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

To: Frank who wrote (41062)	3/30/2005 11:57:54 AM
From: XoFruitCake	Read Replies (1) \| Respond to of 206322

Frank, one of the reason may be there is a lot of refineries that are doing turn around now and shut down their entire line (VLO is doing 4 this quarter and 3 of them shutdown for 28 days. BP is going to do one in April with production in 200k bbl/day range). So you see a large build in crude but draw down on gasoline and diesel.

To: Frank who wrote (41062)	3/30/2005 12:14:52 PM
From: CommanderCricket	Read Replies (2) \| Respond to of 206322

Frank, What continues to surprise me is the YOY demand increases for gasoline, HO and especially jet fuel. Current prices are not cutting demand. By the way, aren't we suppose to be building gasoline inventories now? Does not look good for the ole road trip this summer. Another comment, when do you suppose we'll see the first LBO for an E&P? Certainly cheaper drilling on WS than in North America. Grabbed some shares in EGY, TGA, KCS and PGH near their lows this morning. Looks like capitulation to me. If not, I've got nice gains to book. Michael