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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (6065)	1/16/2002 11:33:34 AM
From: diana g	Read Replies (2) \| Respond to of 206348

What Matters & To Who??? Hi General Jimminy! <G> you wrote " "...I've often wondered how much of the weekly API and DOE inventory numbers are "background noise" When you have 500 million bbls in storage (or something like that), what difference is 2 -5 millions bbls? I've stopped looking at the weekly numbers and have concentrated on trends. Are refinery runs dropping? Are inventories building? dropping? ..." Imho, you're correct. Over the last few years since I've been watching, I've noticed an inclination among many posters to give much too much weight to small passing factors which might well be important to someone day trading NG or crude futures, but whose importance to those whose interest is OSX, E&P, & such should be small. (Except to influence minor timing decisions.) --- Inventories up/down this week? Storm in the GOM shuts down production for a day? Pipeline break? Will OSX type companies' prospects for the future hinge on such things? No. The price of NG or crude in the very short term may well move on these ephemera, & certainly there may be a minor spillover effect on the OSX etc. But in the big picture these things weigh little and their importance to any (except very short term traders) is often overemphasized. jmvvho, of course. regards, diana