Evaluating the negative effect on Plains All American Pipeline's (PAA) expected financial loss for its supply & logistics (S&L) business is critically important for existing and future investors. Willie Chiang, Plains' CEO, commented during the last conference concerning S&L's future, "Let me see if I can give some color on this. S&L this year is playing its position exactly as we expected... And exactly what we've said, we think will happen is happening in that as the long haul pipes starting up late later part of this year, the arbitrage opportunities go