Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Wowzer who wrote (67353)	5/31/2000 12:44:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Rory, I think I've come up with your answer on API's. Hopefully the reporter has it right. If so, then Memorial Day gasoline consumption will be in next weeks numbers. ------------------------------------------------------------ cbs.marketwatch.com Gasoline supplies are also expected to be up slightly -- between 100,000 barrels and 500,000 barrels -- as of the week ended May 26, while distillate inventories, which include heating oil, likely rose 2.3 million to 2.8 million barrels, the survey said.

To: Wowzer who wrote (67353)	5/31/2000 6:28:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Rory. Ok the confusion is cleared on the API's. Friday to Friday, only. The numbers do NOT include the Memorial day weekend, and therein provides quite a tale. THE story in the numbers is GASOLINE. Gasoline stocks down big IN SPITE of: 1. Increasing refinery run rates. 2. Increasing imports (from an already high level). 3. Holiday traffic NOT included. The 90 mbpd implied demand strongly suggests the driving season got started before Memorial day. This strongly implies verrrrry strong traffic over the extended weekend. Gasoline stocks should do an El Plunjo Diveroosky in next weeks numbers. Barring a miracle, Gasoline stocks WILL plunge below the DOE's lower operational range this summer. Maybe sooner than I thought. That may begin to induce hoarding as word gets out. Seems as though the seasonal crude build may be ending and rolling over as refiners furiously make product. It will be verrrrrry interesting to see if aggregate stocks roll over as well. Spike to $40 a barrel? We shall see. Bull