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Author Topic: DOE report highlights Back to Topics
PD
Moderator
Message Posted: Oct 20, 2010 9:38:20 AM

The Department of Energy released its weekly report on the condition of petroleum inventories in the United States today.

Here are some highlights:

Crude oil inventories increased by 0.7 million barrels to a total of 361.2 million barrels. At 361.2 million barrels, inventories are 22.1 million barrels above last year (6.5%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma decreased 1.1 million barrels to 34.0 million barrels this week.

Gasoline inventories increased 1.2 million barrels to 219.3 million barrels. At 219.3 million barrels, inventories are now 12.4 million barrels, or 6.0% higher than last year (last week that number was 4.3% higher). Decreases were seen on the East Coast...

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REPLIES (newest first) Post a Reply
DrCashFlow
Champion Author Massachusetts

Posts:10,309
Points:2,416,980
Joined:Jun 2008
Message Posted: Oct 21, 2010 8:29:58 PM

inventories still quite high ... thankfully.
remay
Champion Author Houston

Posts:10,135
Points:2,936,390
Joined:May 2006
Message Posted: Oct 21, 2010 2:28:07 PM

Charts showing the changes vs. the price of gasoline would be nice...
dlemma
Champion Author Wyoming

Posts:7,291
Points:2,356,970
Joined:Feb 2008
Message Posted: Oct 21, 2010 9:14:46 AM

Anyone here realize the tremendous demands the unions place on oil companies here? The price for that (and legacy costs) are factored into our gas prices.

Think twice when you hear a politician say he wants the Employee Free Choice Act = this act guarantees that a person HAS NO choice.

Just one factor in all those involved in gas prices.
carlsonguitars
Champion Author Portland

Posts:4,876
Points:825,980
Joined:Jan 2008
Message Posted: Oct 21, 2010 12:42:50 AM

Wow, our weekly DOE Propaganda report is here!!! Are you excited?!?!?! I AM!!!! WOW - production is running at a fraction of what it COULD, prices are rising, and inventories are looking fat......... WHAT IS WRONG WITH THIS PICTURE?!?!?! CORPORATE GREED AND CONSUMER STUPIDITY!!!!!
SBlouch
Champion Author San Antonio

Posts:11,929
Points:2,616,855
Joined:Apr 2007
Message Posted: Oct 21, 2010 12:09:07 AM

And the prices for a barrel of crude oil keep going up. We already know this but we must help keep the DOE personnel's jobs.
WCCurtis
Champion Author San Bernardino

Posts:3,348
Points:2,460,875
Joined:Oct 2005
Message Posted: Oct 21, 2010 12:05:34 AM

Today, a barrel of Crude Oil closed up $2.28 to $81.77.
JoshuaTX
Sophomore Author Texas

Posts:184
Points:41,740
Joined:Apr 2008
Message Posted: Oct 20, 2010 11:58:37 PM

oh yea, the speculators, the smartest people in the world, yea
genef01
Champion Author Nashville

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Points:834,680
Joined:Jul 2008
Message Posted: Oct 20, 2010 11:58:15 PM

Prices at the pump should be dropping.
PetroScopper
Champion Author Houston

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Joined:Aug 2008
Message Posted: Oct 20, 2010 11:49:18 PM

Sooo... that means that the gas price at the pump should be dropping?!
ACTown
Champion Author Oregon

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Points:1,926,545
Joined:Jun 2007
Message Posted: Oct 20, 2010 11:48:34 PM

prices are down, fill up the reserves
250FORD
Champion Author Minnesota

Posts:8,334
Points:1,306,260
Joined:Feb 2007
Message Posted: Oct 20, 2010 11:48:06 PM

Looking at the hard numbers here oil is quite a bit higher than it should be.
rollma2
Champion Author Montreal

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Joined:Jul 2009
Message Posted: Oct 20, 2010 11:47:27 PM

really
mvosevich
Champion Author St. Louis

Posts:5,512
Points:1,126,395
Joined:Aug 2004
Message Posted: Oct 20, 2010 11:46:57 PM

