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IBDvalueinvestin (98.29)

Who cares about IRAN and its Potential Oil Products halt?



December 05, 2011 – Comments (1) | RELATED TICKERS: XOM , BP , CVX

There are still alternatives to Iran's specialty hydrocarbon blend.

Just like week another mine in Arabia opened up for commercial use of specialty hydrocarbon blend.

The AMAK (Al Masane Al Kobra Mining Company) mine in Saudi Arabia , which is 37% owned by Arabian American, has officially been transferred to the surface facility operator, China National Geological & Mining Corporation. Operations began on November 28, 2011 , after successful completion of the construction phase of the mine.

1 Comments – Post Your Own

#1) On December 05, 2011 at 1:24 PM, IBDvalueinvestin (98.29) wrote:

Why should you care about oil at $250 if your buying specialty hydrocarbon blend products?

Market prices tend to be tied to energy prices, the higher the  energy price the higher the hydrocarbon, used in specialty products such as

heating oils, industrial lubricant production and blended gasoline products.

Currently heating oil in NJ-NY is running at around $3.50/gal but if oil heats $250 then you can say goodbye to anything below $5 / gal for heating oil.

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