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Article #1065

Re: It's all about gasoline!

#1065
From: Don Homuth
Date: Thu, 07 Jun 2007 19:28
43 lines
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On Thu, 07 Jun 2007 19:18:02 GMT, trijicon <dev@null.set> wrote:

>Don Homuth wrote:
>> On Thu, 07 Jun 2007 19:05:04 GMT, trijicon <dev@null.set> wrote:
>> 
>>> Oh NO!
>>>
>>> They had to do some maintenance?!?!?
>>>
>>> WTF is up with those guys, why not just run 'em till the melt down!
>> 
>> Even in your area, there are some fascinating outcomes:
>
>> Before this month, the previous record high for refinery profits was
>> $31.71 in 2005 in the wake of Hurricane Katrina. 
>
>Wow, a whole 3% higher!

3% on an already high base is pretty high.  The overall supermarket
sector runs at less than that overall.

>Of course that can't have anything to do with the facts that:
>
>http://www.bloomberg.com/apps/news?pid=20601087&sid=aSfFzU1tl2HE&refer=home
>
>Refinery Problems
>
>U.S. refineries ran at 89.5 percent of capacity last week, the Energy 
>Department reported May 16. That is less than the 94 percent they 
>reached in the same week in 2005, before Katrina and Rita hit the Gulf.

If they ran at less than capacity, it's because the awlbidniss Chose
to do that.

>``People are very worried about a stoppage of gasoline supplies,'' said 
>Tetsu Emori, the chief commodities strategist at Mitsui Bussan Futures 
>Ltd. in Tokyo. ``The Nigerian issues are a big factor in the market, 
>especially for Brent crude.''

But as the awlbidniss types have noted elsewhere, there's no shortage
of Crude -- just a shortage of Refining.

Which is not the same as Refining Capacity.
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From: Don Homuth <dhomuthoneatcomcast.net>
Newsgroups: pdx.general,seattle.politics,az.politics,or.politics
Subject: Re: It's all about gasoline!
Date: Thu, 07 Jun 2007 12:28:20 -0700
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