RE:RE:RE:A change of pace Thanks for everyones remarkable contribution to this thread. Lets keep it going. Negatives are welcome also. Together we can help each other at a time of great upheaval. As everyone knows I am a perpetual Bull . I just happen to think that this time I am right. It may take time but the rewards can be sudstantial . There is a lot of upside still.
my further contribution for today is the EIA inventory report. The drawdown is below expectations , but that is due to a huge jump in net imports to 1850 kbpd. Without that jump, the inventory drawdowns would be about 17 million more barrels. That extra inventory draw down ihas been taken from someone elses inventory. So it is significant. Read the full report at Eia.gov
if you are not familiar, then click on Weekly petroleum status report. The click on Table 2 US inputs and production by PAD district.
Loads of other useful info Happy Hunting . Let us know what you find !!