SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ed Ajootian who wrote (26202)10/7/2003 12:31:07 PM
From: John Carragher  Read Replies (1) of 206084
 
falling crude prices is great for refineries? no.. they buy higher from e& P and then have to sell the product at lower prices.. same thing happens with marketing.. they buy at a higher price from refinery and then get stuck with inventories throughout their terminals which they have to discount at the stations due to independents buying cheaper on open market... usually it works the other way around. Rising prices helps refineries and retail. they quickly pass on increase prices while of course they have cheaper product in inventory... but when prices turn down . they try like hell to hold prices up for as long as possible.
Of course imo.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News