Inventory draw down and oil sands outageJust wanted to clear a common misconception that is all over news. The crude inventory draw down we saw today probably had little to do with oil sands shut down due to the fire. The shut down happened on May 4th, just two days before the inventory stats. Therefore, we will not see the effect of Canadian supply disruption on inventory till next week. If my inventory projection were correct, we should continue to see big inventory draw down every week through the end of summer, or for the rest of the year. The only factor that could stop the rebalancing of the oil market would of course be a significant weakness in the world economy.