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


To: jils who wrote (67994)7/25/2006 9:30:45 AM
From: CommanderCricket  Respond to of 206281
 
Wasn't this fire discounted last week?

Paul Harris, head of energy and emissions at the Bank of Ireland Global Markets in Dublin, said the market also was reacting to news that the Amuay refinery in Venezula will close for up to eight months due to fire damage.

"The refinery supplies significant gasoline to the U.S. and comes at a time when gasoline consumption in the States is on the rise," said Harris.

Gasoline rose after Reuters reported that a crude-oil distillation unit at the Amuay refinery in Venezuela was damaged by a fire and will be shut for five to seven months.

The refinery sends about 2 million barrels of gasoline to the U.S. a month.

Ed