 | Peak Oil and the Financial Markets: A Forecast for 2008 | The Oil Drum | Holding Daniel Yergin and CERA Accountable |  |
233 comments on DrumBeat: January 10, 2008
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233 comments on DrumBeat: January 10, 2008
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RR, Do you have any idea why margins were so large last summer and why they are much tighter now?
$100/bbl perhaps?
RR, Do you have any idea why margins were so large last summer and why they are much tighter now?
Demand is pretty soft right now. Refiners have had trouble making price increases stick. You can see that in the fact that gasoline inventories have been building. If inventories were falling, price increases would stick and margins would firm up.