Post by
BayStreetWolfTO on Aug 24, 2022 10:50am
Implied demand fluctuations
The EIA should probably at some point stop reporting or come up with a better methodology. It would be tough to convince me demand changes that dramatically week to week. Just a yo-yo.
Makes little sense...eventually the market will just ignore that data. They should address and improve in my opinion.
Comment by
TheWokeLemming on Aug 24, 2022 10:55am
Agreed One could always count on the EIA as being more reliant than the API. Now both seem like they are political. Funny how media commentators comment about OPEC being a cartel and colluding but fail to mention how the US government and their media allies manipulate the market to keep prices down. My opinion only.