Column: Vertical integration will not help Delta oil refinery

04/20/2012 | Bloomberg

Columnist Virginia Postrel said Delta's plan to vertically integrate by purchasing an oil refinery does not make economic sense. "Delta doesn't need its own refinery to obtain jet fuel, which is traded in a thick worldwide market, any more than it needs to own a peanut farm to supply in-air snacks," Postrel writes.

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