You guys have sent me fifteen to twenty emails regarding my piece on oil, below. Here is the cite to the article in Bloomberg several days ago. Article begins:
Refinery Margins Rise to 4-Month High on Dwindling Oil Storage
By Robert Tuttle
Jan. 12 (Bloomberg) -- The margin earned by refiners for making fuel rose to its highest in almost four months as declining oil storage space caused crude to drop faster than gasoline or heating oil futures.Link to my short piece is here
1/21/2009
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2 comments:
Of course they do. The greenies won't allow any new refineries to be build anyways, so in effect they have a government sponsored monopoly. When government and industry colludes, the consumer gets screwed.
Howard,
Here's an article supporting the Cushing/tanker storage issues.
http://www.rigzone.com/news/article.asp?a_id=71899
MC
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