John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: richardred who wrote (19872)	9/5/2017 2:20:17 AM
From: John Pitera	2 Recommendations Recommended By mary-ally-smith sixty2nds Read Replies (1) of 33421

Hi Richard, so you are really down on the scene in terms of knowing the importance of the Chemical Ethylene, to the national and global economy...... what is your assessment of what would happen if Hurricane Irma clips the southern coast of florida or comes in over the keys and then rebuilding in the incredibly hot water (8 to 10) above average... and Irma were to go in and hit the LA, and Texas refineries again. If that were to happen ..... we are looking at a protracted Ethylene shortage that since it's used in the manufacture of plastics, extending the life of produce and number other applications.. If Irma were to hit the are effected by Harvey and the thing is a Cat 4 it's gonna really cause some damaged to these refineries that have already suffered structural weakness due to the widespread flooding... It has ever appearance of being able to create bottlenecks in the US and even global product of half of everything that is made..... That would be really devastating for economic output, sales, earnings.... write downs of all the damage and destruction ... We are looking at potentially the biggest disruption in business and the economy.... that it seems anyone can recall.... and you know there is no playbook to reference..... No easy numbers to feed into the spreadsheets, the computer models.... and wither-- Oct Gasoline it looks like it coming back into a very nice corrective buying one. the daily chart of RBOC Nymex Oct Gasoline (which is the nearby month)..... In the next several days with Irma on it's current track there is right now a chance it heads into the Gulf...... If we knew were the story was going to be in 72 hours into the future then we would have the answers. JP

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