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To: Think4Yourself who wrote (39401)3/9/1999 10:33:00 PM
From: Broken_Clock  Respond to of 95453
 
Noesis(there i go again!) has an interesting analyses tonight and I think he touches on this point. he also has revised his price chart upward slightly for the near term only, along with an explanation(and cautionary statements) as to why.



To: Think4Yourself who wrote (39401)3/9/1999 11:19:00 PM
From: Dwight E. Karlsen  Read Replies (2) | Respond to of 95453
 
How often does DOE report? I trust their numbers more than API. Same-old same-old.

On the Venezuela topic, I wonder why they seem hell-bent on driving prices back down? Doesn't make sense, unless they're trying to take market share.

The winter storm hitting the midwest and spreading east, that's about the only good news for the patch tonight.

Guess I might follow Slider after all, though I'm not really happy about it. But I wouldn't mind getting a lower holding price, and this might be the chance. I'd love FLC at $5.



To: Think4Yourself who wrote (39401)3/10/1999 7:32:00 AM
From: marc chatman  Respond to of 95453
 
<<Anyone care to venture a guess as to how gasoline stocks went up so much when refinery runs were down significantly??? Could demand have dropped that much?>>

Just speculation, but there weren't many cars on the road here for several days this past week due to the snow storms. My area got hit the worst, though; I don't know whether other northeastern cities experienced a similar slowdown.



To: Think4Yourself who wrote (39401)3/10/1999 8:30:00 AM
From: JungleInvestor  Respond to of 95453
 
My guess - Maybe gasoline stocks went up so much due to the snowstorms and less driving. Also refiners switched out of distillate production to gasoline production prior to the summer driving season, so even though refiners cut back, perhaps they are producing more gasoline.