Who gives a rats fanny what the DOE says.
pgerassi
Champion Author Milwaukee

Posts:14,287
Points:2,940,320
Joined:Apr 2007
Message Posted: Oct 20, 2010 11:46:46 PM

Given that report, prices should be falling fast.
Rageagainsttm
Champion Author Tampa

Posts:11,479
Points:2,691,105
Joined:Jul 2007
Message Posted: Oct 20, 2010 11:36:52 PM

Hard to understand.
granitestater
Champion Author New Hampshire

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Joined:Oct 2008
Message Posted: Oct 20, 2010 11:36:06 PM

If you drive by Cushing on the Interstate, you won't see much. You have to get down into the bowels of town to see the tank farm. But it's still the place for oil if you're buying in quantity...
bigreddwg
Champion Author Tampa

Posts:5,022
Points:1,058,755
Joined:Nov 2005
Message Posted: Oct 20, 2010 11:34:04 PM

anyone who believes this, i say - "hey buddy, i got a deed to the brooklyn bridge which i will let you have it really cheap!!"
FlyNFool
Champion Author South Carolina

Posts:11,533
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Message Posted: Oct 20, 2010 11:29:12 PM

Waste of money.
JohnofGB
Champion Author Flint

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Message Posted: Oct 20, 2010 11:28:16 PM

The posting of this report on a daily or semi daily basis makes no sense.
runout9
Champion Author New Jersey

Posts:3,240
Points:978,145
Joined:Dec 2008
Message Posted: Oct 20, 2010 11:28:15 PM

Numbers, numbers, numbers. It's the Feds policies of zero
rates & printing money. This Administration's $Trillions
of borrowing & spending, causing the very weak $US vs the
Euro. Crude remains priced in $US & crude continues to climb.
Body53
Champion Author Missouri

Posts:1,380
Points:305,230
Joined:May 2010
Message Posted: Oct 20, 2010 11:27:29 PM

Hope the price gos way down
TBONE3
Champion Author Pennsylvania

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Message Posted: Oct 20, 2010 11:26:18 PM

Just watch the bouncing prices.
joel27nc
Champion Author Raleigh

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Joined:Mar 2008
Message Posted: Oct 20, 2010 11:25:05 PM

So prices go up!
WVUtailgater
Champion Author Cleveland

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Joined:Aug 2008
Message Posted: Oct 20, 2010 11:24:35 PM

prices should be coming down
boatcrazyinme
Champion Author Maine

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Points:628,295
Joined:Apr 2010
Message Posted: Oct 20, 2010 11:24:07 PM

why are gas prices so dam high?
Blue_Cruzer
Champion Author Lexington

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Joined:Mar 2007
Message Posted: Oct 20, 2010 11:20:17 PM

I've said it before, a big waste of time generating this report.
camel1
Champion Author Minnesota

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Message Posted: Oct 20, 2010 11:16:31 PM

Things eventually will change for the consumer when government gets the balls to regulate the market speculation causing such huge price changes.
Buddy2264
Champion Author Tampa

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Points:3,200,245
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Message Posted: Oct 20, 2010 11:13:00 PM

Everything is above average including the selling price of fuel. Conservation keeps your money in your pocket.
CobraLeader
Champion Author New Jersey

Posts:267,902
Points:1,200,750
Joined:Apr 2007
Message Posted: Oct 20, 2010 11:12:53 PM



... zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz ...
DosEquis26
Champion Author Chicago

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Message Posted: Oct 20, 2010 11:09:14 PM

prices will drop
Powerstroke73L
Champion Author Sacramento

Posts:2,816
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Message Posted: Oct 20, 2010 11:08:42 PM

Pump prices skyrocketed in the last week in part to the very minor reduction in inventory. Ya think they'll drop the same amount now that we're again seeing an increase in inventory? Me neither...
NHLiveFree
Champion Author New Hampshire

