At what percentage does everyone think the refineries are running on? When was the last time a New refinery has been built, Not inlarged? The next refinery I know, is going to be down in Lousiana and it's going to costs Billions. I have also heard rumours about more Nuclear, which has many drawbacks. Looks like the U.S. will be staying in Iraq no matter who becomes the next President. Way to dangerous for National Security if Iran gets control of Iraq's oil. Then we would see close to $300/barrel, in my opinion. I'm very happy now that oil is at or over $100/barrel. I still think the bottom price for Oil will be near $80/barrel and the top is not tested yet. If Larry gets the pumps to maximize and still has a drilling rig on call, ALRY has alot of room to move way up.
One last thing, about the analyst saying it's not about Supply and Demand. It really is about Demand and Supply, the Demand is in China and India and the supply is from the Mideast.
Good luck to all!
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