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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Logain Ablar who wrote (44847)	6/10/2008 4:43:28 PM
From: Johnny Canuck	Read Replies (1) of 69791

I think the short term issues is still refining capacity. Most of the refiners have negative profit margins as they have forward sold production at lower prices. As a result the rise in the price of oil is not being passed on. Due to the negative margins none of the pure refiners have a reason to build more capacity.

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