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: Dwight E. Karlsen who wrote (39404)	3/9/1999 11:38:00 PM
From: upanddown	Read Replies (1) of 95453

Dwight DOE/EIA usually reports on Wed around market opening. After they report, we then have the usual discussion here about why they are out of sync.<g> Both sets of numbers are supposed to reflect status as of the previous Friday. The main difference is that DOE/EIA is mandatory while API (mainly an industry lobbying group) reporting is voluntary. People on this thread usually just pick the numbers they like best.<ggg> Actually, the ACCESS reaction to the API numbers is encouraging so maybe the markets are being affected more by other factors like hints of firming demand. If there is one thing we should have learned during the last year, it is the great difficulty of solving demand problems with supply solutions. It may work in a lot of businesses that are purely market-driven but it ain't working in the oil bidness. John

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