Sam Tilley
Sam Tilley
gasoline huge percent replaced saying
Governments are saying that 5 percent of gasoline must be replaced by ethanol, which is a huge amount. Where is it going to come from?
beyond cold crude gone high market prices push severe stock weather
The market has gone too high. We still have high distillate and crude stock levels. Only cold weather can push prices higher. This isn't severe enough to push them beyond $60.
capacity concern drop enables fact leaders major oil spare supply
The major concern is that there is no spare capacity to make up for any drop in oil supply from Iran, a fact that the country's leaders know and which enables them to be bolder than usual.