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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Dennis Roth who wrote (43895)5/11/2005 10:42:52 AM
From: Tommaso  Read Replies (2) of 206325
 
From the report you linked:

Over the last four weeks, motor gasoline demand has averaged nearly
9.2 million barrels per day, or 0.9 percent above the same period last year,
while distillate fuel demand has averaged over 4.1 million barrels per day, or
1.4 percent above the same period last year. Kerosene-type jet fuel demand is
up 5.0 percent over the last four weeks compared to the same four-week period
last year.


It's hard to see crude prices dropping much with Americans burning more of everything than ever. I guess it could always happen, but I would not want to be short crude myself.
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