Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (52660)	8/3/2004 4:51:07 PM
From: Jim Willie CB	Respond to of 89467

I asked a direct question to a knowledgeable energy expert how long in days is the pipeline for crude oil to leave a Persian Gulf port, and arrive as gasoline in a dealer gas station ??? he said: 40 to 45 days on a more practical basis, gas stations take delivery about once per week or so when they replenish, they raise prices as new supply costs more in the meantime, they are free to raise prices, but lose business from the guy across the street or down the road if they all act together, they all make more money together on margin dont worry, gasoline will go up a dime very soon get ready for $2.50 gasoline on the east coast and $3 gasoline in Marxist California isnt it amazing that Wall Street firms cling to their "eventual sub-$30 crude price" expectations ??? they are clueless actually, one must consider that energy companies rarely go to Wall Street for finance capital they have enormous cash flow they have other financial backers so WS maintains moronic forecasts on energy prices, which support lower expected share prices for a raft of energy companies they do make money on other companies what they should say, if honest, is ..... "we dont make any investment banking profits with energy companies, so we dont recommend them... so please consider teh stocks which we recommend and make money off" last summer 2003, they maintained forecasts of $24-30 oil those numbers came from Arab price band targets what we may be seeing is the WS brokers not putting much thought into the process, and simply going with OPEC goals those price bands are not manageable over a year ago, I predicted oil would be priced in euros, one way or antoher the "other" way is evident now with a falling US$, OPEC now moved their price band up to $26-34 even that will not be maintained, since China & India demand is rising put Russian supply disruption into the equation, and you get a clusterfark of course, that could be Putin's objective / jim