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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (14666)4/27/2005 3:54:38 PM
From: Sam Citron  Read Replies (2) | Respond to of 25522
 
First, gasoline demand is up, but not up 40%. Then there's the element of risk premium in the crude price, which reflects vulnerability to potential supply shocks and extrinsic demand factors like Chinese macro policies, not just current oil supply/demand situation. Finally there is the pricing power in the US refining industry which has not seen new entrants in 30 years and is undergoing consolidation.

Sam