Is Delta's oil deal a game changer - or a disaster?

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This week could see a deal sealed by Delta Airlines to buy a New York oil refinery from ConocoPhillips. Analysts agree that it is an unusual move, and a risky strategy ? one said “a potential disaster”. The airline and energy industries are two of the most challenging businesses to be in ? and oil refining is not Delta’s core competency. Nevertheless, this article, which looks at the financials involved, argues that the move could be a game changer for ...