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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: SliderOnTheBlack who wrote (40391)3/19/2005 8:29:44 AM
From: quehubo  Read Replies (1) of 206105
 
SOTB - That was a gem you posted from the EIA.

I see your views are distorted by BS published by Stratfor. Geez what how many millions would have had to die to wipe out the 6 MBPD demand reduction cited by Stratfor in 1997-98.

If I recall correctly the EIA shows no global reduction in demand during this period. But you can believe what you want.

The EIA oil and electric data is the best we can get. Its data on NG storage is the only source. But as far as relying on the EIA for fully integrated explanations for oil and ng prices forget about it.

If Asia has more refinery capacity where was the bottleneck then? Could it be there are not enough ships to transport the product? Could it be they did not anticipate being able to convert and market this product globally?

So it seems the bears arguement is that refineries paid too much for their light sweet crude and they did not maximize production because the strong margins where just too much money to be made.
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