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To: CommanderCricket who wrote (166273)3/26/2012 2:29:22 PM
From: elmatador
   of 186121
 
Brazil’s Petrobras Says Refining Shortfall to Last Until 2013
Message 28037609

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To: Dennis Roth who wrote (166294)3/26/2012 2:31:27 PM
From: t4texas
3 Recommendations   of 186121
 
after checking on various colonial pipeline expansions i find the company is expanding the pipeline multiple times to deliver gulf coast gasoline and diesel fuel to the east coast. all that oil that is or will be coming to the gulf coast refiners from cushing/seaway or the keystone xl pipeline will be refined in the gulf coast refineries and supply the northeast and other regions of the usa to relieve the refinery closings that are happening in the northeast. so the claim by some that all the bakken/canadian oil sands/etc. oil is just going to be refined into products that will just be exported to other countries is simply not true. sounds like the gulf coast refineries via the colonial might one day supply the northeast with all its refined oil products.

colpipe.com

businessweek.com

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To: teevee who wrote (166318)3/26/2012 2:31:35 PM
From: upanddown
   of 186121
 
A discount on domestic oil should therefore increase, not decrease.

I would think pipeline companies prepared to spend billions to bring additional supply to the GOM might disagree with you. What would be the point of building additional capacity other than to seek world (higher) prices?

We still import approx 4.5MMBD into PADD 3. Wouldn't some of those imports go elsewhere for higher prices rather than compete with lower-priced domestic crude for refining capacity?

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To: Jim P. who wrote (166311)3/26/2012 2:35:19 PM
From: StockGamer
   of 186121
 
The Fed and Obama are trying hard to prop up the US and the world before the election, so chances are the low of the economy and oil will happen after the election. If there is an agreement about the fiscal situation looming in 2013, things may work out OK. But I think there will be gridlock, and markets will respond to that before year end.

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To: t4texas who wrote (166322)3/26/2012 2:38:12 PM
From: Sweet Ol
   of 186121
 
I wonder if the closing of the East Coast refineries and moving that production to the Gulf Coast has anything to do with the NIMBYs and extreme environmentalist who have hindered the expansion in the past?

Probably not, it just boils down to simple economics.

Best,

JRH

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To: KyrosL who wrote (166276)3/26/2012 2:43:55 PM
From: t4texas
1 Recommendation   of 186121
 
plus he does not mention the giant port arthur, texas, motiva refinery expansion for saudi crude that was built as a jv between shell and saudi aramco. that was contemplated and built long before the china/saudi refinery was contemplated. also if the name of his blog is any indication, he expects economic collapse soon anyway.

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To: StockGamer who wrote (166303)3/26/2012 3:28:02 PM
From: Archie Meeties
1 Recommendation   of 186121
 
Excellent. We need more bearishness.

Personally I think the Dow goes under 10k because of the rising prospects of a BO win. He's been devastating for the markets and the economy.

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To: dvdw© who wrote (166173)3/26/2012 3:32:48 PM
From: Michael Gaudet
   of 186121
 
That could make a dog choke.

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To: Archie Meeties who wrote (166327)3/26/2012 3:39:44 PM
From: Bearcatbob
   of 186121
 
Geez Arch - we would not want to turn this board into a right wing rant forum - now would we?

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To: CommanderCricket who wrote (166315)3/26/2012 3:44:15 PM
From: Bearcatbob
1 Recommendation   of 186121
 
Trying to play an April 28/27 or May 27/26 BPS. Of course it ran up just after I entered my order. There looks to be good support at $30.

Bob

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