Wednesday, July 8, 2009

Field hockey stick





This can't continue. There has to be a bottom here somewhere, or as we speak, the American economy is falling off a cliff. Here is a clearer view of this chart, and tabulated data for your spreadsheetable pleasure.

And the beat goes on. Supplies continue to grow. However, like the guy who suddenly remembers the bathtub is on and makes it to the valve just before the house is flooded, it appears U.S. refiners may finally be getting the message.

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