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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (69986)	7/20/2008 11:50:22 PM
From: Snowshoe	Respond to of 74559

Oil demand destruction is happening thru economic weakness, conservation, efficiency, and fuel substitution. Reliance Industry's huge new 580m bpd refinery expansion in India is starting up now, allowing more heavy sour crude to be tapped. Here in the US the natural gas pipeline network is expanding, so more customers in the northeast are switching from heating oil to gas. There's also a surge in wood pellet heating to replace heating oil. Given the current correction in oil/ng prices, I'm going to start stalking the energy stocks.