To: Platter who wrote (39469 ) 3/10/1999 12:13:00 PM From: Gerald F Bunch Read Replies (1) | Respond to of 95453
TOO ALL I just received this in my email From: George <gclemen@calweb.com> Reply-To: gclemen@calweb.com Organization: NOESIS To: UPDATE NOESIS <update@oil-gasoline.com> Subject: oil-gasoline.com EARLYBIRD REPORT I see that 2.9 million barrels of crude oil miraculously reappeared in the inventory this week, despite a downturn in crude oil imports and a slight increase in crude oil inputs. The inventory of crude oil rose from 331.5 to 334.4 million barrels, inputs increased from 14.42 to 14.49 Million BPD and imports decreased from 8.949 to 8.653 million barrels per day. The best explanation seems to be that there WAS a reporting error last week in the crude oil inventory data (no way to determine whether it was intentional or not -- but it sure is strange that the same glitch turned up in several data bases). On the other hand, in response to last week's report, many small producers reported to me that they have turned back production in U.S. fields as much as 25%, some of it easily recoverable -- other wells are shut in permanently. Finally, the web site is in the process of spinning off from NOESIS and is now a separate company called "oil-gasoline.com." Stay with us to see the new, improved site. . . coming soon to your computer!!!! --George oil-gasoline.com <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML> I see that 2.9 million barrels of crude oil miraculously reappeared in the inventory this week, despite a downturn in crude oil imports and a slight increase in crude oil inputs. The inventory of crude oil rose from 331.5 to 334.4 million barrels, inputs increased from 14.42 to 14.49 Million BPD and imports decreased from 8.949 to 8.653 million barrels per day. The best explanation seems to be that there WAS a reporting error last week in the crude oil inventory data (no way to determine whether it was intentional or not -- but it sure is strange that the same glitch turned up in several data bases). <P>On the other hand, in response to last week's report, many small producers reported to me that they have turned back production in U.S. fields as much as 25%, some of it easily recoverable -- other wells are shut in permanently. <P>Finally, the web site is in the process of spinning off from NOESIS and is now a separate company called "oil-gasoline.com ." Stay with us to see the new, improved site. . . coming soon to your computer!!!! --George <A HREF="http://www.oil-gasoline.com">http://www.oil-gasoline.com</A></HTML> Regards GB