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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: chowder who wrote (72075)8/31/2000 10:33:59 AM
From: Think4Yourself  Read Replies (3) of 95453
 
From what I have been reading your friend is right. The refineries also take the changeover as an opportunity to do maintenance on the refineries, which is probably where the bulk of the utilization reduction comes from. Given how hard the refineries have been running this summer I expect planned outages to be longer (or at least actual outages will be longer). Those things ain't gittin' any younger! I have posted on several occasions about the 400K+ bbl/day refinery in Texas going down for two weeks in October. That will have a big negative impact on product supplies, which is where the real problem is.

All the energy futures up this morning.
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