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The Water Cooler
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Another Reason Not to live in CA. Gas hits record high.
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<blockquote data-quote="DPI" data-source="post: 1930989" data-attributes="member: 793"><p>I haven't read a thread with people complaining about fuel prices in a long time. A lot of people on here understand the energy industry is vital to the Oklahoma economy and many on here workin the industry including myself, your comments are inconsistent and across the spectrum. Basically you're slinging poo to see if anything sticks. And like GMT stated that PowerPoint talks about the possible increase in demand for diesel from a 2006 point of view and is essentially worthless to your argument. </p><p></p><p>Think about it for a minute. If the refiners produce excess diesel because its more profitable. Who are they selling it to? There is no demand for diesel internationally since Europe and other countries produce more diesel than gasoline. Even if gas was less profitable per gallon, they would make up the difference in total profit with volume because of demand. My original argument stands. Their is more profit in gasoline right now because of the spread in WTI and Brent. The refineries are processing as much as possible and exporting as much as possible to capture differintial in cost. Take a look at the stock trend for the refineries and what everyone is commenting on the driver. It's the spread!</p></blockquote><p></p>
[QUOTE="DPI, post: 1930989, member: 793"] I haven't read a thread with people complaining about fuel prices in a long time. A lot of people on here understand the energy industry is vital to the Oklahoma economy and many on here workin the industry including myself, your comments are inconsistent and across the spectrum. Basically you're slinging poo to see if anything sticks. And like GMT stated that PowerPoint talks about the possible increase in demand for diesel from a 2006 point of view and is essentially worthless to your argument. Think about it for a minute. If the refiners produce excess diesel because its more profitable. Who are they selling it to? There is no demand for diesel internationally since Europe and other countries produce more diesel than gasoline. Even if gas was less profitable per gallon, they would make up the difference in total profit with volume because of demand. My original argument stands. Their is more profit in gasoline right now because of the spread in WTI and Brent. The refineries are processing as much as possible and exporting as much as possible to capture differintial in cost. Take a look at the stock trend for the refineries and what everyone is commenting on the driver. It's the spread! [/QUOTE]
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Another Reason Not to live in CA. Gas hits record high.
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