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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 687.70

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Jan 5 4:00 PM EST

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To: Johnny Canuck who wrote (40145)	8/28/2003 3:38:45 AM
From: Johnny Canuck	of 69482

Reuters Refiners: Gas Demand May Outstrip Supply Thursday August 28, 3:11 am ET NEW YORK (Reuters) - Refiners are worried there may not be enough gasoline supplies to meet fuel demand during the next decade, the Wall Street Journal reported on Thursday, citing a report from think tank Rand. Refinery officials "seriously doubted" there will be enough gasoline imports to fill an expected shortfall past 2010, said the survey, which is expected to be released on Thursday, according to the Journal. Rand, a Santa Monica, California, policy think tank, said there will likely be more fuel price volatility since there is very little spare capacity, according to the paper. [Harry: I don't know how they can predict this as the market for oil is quite artifical. Price are currently high as the OPEX nations are restricting production in order give them pricing traction. According to the presentation I saw a few months back, world oil reserve won't hit the 1/2 depletion point for another 40 years.]

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