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Strategies & Market Trends : John Pitera's Market Laboratory
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To: SecularBull who wrote (3293)2/21/2001 3:59:32 PM
From: John Pitera  Read Replies (1) of 33421
 
the petrochemical refining industry has been in a secular uptrend recently from my vantage point.
refineries have been running at near full capacity, for a while. and margins have picked up.

their were 37 refineries closed in the US in the 1990's and not a single new one built. But I'll agree that the
Houston economy is relatively strong. I am seeing some softness in housing.

thanks for the input,

John
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