If I were an oil producer right now I would be on a steady diet of Sonesta.

On Thu, Jul 30, 2015 at 11:06 AM, Curt Raymond via Mercedes <
mercedes@okiebenz.com> wrote:

> Also the price of oil has been way down for a long time. What is the time
> horizon for that cheap oil to actually get to refineries? 6 mos?
> A middle east refinery coming on line would probably see Europe getting
> some of its oil from there since it'd be closer and easier to ship across
> the Med than the Atlantic...
> -Curt
>
>       From: Andrew Strasfogel via Mercedes <mercedes@okiebenz.com>
>  To: Mercedes Discussion List <mercedes@okiebenz.com>
> Cc: Andrew Strasfogel <astrasfo...@gmail.com>
>  Sent: Thursday, July 30, 2015 11:02 AM
>  Subject: Re: [MBZ] Why diesel prices are plummeting
>
> What no one has mentioned is that diesel and fuel oil comprise demand for
> the same product.  In summer there is no demand to heat homes so diesel
> pirces MUST fall, in addition to everything else.
>
> On Thu, Jul 30, 2015 at 10:01 AM, Curly McLain via Mercedes <
> mercedes@okiebenz.com> wrote:
>
> >
> >>
> >> This indicates two things.
> >>
> >> 1. The European economy is slowing down. We export millions of gallons
> of
> >> diesel to Europe,
> >>
> >> 2. The US economy is slowing down. Less demand for product = Less OTR
> >> trucks = less diesel consumption,
> >>
> >> Enjoy the low prices, the economy is getting ready to collapse.
> >> Probably after the Fed raises rates in Sept. or Oct.
> >>
> >> Rick
> >> You heard it here first.
> >>
> >>
> > But, but, but, our dear leader sez the economy is growing and life is so
> > wonderful he could easily be re-elected!  His fawning ministers of
> > propaganda also say so.  Surely he will dismiss congress and issue an
> > executive order to re-elect himself so the good times will continue!
> >
> > gotta find that bummer-phone so i can call in for unemployment, then
> gotta
> > buy some pop with the EBT card to sell on the corner fer cansh fer hash,
> > then da ol lady gotta open the AFDC check an cash it so we can pay rent
> on
> > the section 8 house.  ...
> >
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