Possible Christmas present for distillate users coming.

Numbers already show we're in interrupt territory

Just a short notice to everyone who tunes in, and please pass the word around on this one.

Numbers are showing possible interruption to all distillate products that I monitor such as heating oils, stove oils and diesel fuels. Numbers there are on track, showing a nickel down on heating and stove oils as well as diesel fuels.

Numbers on gasoline are close, now showing over three cents a litre down, the opposite of what happened when pricing increased earlier this week.

If oil trades lower today, we may see a further effect on gasoline, pushing those numbers also into interrupt territory as well.

Tomorrow may very well prove to be the most important trading day this week as some face the prospect of profit taking after a contentious week on the markets. While bad economic news continues to pour from a broken world economy, oil is also facing the prospects of a complete price collapse after the failed round of OPEC cuts. It is quite possible that nothing can be done from preventing oil to reach as low as 1997 levels, that being $17 US a barrel when adjusted for inflation.

That's what certain energy traders get for producing (and betting on) documents predicting $150 a barrel oil in the first place.

Mom used to call it "getting your just desserts"...

I'll post here again later Sunday night just to let you know what data I have after five days rather than just the two I have now. Remember...Seven days needed for interruption to occur.

Regards,

George