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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (9292)	4/19/2008 3:23:49 PM
From: TRINDY	Respond to of 50746

Greetings. Do you have any thoughts about Alon (ALJ), a company that is in somewhat of a similar boat as WNR? Thanks in advance.

To: jim_p who wrote (9292)	4/21/2008 7:48:10 PM
From: Aggie	Respond to of 50746

hi jim_p, Thanks very much for your insightful response, I may dip a toe as refiners are generally getting pretty beat up right now. I hope all goes well with you during this crunch; here in Trinidad people are moaning every where about the rising cost of staples, rice and flour, etc. I would place food inflation here at around 20% or slightly higher over the past year. Progress has also brought imports, and imports cultivate consumer dependency. Gasoline and propane is subsidized, but that can't continue forever, eh? The big problem here is getting the upstream gas drilled up and to market fast enough. That, and finding reserves replacement. Comrade Hugo, across the way in Venezuela, has rescued an old turret-moored drillship from the Indian scrap yards and has brought it here to be refurbished before it goes to work for him. On first appearances, it looks like it started life as a tea clipper. It will soon be put to work drilling up over 10+ tcf of gas that was discovered by Shell in the 70's. Good luck. I hope he has lots of domestic demand, because I can't see anyone putting 2 billion US on the table to build an LNG plant with a 20 year payout. And he doesn't have the cash, for sure - He just placed a windfall profits tax on the operator's side of the oil industry - (95 cents per dollar over $70/bbl, 97 cents per dollar over $100/bbl). Sound great, right? Except he just nationalised the industry last year (DOH!). The natives in VZ are starting to react poorly to empty shelves and equally empty promises of the worker's paradise. Interesting times we live in. Regards to all, Aggie