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

To: John Carragher who wrote (48789)	9/9/2005 7:13:46 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 206326

I can assure you that middle distillates are in short supply. If its not going for JP-8 for the military, which is what I hear, there is a gigantic mystery buyer of jet fuel. This problem also occurred periodically during the Viet Nam war. I would not be surprised to see Bush try to spin this so the refiners are to blame. .

To: John Carragher who wrote (48789)	9/9/2005 7:44:24 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 206326

If I hear any more fairy tales about how it is suddenly so much more expensive to transport diesel than it is to transport gasoline, I may get ill. Daily Times -- 9/10/005 Bearish Asian demand weighs on diesel market A global shortage of middle-distillate fuels — comprising diesel, jet fuel and gas oil — helped drive prices over $50 last year and was expected to keep up the pressure this year as refiners struggle to meet demand from European motorists, US truckers and Chinese businesses. dailytimes.com.pk *************** The Street.com -- 6/14/005 "There is certainly not a shortage of supply, there is absolutely no shortage," Reuters reported Saudi Oil Minister Ali al-Naimi as saying. Raising the production quota, he said, is "just symbolic." Naimi added that "middle distillates are in short supply as a result of the refinery configuration," according to the report. Heating oil futures, which are the benchmark for all distillate trading, rallied about 4% on Monday, exceeding the April all-time high of $1.659 to $1.67 a gallon. Some economists refuse to link higher crude prices to surging distillate prices, claiming that a distillate supply crunch is a direct result of a refining capacity shortage while crude supply is abundant. Others argue that heightened demand for distillates is propelling refiners to buy oil at high prices in order to produce as much heating oil, diesel and jet fuel as possible to meet market demand. thestreet.com ******************** The military is purchasing a huge portion of middle distillates for Jet fuel and diesel. Iraq is essentially producing nothing. When they talk about "refinery configuration" they mean few refineries are using the alkylizer to convert gasoline into high cost diesel and jet fuel. And why should they? .