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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: JungleInvestor who wrote (58480)1/14/2000 3:53:00 AM
From: dfloydr  Read Replies (1) of 95453
 
Jungleinvestor, Someone posted a great link to a chart showing the historic range of crude oil inventory as a broad blue band with a black line showing 1999 inventories superimposed, with current plots being right along the bottom edge of the blue band.

What I noted, besides the present very low inventory level, was that inventories trend upwards from early January through about March. I wish I could find the link to include it here. Point being: we are likely, as a normal course of events, to see inventories move up from these levels.

Perhaps someone in the industry can throw in some explanation for this ... building crude inventory for summer gas? Who knows? But upward trending crude inventory for the next three months should not surprise us.

Now if OPEC keeps on the screws and that black line starts to trace along way outside of that blue range ... woa, we'll be looking at some real news!
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