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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: XoFruitCake who wrote (40615)	3/23/2005 11:40:37 AM
From: CommanderCricket	Respond to of 206215

I've been watching the XLE all morning on real time charting. There are very large blocks going over at the ask since the inventory report. Check out the volume for the day already - 16+ million shares. Would not be surprised to see most E&P's close up today.

To: XoFruitCake who wrote (40615)	3/23/2005 2:52:29 PM
From: Think4Yourself	Respond to of 206215

Yes, China raised their gasoline prices 7% in an attempt to curb demand.

To: XoFruitCake who wrote (40615)	3/23/2005 3:03:55 PM
From: ihor43us	Respond to of 206215

"We have not see the high gasoline/diesel price get into our shipping cost yet .." Sorry to burst that bubble... <http://www.bizjournals.com/portland/stories/2005/03/21/story7.html?t=printable> High diesel prices drive truckers crazy Shelly Strom Business Journal staff writer Since January, the price for a gallon of diesel fuel in the Portland area has hit record highs. As a result, trucking companies and their customers are experiencing pinched profits and watching for even slight declines. "These are probably the highest fuel prices we've seen in the 10 years I've been keeping track," said David Braman, operations manager for Vancouver, Wash., trucking firm Mitchell Brothers. As of March 16, according to AAA Oregon-Idaho, the average local price for a gallon of diesel hovered at $2.66, down from an all-time high of $2.67 recorded by the club March 8. One year ago, the average price for a gallon of diesel in the Portland area was $1.83. A variety of factors -- record-high prices on crude oil, routine closures of refineries and strong demand -- has resulted in a short supply of diesel, according to a report released last month by the Washington state Department of Community, Trade and Economic Development. Because semi-trucks consume so much diesel -- they burn about a gallon for every five or so miles traveled -- the cost adds up quickly. It represents about 25 percent of a trucking firm's operating costs and is second only to the cost of labor, according to the American Trucking Association. "Start adding up an extra 50 cents per gallon and ... it's astronomical ... you're talking millions," Braman said. Mitchell Brothers, which employs 170 people, has a fleet of 150 trucks. The firm is passing on 96 percent of the price increase to its customers in the form of a 22-cent-per-mile surcharge, which is similar to surcharges applied by other trucking companies. Industrywide, surcharges span a range of 15 percent to more than 20 percent.