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A Crude Season: Springtime Oil Play
DATE:2010-4-10  FROM:  AUTHOR:  DOWN:2082
 
As spring continues and summer approaches, we tend to have new seasonal plays that begin to take effect. When we are finally able to leave our houses after a cold winter, we tend to travel a bit more. With the increase in driving, gas prices tend to increase and peak around Memorial Day. This creates a higher demand for oil therefore the cost of crude tends to increase as well. However, this typically assumes the economy is at least growing. If the economy does not grow but unemployment numbers do, the demand probably will not be there.


we will bet that we have six months of modest growth which, when combined with the higher crude prices from 2009, we could see many oil companies posting great
earnings compared to last year. The time is upon us for a seasonal oil play and we believe for there oil recycling companies will have big benefit from these increased oil prices.

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