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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (40967)	9/6/2005 6:15:33 PM
From: patron_anejo_por_favor	Read Replies (2) of 110194

>>IMO October gas futures were sold on the idea that refineries recover<< I'll say it again...the 3 refineries in Chalmette are not going to recover anytime soon, if ever, they're under water and one of them (Murphy) has been noted to have sprung a leak, meaning the DEQ/EPA people are probably gonna shut it down even longer for remediation. Plus, who da f*ck is gonna run it, the National Guard? They're the only ones around, and are the only ones who are gonna BE around for a looooonnnggg time. Ditto the other 2 Chalmette refiners. Pascagoula's the best hope of the three, but it sounds like they took a severe beating from the wind, so we'll see. pannexresearch.com Just a thought....most European consumers pay twice (or more) what we pay at the pump for gas. Why in hell would they keep sending us product, so we can continue to drive our Hummers at a subsidy? Expect a backlash politically there if they are asked to keep it up.....

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