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Are
Crude Oil Prices Irrationally Too High?
We at Petral have noted with some interest that a variety of
"experienced observers of the crude oil market" now believe that
crude oil prices are "too high" by as much as $30+ per barrel.
Dan Lippe, Petral’s President, offers this observation.
Propylene
Prices Spike on Winter Supply Worries; How Much Will Feedstock
Propane Demand Increase?
During the past ten
years, a seasonal decline in ethylene feedstock demand for propane
during the first half of the winter heating season has been a
very predictable element of the U.S. supply/demand balance. Since
1984, feedstock demand for propane increased in the fourth quarter
in only two of twenty years (1985 and 2003).
September
2004, as told to the Washington Post:
"We’re at the beginning of a correction. After the technical correction
has run its course, all the bad news will come back into play.”
Our assessment of the outlook for prices for September 2004 remains
unchanged.
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