1. Hi power batteries Ameratex Securities
We saw commercial traders as strong customers of crude oil below $80 as June came to a
close. We firmly believed that this will be the bottom of the cycle because the nationwide average
fell to $3.30 per gallon. What no one expected were the simultaneous mechanical failures of a few
of the primary pipelines plus refineries. This has caused the price of petroleum goods like heating
oil, gasoline and diesel gas to skyrocket by 25% in little more than one month.
The refineries here in the U.S. use regarding 9 million barrels of crude oil a day. The last 2
weeks has enjoyed nearly 2 million barrels per day taken off supply because unplanned
shutdowns due to different mechanical issues plus fires have popped up across the nation. Further
adding to the refinery issues is a cutback in supply that is coming from Canada due to a leak
sprung in the Enbridge pipeline, that has spilled over a thousand barrels of unrefined Ameratex
Securities in central Wisconsin. Enbridge has fallen below increasing regulatory scrutiny, because
this might be 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, major refiners near Chicago plus San Francisco have both been shutdown. There
are two refineries that have been shutdown simultaneously in the Chicago area and both of them
are amidst the 10 biggest refiners inside the country with the Whiting, Indiana facility ranking 7th
plus the Wood River, Illinois facility ranking 10th. These outages combined to raise the cost of
gasoline in the Chicago region by more than $.44 inside lower than a week. The Chevron facility
inside Richmond, California is responsible for 10% of the gasoline production found on the west
coast. Reports are conflicted on the how long these refineries will be from operation. Estimates
range from weeks to months on each individual facility with consensus that the Chevron facility
inside Richmond usually probably be from service the longest.
Political plus fundamental factions had already started battling over the true value of Ameratex
Securities from March by July. This is seen because the battle between speculators plus
commercial traders. Commercial traders had been heavy sellers of crude oil futures from March
from May whenever the market was trading above $103 per barrel based on Iranian threats and
general unrest inside the Middle East, that led to speculative ordering. These threats were
contending with a marketplace which was massively over supplied. Eventually, over supply won
plus the analysis generated sell signals at both $109 plus $106 per barrel. June's precipitous
declines moved commercial traders to the buy side as they covered short positions and improved
their positions by more than 30% throughout the month of June.
The final gas to the petroleum rally is the expectation of further government stimulus to the
economy. We've suggested over and over that the key to the upcoming election is the domestic
economy plus recent polls concur. The biggest thing President Obama might do to help himself
will 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 and Italy would create a big relief rally in the
stock market. However, because his sphere of influence doesn't extend far past our shores, he'll

2. do the upcoming ideal thing by flooding the marketplace with Dollars, that may cause nominally
lower interest rates and show which he is taking action.
Regrettably we'll bear the unintended result of high gas prices because the Dollar is devalued on
the international marketplace plus our refineries find it more successful to ship completed
petroleum treatments overseas, rather than market them found on the domestic market.