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you bet your sweet ass I will vote for a democrat for senate or congress and here is why! the jerk offs we have in office have joined lock step on anything that would lower prices for us mainers! Even an idiot can see they worship the profit margin big oil has decided it deserves as well as the corporate welfare they receive while our hungary and homeless continue to suffer and grow in number! "The US has more than enough heating oil to meet demand, and current conditions point to ample supplies continuing through the end of the heating season, Reuters reported on Tuesday. Currently, heating oil demand is about 5 percent below normal for this time of year, but the cold temperatures that have gripped much of the country this week are expected to drive demand to 16 percent above normal, the National Weather Service announced last week. In the Northeast, supplies of heating oil are about 7 percent above average levels from the last five years.
The heating oil crack spread—the difference between crude oil and heating oil prices—is also fairly high right now, which encourages refiners to make greater amounts of heating oil as they seek out the most profitable fuel mix to produce out of each barrel of crude. With this incentive to manufacture more heating oil, US supplies of the fuel will most likely continue to grow and prevent any possible shortages that could be brought on by cold snaps in the Northeast, the largest heating oil market in the world.
While the news of current and future supplies of heating oil being more than adequate to meet demand this heating season helps allay some concerns of heating oil dealers and consumers, it has not brought about lower prices (at least not yet). The price of heating oil at the NYMEX gained a full 10 percent since the beginning of November, and on Tuesday reached its highest point since October of 2008. These sizable increases in heating oil prices are the most recent proof that heating oil (and crude oil) prices have become far removed from the fundamental forces of supply and demand. As a Gulf Coast heating oil trader told Reuters.
clean house in 2012! elect democrats!
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