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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Archie Meeties who wrote (112217)10/20/2008 3:43:11 PM
From: Sharp_End_Of_Drill   of 206146
 
Archimedes, thanks. Refining was an obvious dead duck.

I had an interesting chat with a crude products trader with Conoco yesterday, he thinks there are a host of smaller refiners that are on the verge of getting creamed going into 2009.

He says physical demand has cratered, and there isn't much news on the horizon to change that.
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