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Author Topic: DOE report highlights Back to Topics
PD

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Message Posted: Nov 24, 2010 9:58:55 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 1.0 million barrels to a total of 358.6 million barrels. At 358.6 million barrels, inventories are 20.8 million barrels above last year (6.2%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.5 million barrels to 33.6 million barrels this week.

Gasoline inventories increased 1.9 million barrels to 209.6 million barrels. At 209.6 million barrels, inventories are now 0.5 million barrels, or -0.2% lower than last year (last week that number was -0.7% higher). Decreases were seen in the Midwest (-0....

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Martinman
Champion Author Mississippi

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Message Posted: Nov 26, 2010 12:34:25 AM

Realize that a 1.9 million "build" in gasoline inventories is the equivalent of a 4.1 million barrel increase in the crude oil inventory, in the absense of a drop in consumption. And it should result in a 9 million barrel increase in distillates, in the absence of changes in consumption.
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RedRam2005
Champion Author San Antonio

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Message Posted: Nov 25, 2010 4:14:51 PM

One guess is as good as another.
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remay
Champion Author Houston

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Message Posted: Nov 25, 2010 2:21:43 PM

Charts and histograms would be nicer than just numbers!
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N5EXY
Champion Author Austin

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Message Posted: Nov 25, 2010 7:10:36 AM

Gobble gobble garbage as usual.
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Joeski1
Champion Author New Jersey

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Message Posted: Nov 25, 2010 6:58:23 AM

bunch of numbers goobly gook to go with your stuffing.
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wegman
Champion Author Twin Cities

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Message Posted: Nov 25, 2010 5:40:25 AM

Inventory up good for prices.
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antwan68
Veteran Author San Antonio

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Message Posted: Nov 25, 2010 5:22:29 AM

Huh?
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Don1222
Champion Author Michigan

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Message Posted: Nov 25, 2010 5:19:23 AM

What are the speculators going to do with this information?
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naw62
Champion Author Maine

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Message Posted: Nov 25, 2010 5:17:30 AM

Watch out for these reports
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wild3bill
Champion Author New York

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Message Posted: Nov 25, 2010 2:33:45 AM

Says inventory up 1 milion BBL
Other article expected it to say down by 2 million BBL
Prices should crash
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packards42
Champion Author Washington

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Message Posted: Nov 25, 2010 2:27:11 AM

High inventories and higher prices, I wonder who really in charge.
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pulpwood
Champion Author Mississippi

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Message Posted: Nov 25, 2010 2:25:26 AM

Blah blah blah....... prices still up at the pump!
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lgwhitlock
Champion Author Chico

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Message Posted: Nov 25, 2010 2:19:53 AM

Another speculation report paid for by us the tax payers...
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findcheap
Champion Author Los Angeles

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Message Posted: Nov 25, 2010 2:10:26 AM

so . . . ?
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Tundralimited2009
Champion Author Dallas

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Message Posted: Nov 25, 2010 2:05:43 AM

Another Gov't Committee
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firechief
Champion Author New York

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Message Posted: Nov 25, 2010 2:03:56 AM

and this means nothing
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runway12
Champion Author Tacoma

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Message Posted: Nov 25, 2010 2:01:22 AM

Interesting on the increases.
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TWS658
Champion Author Portland

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Message Posted: Nov 25, 2010 1:51:50 AM

Ok
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Weirdomania1
Champion Author Orange County

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Message Posted: Nov 25, 2010 1:47:38 AM

Yawn
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Grismer
Champion Author Kitchener-Waterloo

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Message Posted: Nov 25, 2010 1:41:07 AM

These statistics are not really relevant to the price paid at the gas pumps by the average driver.
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gass12
Champion Author Omaha

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Message Posted: Nov 25, 2010 1:40:55 AM

What differencee does it make the prices stay the same.
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bobdec
Champion Author Miami

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Message Posted: Nov 25, 2010 1:33:20 AM

This report is useless, as it cannot be believed
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hubcapLA
Champion Author Louisiana

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Message Posted: Nov 25, 2010 1:20:04 AM

From the government so I don't trust it.
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OnTheWater
Champion Author Orange County

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Message Posted: Nov 25, 2010 1:17:41 AM

Same old DOE report don't believe anything you see here they say what ever they can to raise fuel prices!!!!
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wwardyota
Champion Author Honolulu

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Message Posted: Nov 25, 2010 1:06:19 AM

he-eey, what happened to supply and demand?

when we're low on supplies, the prices are high

now that there's more than ample supplies, why aren't prices dropping?
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RENEGADEGAS
Champion Author Missouri

