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

To: KyrosL who wrote (28337)	1/24/2008 4:08:10 PM
From: carranza2	Read Replies (1) \| Respond to of 219763

Of course crack spreads for WTI suck right now, but that is only a part of the VLO picture. Look at the rest of the chart more carefully, specifically the differential between WTI and the more sour stuff, then consider that VLO is the premier sour refiner in the US. There are lots of tea leaves in that chart, esp. at the bottom, where there is a bit, a tiny bit, of historical crack spreads, but finding out more about them in more depth is easy as can be. Then consider that sour is becoming more and more the bulk of the oil which is being refined. Then consider that it is mid-frickin' January and no one is driving cross-country unless they have to. A recession, humph, perhaps people won't fly places for vacation, perhaps they'll drive to the beach or to see Granny or whatever. A 10% swing is just a swing, so what. Irrelevant. To each his own.

To: KyrosL who wrote (28337)	1/24/2008 6:59:41 PM
From: elmatador	Respond to of 219763

US government gives back money to tax payer: result will be less money for US government to spend. This points to cuts. Cuts are targeted. Stimulus is widespread to the general public. Thus we will see a big battle in the future to see whre the cuts will be. Widening federal deficit looms over economic stimulus talks azcentral.com Kevin G. Hall McClatchy Newspapers Jan. 24, 2008 12:00 AM WASHINGTON - A cloud hangs over the Bush administration and Congress as they try to shape an economic stimulus plan: the federal deficit. Iraq war costs of $9.6 billion a month and a gaping federal deficit that's funded by borrowing from foreign governments limit how aggressively the U.S. government can cut taxes or boost spending to fend off a recession.