I cannot answer for Shell. I can tell you, however, that every time company officials asked for something, we provided it. They continually raised the bar.
When I hear Shell saying that the price they were asking was only for the refinery and that it didn't include the wholesale side, well, I would refer you back to the February 16 term sheet which states that the present value of future revenues they would receive with the terminal… What do you think “wholesale” sales are?
So, throughout the process there were numerous contradictions in terms of Shell's behaviour. I respect the fact that they want to do what they want to do with this asset. On the other hand, when interests on all sides get together to try and find a way of avoiding a closure… It would have been simpler if they had just said they were not interested in selling.