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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Keith Feral who wrote (84504)9/4/2008 12:57:31 PM
From: Keith Feral  Read Replies (1) of 116555
 
Very interesting that the Feds are looking into bogus oil supply numbers. I think the biggest travesty is that alternative oil like oil sands is considered a mining asset. Companies like Conoco are not allowed to report oil reserves from sources like oil sands as part of their crude inventory.

Add the numbers back from oil sands and there is no inventory problem.
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