We were notified about 2 months ago from three different refineries in the states that crude was gonna jump to $70/brl in a month then in about 4-5 months after that it was gonna hit $100/brl and stabilize there - but it will most likely not come down unless some covert behind the scenes stuff happens.
Their prediction was correct so far. To make matters worse, most all the refineries have put all the blenders and independents on allocation and that also includes petrochemical feedstock (plastics, glue, paint, processing solvents, raw materials for like everything!) as well as the pharmaceuticals and cosmetic industries. No sector is safe - none. Even guys like us who are close to $1B in annual sales have no stroke. Its serious!
The overall far reaching effect is actually very staggering and all the while ExxMo et al are banking serious chink. Could it be the master plan to reduce greenhouse gases is to make using the stuff cost prohibitive? No way are they that savvy! Are they?
