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

To: SliderOnTheBlack who wrote (40638)	3/23/2005 4:31:19 PM
From: t4texas	Respond to of 206321

685.4 minus 649.8 . that's what the strategic petroleum reserve data are from 3/18/2005 to 3/18/2004. here's the link that i used. you got some other link? eia.doe.gov

To: SliderOnTheBlack who wrote (40638)	3/23/2005 6:25:18 PM
From: Taikun	Read Replies (1) \| Respond to of 206321

Slider: Re: RMB I'm not saying it will definitely rise. I'm saying there are quite a few people who say it could fall. I am challenging assumptions here. Re: As for salesmanship OK, so I assume the F's you were giving out were for salemanship. Yeah, I know the people on the board do a crummy job of salemanship. I'd give you an E for effort in attempting to incite fear through your 'tic toc, but give it a break, will ya? Its getting thin. Anyway, Carl Icahn and XOM's CEO said the cheapest oil is on the stock exchange. Well, that oil just got cheaper today. I give them an A for salesmanship too! (They sold me on buying cheap oil stocks!!) D

To: SliderOnTheBlack who wrote (40638)	3/23/2005 9:12:34 PM
From: EnergyElmer	Respond to of 206321

I get a kick out of all the attention paid to absolute levels of inventory. One needs to look at two sides of the equation when evaluating inventory levels - inventory and sales. A balance sheet and income statement can never be looked at in isolation. If one sold WMT, MSFT, or INTC as soon as their inventory levels were above the five year average, they would have missed the decades of strong performance in the 80s and 90s. The smart investors/analysts were focusing on days inventory outstanding. Why should petroleum be any different? With petroleum, sales = demand. The most recent IEA report shows inventories in terms of days of inventories at the very bottom range of the 3,5, and 10 year averages. The DOE also commented on this very topic today in a Dow Jones Newswire interview and stated that they are looking at including this data in the future. The DOE stated that in the US, crude inventories are enough to cover just 19 days of demand versus 22 days two years ago. Also, is is really a surprise that oil is finding its way to the US shores when WTI trades at such a large premium to foreign grades. If anyone would have bothered to analyze the latest IEA report they would have learned that other countries are experiencing relative seasonal declines in inventories. All of this also needs to be put in the context of the entire petroleum chain from the wellhead to tankers to pipelines to refineries operating at effective full capacity.