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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: BigBull who wrote (65498)	5/1/2000 1:28:00 AM
From: dfloydr	Respond to of 95453

BigBull: I suspect you are right. I look at those inventory numbers and all them all together anyway. The only reason to break out the components would be if I were a heating oil buyer or a gasoline buyer. As an oil investor, what I want to know is the total available inventory, and while crude may be up, the other two have been ticking down mitigating the overall rise. Note too that over the last few months refinery run rates have risen ... correct me if my memory is wrong ... from something like 86% to 91.5%, so gas and heating oil inventories have been going down while run rates have been going up. If I were a refinery and I saw that trend, and with the summer coming on, I too would be adding crude as fast as I could.