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


To: russwinter who wrote (42354)9/26/2005 7:19:51 PM
From: Jack Colton  Respond to of 110194
 
If the "strategeric" reserve was tapped 60 Million, and other countries sent 30 Million barrels, it seems that a glut of oil should be occurring, since the oil has no where to go due to damage to refining plants. Tankers should be lining up to dump their cargo, and temporary storage facilities (that can still accept more oil) should fill up.

Especially in light of the pipelines that cannot deliver the product to market.

This scenario should produce rising gasoline prices while oil goes down. Does that make sense?



To: russwinter who wrote (42354)9/26/2005 7:52:21 PM
From: Arran Yuan  Respond to of 110194
 
The real shock might be buried in this chart 12.42.70.96 . Look at the blue and green lines! Never seen at these high levels ever since I started peeking at the set quite a few months back.



To: russwinter who wrote (42354)9/26/2005 9:17:43 PM
From: NOW  Read Replies (2) | Respond to of 110194
 
Russ: your thoughts on this going off the chart:
omo.co.nz