1. Ameratex Energy Ltd oil drilling companies
We saw commercial traders as strong customers of crude oil under $80 as 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 no one expected were the simultaneous mechanical failures of a few
of the principal pipelines plus refineries. This has caused the price of petroleum goods like heating
oil, gasoline and diesel gas to skyrocket by 25% inside little multiple month.
The refineries here inside the U.S. employ regarding 9 million barrels of crude oil a day. The last
two weeks has seen almost 2 million barrels per day taken off supply because unplanned
shutdowns due to various mechanical issues and fires have popped up across the country. Further
adding to the refinery issues is a cutback in supply that will be coming 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 below increasing regulatory
scrutiny, because this really is really the latest of a 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 area and both of
them are among the 10 biggest refiners in the country with all the Whiting, Indiana center ranking
7th plus the Wood River, Illinois facility ranking 10th. These outages combined to raise the price of
gasoline inside the Chicago area by over $.44 inside lower than a week. The Chevron center
inside Richmond, California is responsible for 10% of the gasoline creation found on the west
coast. Reports are conflicted on the how extended these refineries is from surgery. Estimates
range from weeks to months on every individual facility with consensus that the Chevron center
inside Richmond will be out of service the longest.
Political plus fundamental factions had already started battling over the true value of Ameratex
Energy Ltd from March from July. This is seen as the battle between speculators and commercial
traders. Commercial traders had been heavy sellers of crude oil futures from March through May
when the market was trading above $103 per barrel based on Iranian threats plus general unrest
in the Middle East, which 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 and $106 per barrel. June's precipitous declines moved
commercial traders to the buy side as they covered brief positions plus improved their positions by
more than 30% throughout the month of June.
The final fuel for this petroleum rally is the expectation of further government stimulus to the
economy. We've recommended over plus over which the key to the future election is the domestic
economy plus recent polls concur. The biggest thing President Obama can do to help himself will
be to force a resolution inside 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
inside the stock market. However, because his sphere of influence doesn't extend far past the

2. shores, he'll do the next best thing by flooding the marketplace with Dollars, which might cause
nominally lower interest rates plus show which he is taking action.
Regrettably we'll bear the unintended consequence of higher gas prices because our Dollar is
devalued found on the global market plus our refineries find it more profitable to ship completed
petroleum products abroad, somewhat than market them on the domestic market.