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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: SliderOnTheBlack who wrote (40391)3/18/2005 3:15:27 PM
From: Taikun  Read Replies (1) of 206098
 
In looking at those slides I see utilization numbers in the 90% area, up to 97%. The lowest number, 74%, is from 2003 in Asia.

Most industries run at 70% utilization rates, to accomodate repairs and maintenance. It is true that the refining industry 'might be different', but looking at a 97% utilization rate and extrapolating that capacity exists is dangerous. The industry is already more than 30% above the normal range for most sectors, and that is 70%.
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