Capacity additions in India pose a threat to future refining margins. If the products don't go west, then they will head to the Asian market and margins will be affected.

149

The global market is one big swimming pool. Tomorrow the workers go on strike in Nigeria, and we pay the price here although we don't import oil from Nigeria. The story is that global oil prices are rising and there is nothing we can do about it.

137

This kind of thing it just gives us a bad name, frightens people from investing — it may make one of the refineries shut down and leave Hawaii, ... It reduces competition and does all harm but doesn't gain us anything.

53