Eugene David ...The One-Minute Pundit |
|
Friday, July 24, 2009
Every time stocks go up oil goes up, which makes a lot of, say, Goldman Sachs people and other non-speculators very happy.
U.S. supplies of distillate, including both heating oil and diesel, are at a 24-year high. Dozens of tankers have been hired to store unwanted fuel worldwide. Slack demand through the winter would force refiners to cut back sharply on crude processing in order to relieve the fuel glut, which would in turn reinflate oil inventories. All the more reason to BUY!!!!!!!!!!
|