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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: oilbabe who wrote (58283)1/11/2000 10:38:00 PM
From: kormac  Respond to of 95453
 
API's weekly report shows a huge 3.9 percent decline in refinery
operations, not surprising considering how bleak refining margins have
gotten. The biggest single decline came in the Midwest, where utilization
rates dropped 8.3 percent from 91 percent of capacity to 82.7 percent. Gulf
Coast rates declined 3 percent and East Coast rates sunk 1.2 percent for the
week.
Gasoline stocks revealed a huge 4.082 million barrel rise in nationwide
stocks. Most of the gains came in the East, Midwest and West Coast. East
Coast stocks alone swellGulf Coast gasoline supplies slipped 2.133 million barrels, as producers
seemed to favor producing distillates because prices have been higher.
Indeed, Gulf Coast distillate inventory rose a hefty 2.5 million barrels,
accounting for all of the 2.4 million rise in national supplies. Other
regions showed minor changes week to week.
It is noteworthy that implied demand for distillate and gasoline dropped
sharply. Gasoline demand fell to under 8 million b/d, off almost a million
barrels per day for the week. Distillate demand dropped 640,000 b/d to 3.27
million b/d, way below recent weekly levels.
Finally, crude oil stocks jumped 1.7 million barrels nationally, a result
of lower refinery production.
The report has caused overnight NYMEX ACCESS prices to decline by about
0.5cts gal, following the day's 2cts rise in distillate and 1.76cts climb in
gasoline futures prices. ed 2.96 million barrels, besting the 1.386 rise in
West Coast gasoline stocks and the 1.044 million climb in Midwest inventory.

by Ben Brockwell



To: oilbabe who wrote (58283)1/11/2000 10:48:00 PM
From: SargeK  Read Replies (2) | Respond to of 95453
 
I have posted a message on Clear Station:
clearstation.com; in an attempt to get away from some of the trash on YAHOO whose primary purpose in posting is to disrupt communications between interested investors and to reduce subjective FGH posts on this board. I am interested in ALL views as long as they are objective, supportable by rational thought and facts. All information and points of view (positive or negative) are welcome as long as they are NOT abusive, harassing and/or threatening.

My first post on the Clear Station message board was immediately followed by abuse and harassment.
I reported it to the Webmaster who very courteously reviewed my complaint, deleted the offensive message and revoked the posting rights of the offender. The Webmaster indicated that any further abuses would be dealt with accordingly.

I am posting this message here, so other investors wishing to exchange information, analysis and ideas will have a CLEAN forum for expression. The message board has excellent, customizable charting facilities, a means of rating the stock by posters, in addition to the discussion board.

I have gained valuable information and insight from this message board and wish to thank those who provided it. I hope to see interested FGH investors on the new board. We are all in the same BOAT and the common mission is to make money.

Best regards,

SargeK