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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (80036)4/19/2008 6:17:53 PM
From: Real Man  Read Replies (2) | Respond to of 94695
 
They must have lost some money...



To: Elroy Jetson who wrote (80036)4/19/2008 8:10:09 PM
From: Paul Kern  Respond to of 94695
 
Gasoline prices have not risen in proportion to crude oil prices because refinery profit margins have collapsed.

Reverse that.

Refinery profit margins have collapsed because gasoline prices have not risen in proportion to crude oil prices .



To: Elroy Jetson who wrote (80036)4/19/2008 9:47:46 PM
From: saveslivesbyday  Read Replies (1) | Respond to of 94695
 
During the Katrina era, the oil moglopolies raised gas prices in tandem with oil prices - and other than some bantering from congressmen got away with huge profits quite easily.

Now there is likely strong intervention in the other direction, ie US govt pressure to avoid raising the cost of gasoline, otherwise the advertised "mild recession" will turn into a severe one overnight.


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