Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Linkdog who wrote (44914)	5/18/1999 10:52:00 AM
From: Think4Yourself	Read Replies (2) of 95453

Seems to me the refiners like Shell complaining about the price of oil is the pot calling the kettle black. The Doomberg API article predictably claims API numbers will be bad because gasoline stocks should go up. Everyone has been focusing on Oil and how OPEC can't match supply to demand, causing pricing and profit problems. What about the refiners? They are just as impotent, if not more so. Now that OPEC has got their act together the refiners are whining because they can't get high enough profit margins on their products to offset the price of oil. They blame the price of oil rather than admitting they are unable to match THEIR product supply to demand. If they could then oil prices would come down and gasoline prices would go up.

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