1. Electric energy providers Ameratex Energy Inc
We saw commercial traders because strong customers of crude oil under $80 because June
came to a close. We firmly believed which this would be the bottom of the cycle as the nationwide
average fell to $3.30 per gallon. What nobody expected were the simultaneous mechanical
failures of some of the leading pipelines and refineries. This has caused the cost of petroleum
goods like heating oil, gasoline and diesel fuel to skyrocket by 25% inside little multiple month.
The refineries here in the U.S. use regarding 9 million barrels of crude oil per day. The last two
weeks has watched almost 2 million barrels per day taken off supply as unplanned shutdowns due
to many mechanical issues and fires have popped up across the country. Further adding to the
refinery issues is a cutback inside supply that might be coming from Canada due to a leak sprung
inside the Enbridge pipeline, that has spilled over a thousand barrels of unrefined Ameratex
Energy Inc in central Wisconsin. Enbridge has fallen below improving regulatory scrutiny,
because this is only the newest of the trail of pipeline failures. The many notable was a 2010
incident, that dumped 20,000 barrels of oil into the Kalamazoo River.
Mechanically, major refiners near Chicago and San Francisco have both been shutdown. There
are 2 refineries which have been shutdown simultaneously inside the Chicago region and both of
them are amidst the 10 largest refiners inside the country with the Whiting, Indiana center ranking
7th plus the Wood River, Illinois center ranking 10th. These outages combined to raise the price of
gasoline in the Chicago region by more than $.44 inside lower than a week. The Chevron center
inside Richmond, California is responsible for 10% of the gasoline creation on the west coast.
Reports are conflicted on the how lengthy these refineries is from surgery. Estimates range from
weeks to months on every individual center with consensus that the Chevron center in Richmond
will be out of service the longest.
Political and fundamental factions had absolutely begun battling over the true value of Ameratex
Energy Inc from March through July. This really is watched because the battle between
speculators and commercial traders. Commercial traders had been thick sellers of crude oil futures
from March by May whenever the market was trading above $103 per barrel based on Iranian
threats plus general unrest inside the Middle East, which led to speculative purchasing. These
threats were competing with a marketplace that has been massively over provided. Eventually,
over supply won plus the analysis generated market signals at both $109 and $106 per barrel.
June's precipitous declines moved commercial traders to the buy side as they covered short
positions plus 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 which the key to the upcoming election is the
domestic economy and recent polls concur. The largest thing President Obama could do to help
himself would be to force a resolution in the Eurozone. The markets detest uncertainty plus any
conclusion to the drawn out death spiral of Ireland, Portugal, Spain plus Italy would create a huge
relief rally inside the stock market. However, because his sphere of influence doesn't extend far

2. past the shores, he'll do the next ideal thing by flooding the market with Dollars, which usually lead
to nominally lower interest rates and show which he is taking action.
Regrettably we are going to bear the unintended result of higher gas prices as our Dollar is
devalued on the international marketplace and our refineries find it more profitable to ship finished
petroleum products overseas, instead of market them on the domestic market.