Whatever comes to mind, and then the interesting directions that thought will take you on the web.

Tuesday, February 19, 2008

Oil Price

Oil Jumps Above $100 on Refinery Outage

I don't understand how a refinery outage causes the price of oil to jump. Doesn't a refinery outage mean that the demand for crude oil should decrease?

I can certainly see that a refinery outage would cause the output of the refinery to decrease - gasoline, diesel, jet fuel, etc.

No comments: