VLO: Valero Energy Corp. Message Board

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Gold/Mining/Energy : VLO: Valero Energy Corp.

VLO 177.51

-1.9%

Nov 12 3:59 PM EST

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To: manalagi who wrote (168)	5/11/2007 11:46:24 AM
From: carranza2	Read Replies (1) of 299

Well, the current buzz is that OPEC is not going to be able to set production quotas high enough to meet current demand, including a tremendous rise in Chinese demand, especially since there won't be an OPEC meeting this Summer, so the refiners are still golden. I am not buying any of them at these prices, however. I am looking at FCX because I think the copper/gold combo is fabulous, but wonder about two things, i.e., being late to the party and the political risk it faces. It nullified some of the political risk by purchasing Phelps Dodge, but there is still lots of it. It was a local company, and I had plenty of acquaintances who worked for it. I should have been paying more attention.

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