Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Grommit who wrote (23924)	6/13/1998 2:02:00 AM
From: Douglas V. Fant	Read Replies (1) of 95453

Grommitt, Correct "commercial oil stocks" includes refined oils, i.e., lubricants and greases. Also you hit a very important point- and part of the reason why I am here. Yup US/North American storage tanks are bulging with crude oil. But those "bulging tanks" only hold a few weeks worth of supplies based upon the US's 18.6mm bbls/day usage of crude oil. That is slight adjustments in the supply of crude oil worldwide can impact supplies and prices IMO..... Sincerely, Doug F.

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