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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (56749)1/22/2015 5:42:30 PM
From: dvdw©  Read Replies (1) of 71454
 
Be careful Outputs not characterized are pitfalls

2 facts from Today are
The U.S. Energy Information Administration said crude inventories rose by 10.1 million barrels on the week ended Jan. 16. Analysts polled by Platts had expected an increase of 2.5 million barrels.

Moreover, at 387.9 million barrels, U.S. crude oil inventories “are at the highest level for this time of the year in at least the last 80 years,” the EIA said in the report.

One would have to go back to the Calvin Coolidge administration to see U.S. supplies hovering at 400 million barrels, and the surge this week was attributed to lower refinery runs.

2. The above do not include the 671 million barrels in the SPR inventory.

spr.doe.gov

Oil is going lower, because demand is under pressure from a number of directions.
Team USA will never need opec oil again…..unless of course the malfeasance of oligarchy amplifies itself to run as the malfeasance of oiligarchy.

those folks leasing space on VLCC….might be considered the low hanging fruits.
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