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To: dirtboy

Econ 101 my friend. given constant demand for finished product a refinery shut down lowers supply thus prices rise.


18 posted on 08/01/2005 11:24:07 AM PDT by hubbubhubbub
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To: hubbubhubbub
Econ 101 my friend. given constant demand for finished product a refinery shut down lowers supply thus prices rise.

That would affect the price of gasoline, or the output of the refinery. Not the feedstock crude that goes INTO the refinery - if refineries are buying less oil because of a couple of shutdowns, demand goes down and prices of crude should FALL.

22 posted on 08/01/2005 11:27:15 AM PDT by dirtboy (Drool overflowed my buffer...)
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