Posted on 11/12/2007 7:16:10 AM PST by rightinthemiddle
That's a BUMP!!! Refineries closing for no one's buying the distillates. Contango and Arbitrage with all available tankers full of crude.
“See, they are our friends.”
haha...that was really funny.
“your posts seem to require that because you make no sense.”
“it’s so old it’s in the bible, yet you don’t seem to get it.”
brilliance, absolute brilliance.
/sarcasm off?
Even assuming that best-cast of flat supply won't demand keep growing?
I haven't done the numbers but China is sitting on huge dollar reserves which it can use to keep bidding up the price so that the squeeze falls on everyone else, particularly us. It's true that will reduce our ability to buy their stuff but what other choice do that have?
That's the scenario which worries me.
NYMEX crude index 91.10. It’s like the dungeon master got a cell call during waterboarding and the prisoner gets to breathe without anxiety for a while.
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