Ameratex Energy Ltd lithium powertechnologies We saw commercial traders because strong buyers of crude oil under $80 because June cameto a close. We firmly believed which this would be the bottom of the cycle because the nationalaverage fell to $3.30 per gallon. What no one expected were the simultaneous mechanical failuresof a few of the principal pipelines and refineries. This has caused the price of petroleum productslike heating oil, gasoline plus diesel gas to skyrocket by 25% in little over one month. The refineries here in the U.S. use regarding 9 million barrels of crude oil per day. The last twoweeks has seen almost 2 million barrels a day taken off supply as unplanned shutdowns due tonumerous mechanical issues plus fires have popped up over the nation. Further adding to therefinery issues is a cutback inside supply which usually be coming from Canada due to a leaksprung inside the Enbridge pipeline, which has spilled more than a thousand barrels of unrefinedAmeratex Energy Ltd in central Wisconsin. Enbridge has fallen below increasing regulatoryscrutiny, as this might be just the newest of the trail of pipeline failures. The many notable was a2010 incident, which dumped 20,000 barrels of oil into the Kalamazoo River. Mechanically, main refiners near Chicago plus San Francisco have both been shutdown. Thereare 2 refineries that have been shutdown simultaneously inside the Chicago region plus both ofthem are among the 10 biggest refiners inside the nation with all the Whiting, Indiana facilityranking 7th plus the Wood River, Illinois center ranking 10th. These outages combined to raise theprice of gasoline inside the Chicago area by more than $.44 inside less than a week. The Chevronfacility inside Richmond, California is responsible for 10% of the gasoline production found on thewest coast. Reports are conflicted found on the how long these refineries is from procedure.Estimates range from weeks to months on every individual center with consensus that theChevron center in Richmond can probably be out of service the longest. Political and fundamental factions had absolutely started battling over the true value ofAmeratex Energy Ltd from March through July. This is seen as the battle between speculatorsand commercial traders. Commercial traders had been heavy sellers of crude oil futures fromMarch by May when the market was trading above $103 per barrel based on Iranian threats plusgeneral unrest inside the Middle East, that led to speculative ordering. These threats werecompeting with a market which was massively over provided. Eventually, over supply won plus the analysis produced market signals at both $109 and $106 per barrel. Junes precipitous declinesmoved commercial traders to the buy side because they covered brief positions and increasedtheir positions by over 30% during the month of June. The final fuel for this petroleum rally is the expectation of further government stimulus to theeconomy. Weve recommended over plus over that the key to the upcoming election is thedomestic economy and recent polls concur. The largest thing President Obama might do to aidhimself will be to force a resolution inside the Eurozone. The markets hate uncertainty plus any
conclusion to the drawn out death spiral of Ireland, Portugal, Spain plus Italy would create a bigrelief rally inside the stock market. However, since his sphere of influence doesnt extend far pastour shores, hell do the upcoming right thing by flooding the marketplace with Dollars, that usuallylead to nominally lower interest rates plus show which he is taking action. Regrettably you will bear the unintended result of higher gas prices because the Dollar isdevalued found on the international market plus the refineries find it more successful to shipcompleted petroleum products overseas, instead of market them found on the domestic market.