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To: Roebear who wrote (57506)12/28/1999 5:13:00 PM
From: Wowzer  Read Replies (2) | Respond to of 95453
 
<<More API stuff
by: JoeDi123
12/28/1999 5:06 pm EST
Msg: 10788 of 10789
Crude stocks excluding PADD 5 down 2.1 million
PADD 1 Heat stocks down 4.4 million
PADD 1 RFG gas stocks down 2.5 million
Implied gas demand 8.58 mdpd vs 8.94
Implied heat demand 3.00 mdpd vs 4.02
Crude stocks 291,718 vs 333,445 last year
Gas stocks 192,594 vs 211,339 last year
Heat stocks 126,252 vs. 152,528 last year
Crude imports 7,991 mbpd vs 7,977 last week
Product imports 1,534 vs 1,728 last week
AGA gas guess from Bridge 140 to 160 lower
Crude on access 2699a +17
Gas 7320a +57
Heat 7150a +71

Small correction
by: JoeDi123
12/28/1999 5:09 pm EST
Msg: 10789 of 10790
implied heat demand 3.99 not 3.00. >>

Just look at the total crude, gas and heating inventory levels compared to last year. A 17% drop in heat stocks with a relatively warm winter so far...amazing. I sure the hell aint selling my oil stocks...not now. You don't have to hit me over the head with a 2 by 4 to see we may a serious supply problem in the not to distant future. I know I know all OPEC has to do is raise production, but is it really that simple?



To: Roebear who wrote (57506)12/28/1999 5:53:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Umm, OK, a 7.5 million barrel net draw. Is it just me, or does anyone notice a trend here?

One more month of this and the US will be down to 280 or less. That will spell panic buying. IMO. Wolanchuk is looking better and better. Crude prices making new highs in the aftermarket as I speak. Don't ever bet against the Yankees or Wolanchuk. <g>

I'm just lovin' the $20 bbl consensus wall of worry. BTW there are now shortages of tanker fuel in Singapore. Ships gotta stoke up in Rotterdam.

Rappy nu har. hiccup!