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Strategies & Market Trends : Ask DrBob
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To: FLACK who wrote (4764)9/15/2000 10:56:36 AM
From: theniteowl  Read Replies (1) of 100058
 
Ok Flack will not tell a soul. Another take on oil prices.

What is a very apparent problem is that the US simply does not have enough refining capacity to meet demand, no matter how much OPEC crude supply is released in the global market. It's a bottleneck problem. A log jam. As we have shown in the refining capacity chart above, current total US daily production capability is roughly 16 million barrels. At the moment, one million barrels a day in capacity is scheduled for maintenance in October alone. That's right, 6% of total US refining capacity will be taken down next month. Just what do you think that will do to domestic supply/demand pressures? Modest hint: It's won't improve things.

contraryinvestor.com
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