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Message Posted: Nov 25, 2010 12:59:30 AM

Never trust anything from any agency of this administration.
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goodbuy
Champion Author Michigan

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Message Posted: Nov 25, 2010 12:58:35 AM

Seeing how inventories were expected to drop anywhere from 1.5 million barrels to 2 million barrels, someone made a 2.5 to 3 million barrel mistake. Guess you can't believe anyone any more.
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Canucktree
Champion Author Alberta

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Message Posted: Nov 25, 2010 12:49:49 AM

Just look at the graphs.
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grouch311
Champion Author Peoria

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Message Posted: Nov 25, 2010 12:45:05 AM

personally, I find these reports a waste of time
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unicornpmb
Champion Author Buffalo

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Message Posted: Nov 25, 2010 12:34:53 AM

Great news.
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comprof
Champion Author Houston

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Message Posted: Nov 25, 2010 12:31:08 AM

Too much variability to pay any attention to.
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Eichhornchen
Champion Author Detroit

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Message Posted: Nov 25, 2010 12:24:14 AM

This changes constantly
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jackson661
Champion Author Columbus

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Message Posted: Nov 25, 2010 12:22:09 AM

Refiners are finally coming out of maintenance and are again producing products.
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Bruno44
Champion Author Texas

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Message Posted: Nov 25, 2010 12:18:39 AM

Greenfog, thought you might like a definition of "expert" from years ago: An "ex" is a has been, and a "spert" is a drip under pressure. Kind of fits govt groups today.
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greenfog
Champion Author Illinois

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Message Posted: Nov 25, 2010 12:15:30 AM

of course they increased, they jack up the prices and driving slows down a 2nd grader can understand that concept. why cant the experts.
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mwo
Champion Author Twin Cities

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Message Posted: Nov 25, 2010 12:04:58 AM

Go ahead screw us some more.
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Bill100
Champion Author Grand Rapids

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Message Posted: Nov 25, 2010 12:03:44 AM

It seemed to be up more than is appreciated at midday Wednesday.
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gdognit1955
Champion Author Los Angeles

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Message Posted: Nov 24, 2010 11:58:45 PM

ok
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divebomber
Champion Author Nebraska

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Message Posted: Nov 24, 2010 11:58:26 PM

Bla...Bla...Bla...?
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10k
Champion Author North Carolina

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Message Posted: Nov 24, 2010 11:57:42 PM

it's thanksgiving on the east coast-i would give many thanks if this useless government crap would just go away..

happy thanksgiving to the united states ;)
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Zonk
Champion Author Michigan

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Message Posted: Nov 24, 2010 11:52:40 PM

What this report states and pump prices do not always flow in the same direction.
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EssexAdri
Champion Author Jacksonville

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Message Posted: Nov 24, 2010 11:45:40 PM

when the inventories go up why doesn't the price at the pump go down? when the inventories drop by any amount the price at the pump shoots up faster than the inventory status can be reported? we either are being lied to by the DOE Report or the oil companies are price gouging, which is it?
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runout9
Champion Author New Jersey

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Message Posted: Nov 24, 2010 11:38:46 PM

Crude remains in an uptrend, unless $74.50/bbl is taken
out to the downside.
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Prodaddy
Champion Author Houston

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Message Posted: Nov 24, 2010 11:37:40 PM

Didn't see much changing
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TBONE3
Champion Author Pennsylvania

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Message Posted: Nov 24, 2010 11:37:11 PM

All these bits of information do not seem to support what is going on at the pump price. They do what they want and then try to justify it by numbers. Who audits the numbers???
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SeerLV
Champion Author Las Vegas

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Message Posted: Nov 24, 2010 11:36:49 PM

Inventories up and demand down means the price of gas should fall . . . if it was controlled by market forces that is.
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52MPG
Champion Author Dayton

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Message Posted: Nov 24, 2010 11:36:11 PM

-0.2% lower
-0.7% higher

What?
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Ready Eddie
Champion Author Twin Cities

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Message Posted: Nov 24, 2010 11:36:04 PM

Inventory reports tell us nothing. unless you know when taken and what other items had an effect. Was production down for a reason. Maintenance or lower demand. Just to know production was down means nothing.
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pgerassi
Champion Author Milwaukee

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Message Posted: Nov 24, 2010 11:36:02 PM

Prices here are dropping.
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LocalSpyGuy
Champion Author Tampa

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Message Posted: Nov 24, 2010 11:36:01 PM

Why worry about something that you can't control?
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