RE:Inventories These weekly inventory numbers are a waste of time.. they're only there to skew the market sentiment and allow the "traders" to play and exagerate the swings everytime.
One day its worries about demand, next day its worries about a recession, next day its worries about OPEC quotas and the reality is, none of these headlines come to fruition.. not one.!
Demand is at a peak, this is the longest awaited recession in history and now talks of a soft landing, OPEC's quotas will take time to affect the physical market.. and they will, but the fear mongers love to make a mountain out of a mole hill... laughable really.. IMO
If Buffet is willing to invest billions into the sector in the last year, I'll bet with him as well for the long run.. energy, aside from food and water is the most neccessary commodity the world needs.. and its need is increasing every year.!