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

To: elmatador who wrote (6934)6/3/2006 7:24:41 PM
From: TobagoJack  Read Replies (2) | Respond to of 217709
 
i know the refineries for such crude is not plentiful, and many of them in china;

but still, the news item calls for questions,

#1 being ... why did they take it out of the ground if they did not have it contracted for, and

#2 is, given china is known to be filling strategic reserve tanks, why is china not buying the 'excess'

something is not quite right, and so leads to question #3 ... who owns the crude? hedge funds, nation states, or iran state oil?

we will find out, eventually, by watching price action, for the marke knows all


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