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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.37-0.9%Dec 3 3:59 PM EST

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To: schrodingers_cat who wrote (111980)11/20/2000 8:43:48 AM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
Thanks for the charts on oil inventories.

>> 3/Refinery shortage. Heating oil stocks simply haven't been built this autumn, despite excellent profit margins for heating oil. This chart shows the situation for 'distillate fuel oil', which is the same as heating oil and diesel.
<<

I keep not understanding this point. If there is a shortage of refinery capacity, what is the point of paying a high price for crude oil that can neither be shipped (due to tanker shortage) nor refined (due to refinery shortage) ?
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