excerpted for Reuters
1 posted on
09/10/2014 9:43:33 AM PDT by
thackney
To: thackney
Lower energy prices would be a good thing in the Obama world recession.
2 posted on
09/10/2014 9:46:17 AM PDT by
1Old Pro
To: thackney
I don’t think the Chinese are too concerned about profit when buying into natural resource streams.
3 posted on
09/10/2014 9:54:20 AM PDT by
VanShuyten
("a shadow...draped nobly in the folds of a gorgeous eloquence.")
"However, Yanbu is coming online at a time when crude demand growth in Asia is disappointing, the region's refiners are struggling to make decent profits, crude priceshave gone into contango and Middle East producers are cutting official selling prices." ISIS isn't being helpful by selling stolen oil for 25 dollars a barrel.
4 posted on
09/10/2014 10:01:26 AM PDT by
Enterprise
("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
To: thackney
“If you could pick the worst set of circumstances in which to start up a giant, export-oriented oil refinery, you might well have them right now.”
A play to shake out other the ‘weak hands’ in the market by undercutting them with refined product; they will also have an advantage when things ‘turn up’.
5 posted on
09/10/2014 10:18:43 AM PDT by
_Jim
(Conspiracy theories are the favored tools of the weak-minded.)
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