TOO ALL
I just received this in my email
From: George <gclemen@calweb.com>
Reply-To: gclemen@calweb.com
Organization: NOESIS
To: UPDATE NOESIS <update@oil-gasoline.com>
Subject: oil-gasoline.com EARLYBIRD REPORT
I see that 2.9 million barrels of crude oil
miraculously reappeared in the inventory this week,
despite a downturn in crude oil imports and a slight
increase in crude oil inputs. The inventory of crude
oil rose from 331.5 to 334.4 million barrels, inputs
increased from 14.42 to 14.49 Million BPD and imports
decreased from 8.949 to 8.653 million barrels per day.
The best explanation seems to be that there WAS a
reporting error last week in the crude oil inventory
data (no way to determine whether it was intentional or
not -- but it sure is strange that the same glitch
turned up in several data bases).
On the other hand, in response to last week's report,
many small producers reported to me that they have
turned back production in U.S. fields as much as 25%,
some of it easily recoverable -- other wells are shut
in permanently.
Finally, the web site is in the process of spinning off
from NOESIS and is now a separate company called
"oil-gasoline.com." Stay with us to see the new,
improved site. . . coming soon to your
computer!!!! --George oil-gasoline.com
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML>
I see that 2.9 million barrels of crude oil miraculously reappeared
in the inventory this week, despite a downturn in crude oil imports and
a slight increase in crude oil inputs. The inventory of crude oil rose
from 331.5 to 334.4 million barrels, inputs increased from 14.42 to 14.49
Million BPD and imports decreased from 8.949 to 8.653 million barrels per
day. The best explanation seems to be that there WAS a reporting
error last week in the crude oil inventory data (no way to determine whether
it was intentional or not -- but it sure is strange that the same glitch
turned up in several data bases).
<P>On the other hand, in response to last week's report, many small producers
reported to me that they have turned back production in U.S. fields as
much as 25%, some of it easily recoverable -- other wells are shut in permanently.
<P>Finally, the web site is in the process of spinning off from NOESIS
and is now a separate company called "oil-gasoline.com." Stay
with us to see the new, improved site. . . coming soon
to your computer!!!! --George <A HREF="http://www.oil-gasoline.com">http://www.oil-gasoline.com</A></HTML>
Regards
GB
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