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To: I Drive Too Fast
Go back and read that post or information on sweet and sour oil. It may have been mine. The US can refine 2/3 of their gasoline from sour oil. The world can only refine 30% of their gasoline from sour oil and require sweet oil. Sweet oil went in decline in 2004 so there is heavy demand and it is at its peak. It will continue to be in high demand.

The cry speculation is a political agenda and if a US politician thinks US futures traders can control the world market they are nuts. Many countries have tried to control futures and none successfully. In the 1400's during the Japanese rice famine the govt. accused the traders of futures speculation took control of the market and distribution and successfully starved 14 million people.

31 posted on 05/04/2006 6:42:21 PM PDT by jec41 (Screaming Eagle)
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To: jec41

I might have read your post on that. I think I also heard it mentioned on the Fox Business show block on a Saturday morning. Maybe they read your posts too;-)


32 posted on 05/04/2006 6:46:25 PM PDT by I Drive Too Fast
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