Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Roebear who wrote (57506)	12/28/1999 5:13:00 PM
From: Wowzer	Read Replies (2) of 95453

<<More API stuff by: JoeDi123 12/28/1999 5:06 pm EST Msg: 10788 of 10789 Crude stocks excluding PADD 5 down 2.1 million PADD 1 Heat stocks down 4.4 million PADD 1 RFG gas stocks down 2.5 million Implied gas demand 8.58 mdpd vs 8.94 Implied heat demand 3.00 mdpd vs 4.02 Crude stocks 291,718 vs 333,445 last year Gas stocks 192,594 vs 211,339 last year Heat stocks 126,252 vs. 152,528 last year Crude imports 7,991 mbpd vs 7,977 last week Product imports 1,534 vs 1,728 last week AGA gas guess from Bridge 140 to 160 lower Crude on access 2699a +17 Gas 7320a +57 Heat 7150a +71 Small correction by: JoeDi123 12/28/1999 5:09 pm EST Msg: 10789 of 10790 implied heat demand 3.99 not 3.00. >> Just look at the total crude, gas and heating inventory levels compared to last year. A 17% drop in heat stocks with a relatively warm winter so far...amazing. I sure the hell aint selling my oil stocks...not now. You don't have to hit me over the head with a 2 by 4 to see we may a serious supply problem in the not to distant future. I know I know all OPEC has to do is raise production, but is it really that simple?

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