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To: energyplay who wrote (49638)5/7/2004 2:24:59 AM
From: elmatador  Respond to of 74559
 
Got it. Thanks, ep! I always tend to overlook the fact that companies are ran by accountants



To: energyplay who wrote (49638)5/7/2004 2:55:20 AM
From: Taikun  Read Replies (1) | Respond to of 74559
 
EP,

There was an oil analyst in an interview today with two interesting points:

1. Oil refinery margins have recently increased from $5 to $9 amidst higher prices

2. The price of oil, if you stripped out the speculation premium, would be US$30/bbl

brewindolphin.co.uk

Sound right?