Originally Posted by
JetPiedmont
One reason oil spiked today was that petrol inventories here in the US dropped unexpectedly so yes, one could say it was a "supply and demand" event. JP
Somehow I'm having a really difficult time believing ANYTHING coming out of our governments mouth concerning our oil supply. One week we have way too much, and the next we're hurting. It's turned into one big joke and it's being played on the American people. All I know is that a lot of oil people are getting extremely rich off us right now. BTW, the jet fuel "crack" spread is now over $25 a bbl which has jet fuel oil at $125 a bbl. Can't stay in business if this keeps up much more.