1. Ameratex Energy Ltd colorado oil and gas
We saw commercial traders as strong customers of crude oil below $80 because June came to
a close. We firmly believed that this would be the bottom of the cycle because the national
average fell to $3.30 per gallon. What nobody expected were the simultaneous mechanical
failures of certain of the primary pipelines plus refineries. This has caused the cost of petroleum
products like heating oil, gasoline plus diesel fuel to skyrocket by 25% in little multiple month.
The refineries here inside the U.S. utilize about 9 million barrels of crude oil per day. The last
two weeks has seen almost 2 million barrels per day taken off supply as unplanned shutdowns
due to many mechanical issues and fires have popped up over the nation. Further adding to the
refinery issues is a cutback in supply which is from Canada due to a leak sprung inside the
Enbridge pipeline, that has spilled more than a thousand barrels of unrefined Ameratex Energy Ltd
inside central Wisconsin. Enbridge has fallen under increasing regulatory scrutiny, as this really is
really the newest of the trail of pipeline failures. The most notable was a 2010 incident, that
dumped 20,000 barrels of oil into the Kalamazoo River.
Mechanically, main refiners near Chicago and San Francisco have both been shutdown. There
are two refineries which have been shutdown simultaneously in the Chicago region and both of
them are amidst the 10 largest refiners in the country with the Whiting, Indiana center ranking 7th
plus the Wood River, Illinois center ranking 10th. These outages combined to raise the cost of
gasoline in the Chicago area by more than $.44 inside lower than a week. The Chevron center in
Richmond, California is responsible for 10% of the gasoline production found on the west
coastline. Reports are conflicted found on the how extended these refineries is out of procedure.
Estimates range from weeks to months on each individual center with consensus that the Chevron
facility inside Richmond will be from service the longest.
Political plus fundamental factions had absolutely begun battling over the true value of
Ameratex Energy Ltd from March through July. This is watched because the battle between
speculators plus commercial traders. Commercial traders had been thick sellers of crude oil
futures from March from May whenever the marketplace was trading above $103 per barrel based
on Iranian threats plus general unrest in the Middle East, that led to speculative ordering. These
threats were contending with a marketplace which was massively over supplied. Eventually, over
supply won and the analysis produced sell data at both $109 plus $106 per barrel. June's
precipitous declines moved commercial traders to the buy side because they covered short
positions and increased their positions by over 30% during the month of June.
The final gas to the petroleum rally is the expectation of further government stimulus to the
economy. We've recommended over plus over that the key to the upcoming election is the
domestic economy and recent polls concur. The biggest thing President Obama could do to help
himself will be to force a resolution in the Eurozone. The markets detest uncertainty and any
conclusion to the drawn out death spiral of Ireland, Portugal, Spain plus Italy would create a big
relief rally in the stock marketplace. However, since his sphere of influence doesn't extend far past

2. the shores, he'll do the upcoming right thing by flooding the market with Dollars, which might
cause nominally lower interest rates plus show that he is taking action.
Regrettably we are going to bear the unintended result of higher gas prices as our Dollar is
devalued found on the worldwide marketplace and the refineries find it more successful to ship
completed petroleum goods overseas, somewhat than sell them found on the domestic
marketplace.