Ron2008

Valero's Major Announcement a Telling Economic Indicator

So if the refineries don't need the oil then why is it above $75?

Because that is where Wall Street (GS and JPM) want it.

They didn't put enough companies out of business last year. They want to screw the refineries too.

Gasoline and Diesel Fuel Prices: Scaring Investors in Time for Halloween

Yes there will be decreasing imports, but there are zero signs of increasing demand. And today's jump up in prices will not help demand at all.

I fail to see how a report that said gasoline demand decreased was bullish for prices. But that is where the specs want it to go.


On Oct 20 01:27 PM ryanclarke wrote:

> If the dollar continues to weaken and gasoline continues NOT to be
> imported from oversees into the United States, the U.S. should experinece
> a rerun of the Fall of 2007. My prediction is the following: increasing
> gasoline consumption in the U.S. ( +9 MBPD ) should produce low levels
> of gasoline in U.S. storage within the next two months which should
> induce oil to at least $100/drum by next spring.

Filling Up on Natural Gas

If NG production is flat and demand is up then why were inventories at the highest levels in history last year?