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

To: Taikun who wrote (48907)	9/11/2005 6:17:45 PM
From: t2	Respond to of 206328

I also had the expectation crude would drop. Then I read China was going to begin filling the first of 100m bbl SPRs. Then I realized, if US refiners would have a Katrina-bottleneck it would represent an ideal time for China to begin accumulating aggressively, assuming they could book tankers (actually the fall is supposed to be shoulder tanker season) But I doubt China will ever tell us what they're really doing, so this can just be speculation. That is a interesting take. Makes sense. Rethinking the idea of 2 bottlenecks (pre-Katrina), one could say that in the US it was at the refinery level..and it was at the crude oil level on a global scale. Maybe that would make sense. (thanks to all for the replies to my original question)