Open Question
Ok oil inventories drastically rose while gasoline inventories sank. This is
bull that oil is up. Gasoline inventories are up because refiners are working
at low capacity not because demand is increasing. The true story lies in the
fact that oil inventories are up and up big showing the true supply and demand
story. Is anybody shorting the USO here. Also, why are refiners working at low
capacity because they know that demand is dropping like a stone?
Page 1 of 1
I tend to agree with Goldman here. As far as world supply/demand goes, the
margin of error is still fairly thin. With current world events I'm staying
cautiously bullish.
Rate Now:
Average Rating: 0.00 / 0
well its down now
Rate Now:
Average Rating: 0.00 / 0
They are trying to get their margins bacck. If they produce less gas, the price
should rise compared to oil.
Rate Now:
Average Rating: 0.00 / 0
Refiners are also beginning to convert to heating oil.
Remember, those big SUV's still soak up gas like a dry sponge...
Rate Now:
Average Rating: 0.00 / 0
Did you take account that they might be prepping for the end of driving season &
changing over their blend?
Rate Now:
Average Rating: 0.00 / 0
Page 1 of 1