Goldman analyst states Oil prices to enter "super-spike" phase

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Dec 14, 2005 | 07:23 PM

#16

Jackass

Registered User

Joined: Aug 2003

Posts: 269

From: Metairie La.

Re: Goldman analyst states Oil prices to enter "super-spike" phase

Quote:

Originally Posted by km9v

His name is Lee Raymond.

Increaseing refinery capacity is done only in small percentages. (i.e., 350K bbl/day refinery increases throughput 1% => 3500 bbl/day) And that increase also takes time & $$$ to engineer & implement the removal of bottlenecks that currently limit throughput.

BTW I lived in Metairie most of my life, How's things there? Life getting back to normal?

Somewhat. There is still a lot of businesses closed on Veterans. They are still picking up debris.

Yeah, that was his name. That small increase in refinery capacity won't support a significant increase in U.S. demand.