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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 (48829)	9/10/2005 2:49:19 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 206326

I understand the points you are raising -- but they don't explain the current situation. It may well cost more per gallon to transport and market a low volume product like diesel than a high volume product like gasoline. The problem is these factors were just as true last year as they are today. Yet the price of diesel per gallon sold at a significant discount to gasoline last year and, in many parts of the world, now sell at a significant premium to gasoline. Unless you can show that diesel distribution costs have quintupled in the last year, the issues you have raised are not relevant. I'm sure you can understand this if you think about it. Middle distillates are in very tight supply, during the last year, because the U.S. military is consuming large quantities of jet fuel and diesel - and Iraq is not producing any significant quantities of these products due to sabotage. The Romans had their heads handed to them in Iraq. Today Iraq is imposing a huge cost on users of diesel, jet fuel and heating oil. .