Reply Like
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