Posts:15,110
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Joined:Jun 2008
Message Posted: Oct 20, 2010 10:56:26 PM


More like weekly lowlights PD!
DEG
Champion Author Las Vegas

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Message Posted: Oct 20, 2010 10:49:25 PM

This is a really useless report.
bigreddwg
Champion Author Tampa

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Points:1,058,755
Joined:Nov 2005
Message Posted: Oct 20, 2010 10:45:17 PM

who REALLY BELIEVES ANYTHING the government says anymore???
abcdMA
Champion Author Worcester

Posts:11,263
Points:2,375,690
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Message Posted: Oct 20, 2010 10:42:42 PM

oil reserves up, gas reserves up---whend o prices go down?
aldog365
Champion Author Nashville

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Message Posted: Oct 20, 2010 10:27:52 PM

OK.
WIPACKERFAN
Champion Author Chicago

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Message Posted: Oct 20, 2010 10:26:17 PM

Blah, blah, blah.
Buck_on_Bass
Champion Author Tennessee

Posts:11,387
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Message Posted: Oct 20, 2010 10:20:13 PM

The economy is still very tough for the consumers. The retailers may not have a good holiday season.
mwo
Champion Author Twin Cities

Posts:1,890
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Message Posted: Oct 20, 2010 10:16:40 PM

Keep conserving .
able2ru
Champion Author Little Rock

Posts:2,623
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Joined:Mar 2005
Message Posted: Oct 20, 2010 10:14:13 PM

yep, this is the new rules of economics:

big supplies = higher cost
fewer oil rigs online = higher cost
lower supplies = higher cost
more oil rigs online = higher cost
(fill in the blank) = higher costs.

commins
Champion Author Riverside

Posts:3,596
Points:1,606,165
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Message Posted: Oct 20, 2010 10:11:43 PM

Vote these bums out of office. PLEASE!
oldiesman
Champion Author New York

Posts:9,569
Points:2,956,755
Joined:May 2006
Message Posted: Oct 20, 2010 10:05:01 PM

Gas here out of control up 14 cents a gallon of regular in a week. The inventory means nothing, vote these bums out of office.
DustyHorse
Champion Author Virginia

Posts:9,369
Points:2,165,515
Joined:Oct 2008
Message Posted: Oct 20, 2010 10:04:09 PM

Prices seem to go up no matter which way the inventory moves.
30mpg80
Champion Author Lexington

Posts:15,350
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Message Posted: Oct 20, 2010 9:55:49 PM

same old story
methaneman
Champion Author Minnesota

Posts:5,453
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Joined:May 2002
Message Posted: Oct 20, 2010 9:51:58 PM

And the fuel price manipulation continues.
Minutefan
Champion Author Springfield

Posts:5,093
Points:1,956,685
Joined:Aug 2004
Message Posted: Oct 20, 2010 9:51:52 PM

inventories are up demansd is soft but prices keep going up and NO ONE says anything about it.
skybiker
Champion Author South Carolina

Posts:9,624
Points:2,341,170
Joined:Jul 2008
Message Posted: Oct 20, 2010 9:51:39 PM

Means nothing to the speculators...
Voltus
Champion Author Miami

Posts:11,562
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Joined:May 2005
Message Posted: Oct 20, 2010 9:51:19 PM

bureaucracy at work
carefrey
Champion Author Orlando

Posts:8,761
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Joined:Sep 2009
Message Posted: Oct 20, 2010 9:48:23 PM

Prices keep going up here in Florida.
divebomber
Champion Author Nebraska

Posts:9,484
Points:2,623,995
Joined:Jun 2007
Message Posted: Oct 20, 2010 9:47:35 PM

Bla...Bla...Bla...What a shell game!
mstearno
Champion Author Dayton

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Points:2,376,135
Joined:Jan 2008
Message Posted: Oct 20, 2010 9:40:19 PM

been going on for some time
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