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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Dennis Roth who wrote (41813)4/13/2005 11:14:47 AM
From: CommanderCricket  Read Replies (1) of 206325
 
$50 plus bbl WTI CL is not reducing demand.

Total product supplied over the last four-week period has averaged 20.4 million barrels per day, or 1.1 percent more than averaged over the same period last year. Over the last four weeks, motor gasoline demand has averaged nearly 9.1 million barrels per day, or 1.4 percent above the same period last year, while distillate fuel demand has averaged nearly 4.3 million barrels per day, or 3.8 percent above the same period last year. Kerosene-type jet fuel demand is up 4.2 percent over the last four weeks compared to the same four-week period last year.

It's obvious we have enough supply but it took took high prices to get it here. Based on the continuing highdemand numbers we need an additional 3% - 4% inventory in place.

Another down day for most everything. You would think the major averages would have rallied on the EIA numbers.
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