Tara I believe I said last winter that we would see $60 before we saw $30...  and we did.  Which I acted on.. I posted back in February how I was locking Diesel Fuel Prices in.. which turned out to be a good move for the summer.

If I recall.. you were saying that the ethanol grind was going to sink as Crude Oil prices retreated..??  And yet we set new production records for ethanol this summer.. twice.. 992 k bbls the week of 6/5/15 and 994 k bbls the week of 6/19/15.

and yet ethanol stocks have fallen... as demand has averaged almost 1 myn bbls per day for most of the summer. 

Sat's money flows.. and policy from the State Department are.. coupled with recent weakness in Overseas markets.. pushing Crude Prices lower.

Make no mistake though.. we are parking rigs.. and US production is rolling over.. "It's only a matter of time" until this reduction will be felt in the market.

A case can be made that an 08/09 economic meltdown would temporarily push markets lower.. ???  I won't argue that.. whether it comes to pass?  Who knows?  Things are progressing though.. and KSA's objectives remain in their sites..  They could just as easily declare victory and shut the pumps in.. or keep the pressure on..  Flip side.. Hurricane Dennis.. keeps drifting towards the gulf.. will it make it to the rigs???

http://theadvocate.com/news/13210109-123/area-of-low-pressure-off

Meanwhile enjoy the cheap gas.. while it lasts.

ps.. I'll post another perspective on Crude Oil in a new thread.. (afterall it is an interesting topic for the weekend..)

Cheers.