Long The Spread / Short The Spread

Isn't this just the 'crack'?! or am i missing something?

The seasonality about it is obvious surely? Whilst the man who wrote that article is more intelligent than I - for I could never do that level of quantitative analysis - he has surely wasted his time?

It stands to reason that the profit made on a barrel of oil when converting (or 'cracking') the contents in to Gasoline would be more profitable when demand for Gasoline is at its highest, i.e. the summer months and a little something called DRIVING SEASON!!!!

Sorry, just in a bad mood today! ha. Good article, just seems too obvious to warrant that level of analysis. Don't want to shout it down though, hopefully this kind of analysis can reveal some more obscure relationships between different trading vehicles.

Good day, one and all.
 
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