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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: sammaster who wrote (100697)	5/10/2008 3:52:01 AM
From: Elroy Jetson	Read Replies (1) of 206084

Some refineries will be able to change their product mix to favor diesel over gasoline more significantly at their next scheduled (annual) shut-down and rebuild. Those changes which which can be made without shut-down have already been made to expand diesel output. Most refineries will require significant upgrades to be able to shift their product mix. This will take several years, or longer, to complete. Marathon is one lagging refiner which has announced a plan to bring upgrades favoring diesel on-stream by 2011. At some point over the next few years the balance between the diesel fraction and gasoline will once again be in balance. Most refiners, like Chevron, have very good estimates of when this will occur and how much capacity will need to be changed. This is based on knowing everyone's refining capabilities and intelligence on who is making what changes. I don't know this information and couldn't tell you if I did. Until balance is restored, gasoline consumers will continue to enjoy a bargain - although they will surely not recognize it as such. This news story will elaborate. marketwatch.com .

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