06-17-2015, 10:03 AM
Just look back at the articles in here dating back to the beginning of the year where the Oil Thugs said Oil & Gas would stay low.
I said that is a lie and I am right as usual.
Refiners Profit as Americans drive more
Oil supplies are abundant. America’s refiners are running the hardest in 10 years. So why isn’t the country awash in gasoline?
More Driving
More drivers are taking road trips this summer and commuting to the office after the U.S. added 3.1 million jobs last year, the most since 1999.
Refiners aren’t running at almost 95 percent of their capacity just to meet a surge in U.S. demand. Gasoline exports were up 9.2 percent in the first quarter from a year earlier.
Demand is increasing as drillers are retreating from U.S. oil fields in response to the collapse in crude prices in the second half of last year. The retrenchment is beginning to spur reductions in crude production that, along with higher consumption, may drive prices to as high as $80 a barrel by the end of the year, said Verleger, president of the economic consulting company PKVerleger LLC in Carbondale, Colorado.
“What I’m seeing now is consistent with a tightening market and not one where there’s a surplus,” he said.
I said that is a lie and I am right as usual.
Refiners Profit as Americans drive more
Oil supplies are abundant. America’s refiners are running the hardest in 10 years. So why isn’t the country awash in gasoline?
More Driving
More drivers are taking road trips this summer and commuting to the office after the U.S. added 3.1 million jobs last year, the most since 1999.
Refiners aren’t running at almost 95 percent of their capacity just to meet a surge in U.S. demand. Gasoline exports were up 9.2 percent in the first quarter from a year earlier.
Demand is increasing as drillers are retreating from U.S. oil fields in response to the collapse in crude prices in the second half of last year. The retrenchment is beginning to spur reductions in crude production that, along with higher consumption, may drive prices to as high as $80 a barrel by the end of the year, said Verleger, president of the economic consulting company PKVerleger LLC in Carbondale, Colorado.
“What I’m seeing now is consistent with a tightening market and not one where there’s a surplus,” he said.