Buddy from Alberta's opinion...
Friend of mine who works in the oil patch and follows the "number" closely as it affects his business, is Bullish into the season - starting after Labour Day.
"Inventories were up because summer time consumption was down". I'm just reporting his opinion and not saying this is DD. He says $8 is cheap and sees $10 before Dec. Could see some very short term softening unless GUSTAV turns into a monster.
Again, I am following specboy with great interest although as Decker points out, statistically, this is the "up" season. I hate arguing for statistics and against fundamentals because as fundamentals change, they can CHANGE the statistics going forward. But mathematics describes the chaos in the world... nonetheless, we still have unpredictable chaos... and I'm leaning towards statistics.
help !!!