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It don't make sense

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It don't make sense

Unread postby Carlhole » Wed 01 Jun 2005, 16:38:45

Someone else on these boards had pointed this out long ago: If the refineries are, for one reason or another, a bottleneck, then the price of crude should fall as crude backs up in the marketplace. The price of REFINED petroleum products would become dear because the refineries are unable to produce enough.

However, news stories like the one posted today state that th reason crude is rising in price is because of refinery problems. Refinery problems should make the price of crude FALL. It don't make sense.

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"Crude oil had the biggest gain in almost six months, topping $54 a barrel in New York, as refinery malfunctions raised concern that refiners won't produce enough gasoline to meet peak demand this summer.

U.S. refineries have increased operations to about 95 percent of capacity as they struggle to meet growing demand. Royal Dutch/Shell Group shut two units at its Deer Park, Texas, refinery on May 30. Analysts were divided on whether a report tomorrow will show that oil supplies rose or fell last week after an unexpected supply decline the week ended May 20."
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Unread postby The_Virginian » Wed 01 Jun 2005, 16:40:51

aGREED.
[urlhttp://www.youtube.com/watchv=Ai4te4daLZs&feature=related[/url] "My soul longs for the candle and the spices. If only you would pour me a cup of wine for Havdalah...My heart yearning, I shall lift up my eyes to g-d, who provides for my needs day and night."
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Unread postby RonMN » Wed 01 Jun 2005, 16:44:17

It makes perfect sence...we are being LIED to.
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Unread postby pip » Wed 01 Jun 2005, 17:12:21

What makes sense is that the news people don't understand what they are talking about.
The road goes on forever and the party never ends - REK
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Unread postby Roy » Wed 01 Jun 2005, 17:54:16

I was thinking the same thing but on a different level.


Silver at $7.45, USD at 88.14, and the DOW up 85 points-- all today.

Shouldn't silver be going down if the $ is going up?

The market, seems to drop when oil spikes as well, in the short time I've been watching it. Today just the opposite when oil sees its biggest increase in 6 mos.
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Unread postby OilsNotWell » Wed 01 Jun 2005, 18:02:11

a CONundrum indeed.
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Unread postby Jack » Wed 01 Jun 2005, 18:32:03

$this->bbcode_second_pass_quote('RonMN', 'I')t makes perfect sence...we are being LIED to.


Once upon a time, there was this stockbroker....when asked why the stock market was up, he responded "More buyers than sellers.'

I think that the media doesn't understand the truth, and the public could not handle the truth. And so we have the ignorant telling pleasing lies. My, what a combination!
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Unread postby Specop_007 » Wed 01 Jun 2005, 19:10:35

8O

Thats so obvious its stupid!

But, I would fully agree with you!!

Talk about overlooking the obvious, Jesus.

8O

GOOD THINKING! 8)
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