As U.S. Refiners Recover, This Company Aims to Jump to the Next Level
Investment U (November 18th, 2009) Writes:
As U.S. Refiners Recover, This Company Aims to Jump to the Next Level
by Sheena Martin, Contributing Editor
Even as U.S gas prices climb, petroleum traders still have no interest in buying right now.
And why would they? The summer driving season is at an end. Consumers are still trying to save cash, especially with the holidays approaching. And inventories are still bearish.
Last week, the Department of Energy (DOE) said gasoline demand is at 8.844 million barrels per day – the lowest number since late January 2009. And with practically no demand, refiners are still running at only 80% capacity, on average.
So with refinery woes persisting, it might seem odd to devote attention to investments in the industry. However, that’s precisely why you should. A contrarian strategy often pays dividends – and the recent challenges have shaken out
...ceo, Contrarian Perspectives, David Fessler, Delek U.S. Holdings, Department of Energy, editor, energy, fellow energy expert, Investing Lessons, InvestmentU, Marathon Oil Corp., Oil Prices, Oil Refinery, Oxford Club, retail assets, Salt Lake City, Sheena Martin, St. Paul, Texas, The Oxford Club, Tyler, U.S. refinery, United States, USD, Uzi, Uzi Yemin


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