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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: isopatch who wrote (184151)	6/1/2014 7:29:51 PM
From: Biomaven	Read Replies (2) of 206200

>gasoline supplies This guy on zerohedge is not only paranoid and deluded, he is also incompetent. Five minutes googling reveals the following: The graph on gasoline supply he shows is retail sales by refineries. That has indeed dropped. Here are two relevant informative graphs showing actual gasoline supplies, which have been remarkably flat: Product supplied: eia.gov Wholesale/resale volume (through 2006 - no longer updated) eia.gov Gasoline consumption in the US is indeed down some - both fewer miles driven and better fuel economy. But gasoline imports are down and exports are up substantially. (The stupid rules that prevent export of crude mean that refined products get exported instead). Peter (EDIT: I see now that KyrosL on this thread also pointed out the issue with this post)

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