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Re: Swampdude post# 14851

Sunday, 08/27/2017 9:00:28 PM

Sunday, August 27, 2017 9:00:28 PM

Post# of 18980
Yo Dude!!!! The way I see it oil is getting to the refineries but is not being refined. Shell, Valero, Exxon, Phillips, Conoco and such all shut down their refineries. Sooo... no oil being refined, oil is building up in the reservoirs in Cushing, PADD's and such. Imports can't get in but will be able to unload within a couple of days. Exports are also down but of little concern as they're very small in the big picture... gasoline, on the other hand is up huge. What's left in storage is becoming more and more precious. Up 4.6% so far tonight. But unfortunately, no leveraged ETF to play gasoline (RBOB in NY harbour)....

Make sense?
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