Behind every billionaire there is a story!

Billionaires are buying refineries

 Li Ka-shing and Thomas Barrack have found a way to make more money from record gasoline prices than Marathon Oil Corp. and Royal Dutch Shell Plc.The billionaires are buying refineries in Europe and the U.S. for about $12,000 per barrel of processing capacity, 33 percent less than the oil companies pay to build them along the Gulf of Mexico. Charges for contractors, labor, cement and steel have doubled and the new plants are years away from completion.

read the rest of the story published by Bloomberg here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZ6hrLPmldHQ