Oil Alert

[cottonpicken]

Got an email from a pay for geopolitical think
tank,they are worried about this libya thing,and crude
is now up 8.6%,for what its worth.

Might want to get under the wire and get some tanks
filled?

[ProFarmer]

You better CO-OP is shutting down its refinery for 2 to 3 months and they are trying to make a shortage to boost prices at the pumps...

[mbratrud]

Should be an interesting week, already reports of military defectors in Libya. If Libya ousts there Government Iran will be next, but seems like a far more daunting task than Egypt.

Hopefully will help underpin support in oilseeds.

Brave People over there, history in the making? Lets just hope its good history.

[lnewman]

profarmer which co-op is shutting down I switched to
federated co-op because my suppler was cut off here
in ab last fall

[sjc]

The guys in St.Paul said that FCL has to close their refinery as they are in the midst of a large expansion and it is also a turn around. They said they have supply agreements in place and everything will be ok. Makes me a bit nervous though after the issues the past few years.

[DogPatch]

Profarmer..... why do you always think someone is out to get you? Maintainence is a require thing, A scheduled shut down anytime is better than an emergency shut down when you aren't planning one......

Good on Co-op that are investing in more capacity.

[BTOfarmall]

Cause He a Stuckup MinnowNight from Altona, Thats Why..............

[jensend]

from ambrose evans-pritchard in the telegraph:

Surging oil prices create a nasty dilemma for central banks since they are inflationary if caused by robust global growth, but deflationary if caused by a supply crunch that acts as a tax on consuming nations. The big oil exporters tend to save extra revenues from price spikes at first, so the initial effect is to drain global demand.