Years ago I worked for one of the largest and most powerfull companies in the world.----I represented the Canadian part of the world operation and attended a world wide conference call within our organization.---During a bantering of ideas, a delegate from the U.S.A. had the floor and made a comment that I'll always remember.---"Gentlemen, we all have to realize that we are not in the business to produce automobiles, but in the business of making money."---It's too bad that others that followed him didn't stick to that ideal, because today, that company is on the verge of filing for a chapter 11.----Others that followed that gentlman decided that bigger was better, and through the years continued to grow the company in size, regardless of the cost.----What I was trying to put across, wasn't that CLL should have eliminated that part of the business, (refinery), but that they should have backed off with the production or else have changed the way they run that part of the business.----I also mentioned that I couldn't believe that the refineries, since they have a monopely like they do, don't operate in a different way, so as to guarantee themselves a profit in any type of invironment.---Instead of purchasing oil from other companies, and then selling the refined product, why don't these refineries just charge the oil companies that wish to have their products refined, a certain price and let them handle the sale of their own product?----As far as CLL is concerned, since we're just a start up company, conservation of cash should have been a priority, and as it turned out, conservation of cash did in fact become a priority, as witnessed by the decisions to put a hold on the Alger construction and the production of bitumen on pod 1, which was cut to almost 50% production.---If each part of a business is aware of costs and makes decisions accordingly, then the sum of the parts becomes profitable.----If it's true that the refineries cannot turn a profit in a high priced oil invironment, with the way they handle their business, (purchase oil to refine), then they must change their methods or else perish, because IMO, the price of oil will again esculate and the refineries will find themselves in the same predicament as the one they were in when oil went to $140.---CHEERS!!!