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Politics : Don't Blame Me, I Voted For Kerry

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To: tonto who wrote (70039)11/17/2005 11:55:04 AM
From: TideGliderRead Replies (1) of 81568
 
I have always wondered how a resource goes up on commodity pricing as the ablility to refine the resource becomes more limited. The market on oil would frequently find talking heads remarking "the lack ability to refine distillates fast enough has sent oil higher today"

Well this isn't about the cost of gas, however, how does oil rise because they can't refine it fast enough. Doesn't that mean there would be a glut.

Oil is too manipulated by the trillions in hedge funds trading the futures. I don't think the end users raise the price when they have more than they can distill.
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