Be an Oil Refiner in Your Spare Time
Most of us didn’t aspire to the oil refining business as kids. Doctors or firefighters, maybe; not oil refiners.
Nowadays, if the comments made on our weekly oil industry reports (see this week’s at “Awash In Oil; Gasoline And Distillates, Too”), are to be believed, everybody wants to be a hydrocarbon cracker. Or at least make money like one.
Upon reading that crack spreads (if you’re not familiar with the terminology, see “Time For Crack Spreads”) improved this week, one reader lambasted oil companies, saying: “If you can’t squeeze consumers on crude, squeeze them at the pump.”
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
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Well, consumers and investors can squeeze right back thanks to the exchange-traded fund market. ETF investors, in fact, are now doing better than refiners in the old crack game.
Full Story: http://seekingalpha.com/article/133210-be-an-oil-refiner-in-your-spare-time
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