<div dir="ltr">I don't see how you can justify the expected profit.  The instant you start undercutting oil, oil prices shift to undercut you - and they can keep their prices down for years, if necessary, to wait until your operation runs out of money and shuts down, abandoning the hardware in place (no matter how efficient it would have been to keep using it).<br>
<br>That's how they've done it before; all indications are that they'd do it again.<br></div><div class="gmail_extra"><br><br><div class="gmail_quote">On Thu, Feb 6, 2014 at 7:50 AM, Keith Henson <span dir="ltr"><<a href="mailto:hkeithhenson@gmail.com" target="_blank">hkeithhenson@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><a href="https://drive.google.com/file/d/0B5iotdmmTJQsWDlYQmJfNjVMaHJZRE5PS2xSclA3TFNmcGF3/edit?usp=sharing" target="_blank">https://drive.google.com/file/d/0B5iotdmmTJQsWDlYQmJfNjVMaHJZRE5PS2xSclA3TFNmcGF3/edit?usp=sharing</a><br>

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