Post by
RevT79 on Aug 04, 2022 9:57am
Eia is a joke
Lol the eia report a massive build but dosent say nothing about the 4.6 million barrel draw from the reserve.....such a scam this is!!!!
Comment by
Overertune on Aug 04, 2022 4:12pm
Are you sure it is just 4.6m withdrawal? I can't trust any data and headlines right now. Too much politics going on.
Comment by
Quintessential1 on Aug 04, 2022 4:22pm
They are not fooling anyone for long, "Our reliance on the weekly petroleum report may come under some scrutiny," he added. "The EIA is probably going to have to provide information that clarifies what they did this week." https://ca.finance.yahoo.com/news/gas-prices-in-canada-could-snap-back-violently-warns-analyst-180515378.html
Comment by
Overertune on Aug 04, 2022 7:57pm
Cheap gas will stimulate demand. People are already traveling crazily. The government has to release much more than 1m/day to keep oil under 90$.
Comment by
Abedim15 on Aug 04, 2022 8:30pm
https://www.bnnbloomberg.ca/video/not-seeing-solid-evidence-of-demand-destruction-in-gasoline-market-energy-strategist~2495474
Comment by
Abedim15 on Aug 04, 2022 8:36pm
Oh yeah, I should add... the bullsh$t doesn't change the fact that it is believed and down the prices go.