On Fri, Nov 21, 2008 at 2:15 AM, Michael Madigan <[EMAIL PROTECTED]> wrote: > Oil prices have dropped. from $145.00 in July to $50.00 in November. Demand > has not dropped. 66% since July. > > As you can see, demand has dropped around 4% since last year. > > http://omrpublic.iea.org/omrarchive/10oct08tab.pdf --------------------------------
Demand has dropped and their delivery of supply didn't. So when demand goes down and supply goes up you get huge price change potential. I am amazed that that they can keep that close to 2.00 per gal when their raw materials cost was cut by 2/3. I expected it getting to the low 1.20 range. -- Stephen Russell Sr. Production Systems Programmer Mimeo.com Memphis TN 901.246-0159 _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
