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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (40967)	9/6/2005 6:10:11 PM
From: patron_anejo_por_favor	Respond to of 110194

LOL, I said "it APPEARS" unleaded stocks are higher. We both know that's bull$hit! Let's see how long those prices can stay submerged, I think they'll need an axe to knock their way through the roof before too long..... Fill up yer tanks if prices at the pump dip everyone, you may not get a better chance for a loooooong time, like maybe forever!

To: ild who wrote (40967)	9/6/2005 6:15:33 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 110194

>>IMO October gas futures were sold on the idea that refineries recover<< I'll say it again...the 3 refineries in Chalmette are not going to recover anytime soon, if ever, they're under water and one of them (Murphy) has been noted to have sprung a leak, meaning the DEQ/EPA people are probably gonna shut it down even longer for remediation. Plus, who da f*ck is gonna run it, the National Guard? They're the only ones around, and are the only ones who are gonna BE around for a looooonnnggg time. Ditto the other 2 Chalmette refiners. Pascagoula's the best hope of the three, but it sounds like they took a severe beating from the wind, so we'll see. pannexresearch.com Just a thought....most European consumers pay twice (or more) what we pay at the pump for gas. Why in hell would they keep sending us product, so we can continue to drive our Hummers at a subsidy? Expect a backlash politically there if they are asked to keep it up.....

To: ild who wrote (40967)	9/6/2005 7:02:49 PM
From: russwinter	Respond to of 110194

sold on the idea that refineries recover and supplies from Europe> The specs got very long (37,041) HU in particular, so this mostly has to do with a normal correction, amplified by hitting their stops. Nothing has changed fundamentally for HU, the gasoline from Europe will be slow arriving, if at all, Message 21677329 and nearly one million bpd of refining looks to be down for some time. finance.messages.yahoo.com NG shut ins are bouncing back from the worst levels of 8.8 a day on 8-30, to 4.16 (7.5% of US production) as of today. However there are three key NG processing plants in La that have been flooded, biz.yahoo.com so that will also be a key issue. CL may be capped here as long as SPR is released at one million bpd. After a couple months of that, and if there is more disruption, the market might start asking questions. 870,000 bpd (16% of US production) was shut in as of today, so coming back slower than NG. Meanwhile the Chinese just fill their SR at cheaper prices.