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Implications of 25+ inches of rain on Houston refineries?
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JonSCKs
Posted 8/27/2017 18:32 (#6213626 - in reply to #6213617)
Subject: Stocks..


Here's the Gasoline stocks.. at the end of summer.. so seasonally down.. but uptrending over time since the shale revolution.

( https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGTSTUS1&f=W )

Wow.. now that you bring this up.. there might be some smoke here..  If I wanted to NAIL the US refinery system.. this would do it!!  IF it actually does some damage.. ???


bulletproof?  ( https://www.youtube.com/watch?v=4gG6ST0DVkw )

ethanol margins have been under assualt all summer from overcapacity and the loss of export markets.. now we'll find out how the petrol wolves like it with the possible loss of capacity on their foot...  ??

Can ethanol find a gap?  If so..  hmmm..

Brent was/is trending higher vs WTI.. as the US has still been "robust" on crude production.. If the margins work.. Houston is an IMPORT hub.. but they also switched some pipelines from INLAND TO Houston.. reversed them as Bakken came online..

buy the rumor sell the fact.. or ??  Domestic Crude S/D is similar to Domestic Corn S/D.. 

Hurricane and a Frost could change all of that though...??




Edited by JonSCKs 8/27/2017 18:38
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