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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (6785)5/25/2006 9:06:52 PM
From: TobagoJack  Respond to of 217825
 
same here, own cos, and not looking at it day to day
position has already 3-4x, but had sold some on the way up, still one of the largest single positions

agree that it all hangs on wti to a large extent, and same with sec ruling

i am optimistic on several scores:

- reserve is reserve is reserve
- peak oil must be
- safe oil is better
- inflation is the political imperative
- hyper inflation is an accident waiting to happen
- oil is still cheap



To: Wyätt Gwyön who wrote (6785)5/26/2006 8:42:10 AM
From: carranza2  Respond to of 217825
 
Message 22476485

I don't know if you are aware, but the local [NOLA] VLO refinery sustained an explosion a few days ago. Don't know the effects or how long the repairs will take.

Also, a major local corporation is planning for 5 evacuations this storm season. I think it is basing this planning on the fact that steering currents which would normally steer storms to the east are moving a bit north, which is going to be deadly for the Central Gulf and East Texas.

The currents' move north seems to be a function of global warming, which causes tropical/equatorial air masses to bulge, pushing the steering currents slightly north in the northern hemisphere and south in the southern.

The implications for oil and oil refiners in the GOM should be obvious. And for oil sands, too. Not to mention my town.