I do regret selling WNR, HFC and ALJ. As I write this, the Brent-WTI spread is upwards of $20 and 321 crack spreads are north of $36, with gasoline soaring today. The price of gasoline is now retailing for $4.40 per gallon. As you get mugged at the pump, the crude is just sitting at Cushing, OK doing nothing.
Let’s not even discuss the oil being extracted from the Eagleford Shale. There is a desperate demand for pipeline infrastructure in this country, to get the crude and distillates moving. However, the EPA hamstrings them, fucking you directly at the pump.
As a result, refinery related stocks are enjoying a renaissance. HFC, TSO, WNR, CVI, DK, PSX, MPC and VLO are the new bankers. They are the guys stealing from you, with the help from the government of course. Truth be told, running a refinery business is capital intensive and they need to eat too. Nonetheless, do not complain when gasoline is retailing for $6.00+ when the war with Iran starts.
We have the oil and the capacity to refine it. We just don’t have the infrastructure to move it around–all thanks and praise to your local fucktard politicians.
31 Responses to The Refinery Scam Continues
Obama says we are gonna get solar cars. I like the sound of that.
He will bring down oil prices too. Bad speculators harming main street I hear.
Maybe if he just hosts some Muslim Brotherhood meetings at the White House and kisses more Saudi ass we can get to 80 a barrel…
Can’t go out at night in a solar car.
Actually plans are in for a Libya air strike. October surprise.
Not exactly as surprise since we and the Libyans know about it.
Every week the petroleum report reads that gasoline demand is weak too. I tried to fight it once but quickly realized the nefarious forces are simple just too nefarious. All hail the great oil man Obama. Maybe I should design a coal powered car where plumes of black smoke cake on nearby pedestrians petrifying them where they stand like a “Pompeii snapshot.”
Wait till after elections when he no longer gives a shit and helps out his Muslim masters by driving oil prices higher…
I am looking for a 4000 hp coal fired super-SUV with hob-nailed tires to drive around in the woods. I need it for owl hunting.
No way. I was thinking more like ROBOSAURUS. I will drive it down to the EPA offices and turn DC into a Mordor-like state with black funnel clouds in the afternoon sky.
Love it! We could have ‘monday night Rehabilitation’ with the Dildozer!
In general I loathe advertisements and even the industry; and if the following turns out to be another false representation of company image, I will hold to that. But, to continue on with the story, I saw a really cool ad on the side of a trucking-line semi last week while waiting at the intersection to board the I-5 freeway. Its tag-line was: Bridgestone or nothing. (No fact-check on brand since I saw this a week ago and the truck’s not there anymore). And the image was of some random vehicle, sci-fi-style, hovering over the road, steam billowing under the polished personal transportation utility, for effect. Made me wonder what kind of technology, research, development and strategy that company is invested in..
Thanks to a CA refinery fire, gas station owners around here are saying they have zero allocation. I’m guessing it’ll be over $5 within a week. Filling up today!
Politicians will never solve any problems or properly administer any solutions. It’s a real problem. I wish they’d just get the heck out of the way and let the professionals take care of the mess before they bomb another one into existence.
Who are the “professionals?”
If you have to ask, you can’t afford their fees.
Fly please check out the LOL V.Kingdom , V.King post…developing
I DO think the small rally is due to Romney’s success last night in the debate.
Atlas Shrugged Part I
Mid day Chop Chop Chop. Like VLO, YELP and GOLD
Hello, my name is George, I do the opposite.
When FM first started they had a similar run. Every night Dylan would ask what should people buy? Every night Eric would answer TSO and VLO.
They ran forever and then had a blow off top and crashed.
Charts show history repeating itself.
It’s tough to have the correct thesis for so long you give up on it, then it comes true. I had a bunch of refinery stocks, held them a long time then sold out for basically flat money.
Breaking News! A new blogger has been “Knighted” over at The V.Kingdom…Was it you? Only one way to find out….
NFLX ripping tits
Long tug boat drivers to the Oil Hub
Still amused by the carnage of last nights debate….
Perfect illustration of the Peter Principle.
I have a question for all. Do you think Tablet has enough function and power to day trade and research ? I’m debating myself to get one or other since my PC is getting old. Thanks all.
Get a laptop, if you’re looking for functionality. Tablet if you’re too lazy to drag that around and can’t go anywhere without the illuminatiWeb.
Thanks L.K.W !
Tablets are for web cruising, picture, reading and games. Stick with a laptop.