Monday, May 07, 2007

U.S. refiners set for big profits as pump prices soar 07 May 2007

---------------------------- Original Message ---------------------------- Subject: U.S. refiners set for big profits as pump prices soar 07 May 2007 From: "CLG News"
Date: Mon, May 7, 2007 3:16 pm
To: "CLG News"
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Breaking News and Commentary from Citizens for Legitimate Government 07 May 2007
http://www.legitgov.org/
All links to articles as summarized below are available here:
http://www.legitgov.org/index.html#breaking_news
U.S. refiners set for big profits as pump prices soar 04 May 2007 U.S. refiners' glittering profits are expected to jump this year as robust demand growth from motorists and recurring snags at aging plants push fuel prices near record territory, analysts said. "The profit outlook is incredible, the refinery margins are significantly higher than last year or the past three years," Fadel Gheit, an analyst with Oppenheimer& Co., told Reuters.

Shell registers 14pc profit rise to record $7 billion 06 May 2007 Royal Dutch Shell added to the woes of its arch-rival BP yesterday by shrugging off lower oil prices and a fall in production delivered record profits of $6.9 billion for the first quarter of the year.

Arena Resources' 1Q Profit Jumps 59 Percent 07 May 2007 Oil and gas explorer Arena Resources Inc. said Monday its first-quarter profit jumped 59 percent, as stronger production helped offset lower selling prices. Quarterly earnings rose to $5.7 million, or 37 cents per share, from $3.6 million, or 25 cents per share, in the prior-year period.

Don't pump gas on May 15th. --Email circulating, via the Internet [CLG is not commenting on the effectiveness of a one-day boycott. The May 15 'gas out' is a well-publicized ' action,' --hence, we are posting it.]

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