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    Searching For A Bottom


    Painting a W Bottom

    The WTI chart seems painting a W Bottom. It could test the region of 44’s, it could shot up from here to higher prices, or it could drop below the 44 region. However, I my view the risk in on the Shorts.

    There are too many fundamental signals that this price depression has annoyed the majors to a point of action.

    Technically, a W shape (double bottom] is a good indicator of a significant change in direction.




    PDVSA, Valero in talks to restart Aruba refinery units
    By Marianna Parraga, Reuters         December 2, 2013    08:08:00 AM
    HOUSTON, TEXAS (USA) – Venezuela's state-run oil company, PDVSA, and U.S. refiner Valero Energy Corp are running tests to evaluate the restart of five units at the 235,000 barrel per day (bpd) Aruba refinery, which was shut last year because of high costs, according to three sources familiar with the situation.The Aruba refinery was closed in September 2012 when owner Valero reduced its workforce and stopped units at the refinery, which cannot convert heavy crudes into light products because it lacks deep conversion plants.

    [Read more...]



    Caribbean Alt Energy News

    • AC/DG: The Powerful Appeal of Getting off the Grid March 4, 2015
      British billionaire Richard Branson struck a monumental partnership with NRG Energy Inc. (NRG) last year to shift his 74-acre Necker Island to 75% renewable energy by the end of 2015.   Retail electricity prices on small Caribbean islands are expensive because they rely on imported oil to power generators. While the recent plunge in oil prices has […]
      Carol Davis


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