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PD Moderator	Message Posted: Jan 5, 2011 9:36:52 AM Ignore PD Report Abuse The Department of Energy released its weekly report on the condition of petroleum inventories in the United States today. Here are some highlights: Crude oil inventories decreased by 4.2 million barrels to a total of 335.3 million barrels. At 335.3 million barrels, inventories are 7.9 million barrels above last year (2.4%) and are now slightly above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.9 million barrels to 37.5 million barrels this week. Gasoline inventories increased 3.3 million barrels to 218.1 million barrels. At 218.1 million barrels, inventories are now 1.6 million barrels, or 0.7% lower than last year (last week that number was 0.5% lower). No decreases were in gasoline inventories... Visit GasBuddy Blog for full article

Moderator

Message Posted: Jan 5, 2011 9:36:52 AM

Ignore PD Report Abuse

The Department of Energy released its weekly report on the condition of petroleum inventories in the United States today.

Here are some highlights:

Crude oil inventories decreased by 4.2 million barrels to a total of 335.3 million barrels. At 335.3 million barrels, inventories are 7.9 million barrels above last year (2.4%) and are now slightly above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.9 million barrels to 37.5 million barrels this week.

Gasoline inventories increased 3.3 million barrels to 218.1 million barrels. At 218.1 million barrels, inventories are now 1.6 million barrels, or 0.7% lower than last year (last week that number was 0.5% lower). No decreases were in gasoline inventories...

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OHMS Champion Author Orange County Posts:13,712 Points:1,690,905 Joined:May 2005	Message Posted: Jan 10, 2011 10:14:02 PM Ignore OHMS Report Abuse GOOD WORK GB;
theshredguy Champion Author Portland Posts:1,167 Points:230,075 Joined:Dec 2010	Message Posted: Jan 8, 2011 8:04:16 PM Ignore theshredguy Report Abuse :(
theshredguy Champion Author Portland Posts:1,167 Points:230,075 Joined:Dec 2010	Message Posted: Jan 7, 2011 9:44:22 PM Ignore theshredguy Report Abuse Supply and demand obviously has nothing to do with this industry any more.
tomok Champion Author Portland Posts:32,980 Points:2,344,535 Joined:Aug 2006	Message Posted: Jan 6, 2011 8:24:24 PM Ignore tomok Report Abuse Crude oil inventories decreased by 4.2 million barrels, gasoline inventories increased 3.3 million barrels and the price of fuel at the pump is too high!
ItsMorph Champion Author Grand Rapids Posts:33,422 Points:3,184,205 Joined:Mar 2004	Message Posted: Jan 6, 2011 10:55:17 AM Ignore ItsMorph Report Abuse
dlemma Champion Author Wyoming Posts:4,101 Points:1,554,045 Joined:Feb 2008	Message Posted: Jan 6, 2011 7:53:15 AM Ignore dlemma Report Abuse Funny how AMericans don't want companies to succeed and make money for their shareholders...
fratt Champion Author Grand Rapids Posts:9,820 Points:2,643,955 Joined:Jul 2005	Message Posted: Jan 6, 2011 3:49:57 AM Ignore fratt Report Abuse I agree with twobroke61.
BBopp Champion Author Dayton Posts:6,829 Points:1,936,505 Joined:Dec 2006	Message Posted: Jan 6, 2011 3:37:08 AM Ignore BBopp Report Abuse Just what would happen if the refineries ran at 100%? Or is that a pipe dream? I would like to see the inventories increase to the maximum as well as refinery output.
1fulltank Champion Author Buffalo Posts:7,898 Points:1,543,335 Joined:Nov 2008	Message Posted: Jan 6, 2011 3:31:59 AM Ignore 1fulltank Report Abuse Yawwwwnnnn....
Beau2140 Champion Author New York Posts:8,291 Points:1,656,185 Joined:Oct 2008	Message Posted: Jan 6, 2011 3:23:34 AM Ignore Beau2140 Report Abuse With the prices rising the inventories should also rise.
lgwhitlock Champion Author Chico Posts:7,380 Points:1,684,520 Joined:Jun 2008	Message Posted: Jan 6, 2011 3:20:38 AM Ignore lgwhitlock Report Abuse Oh great, another government sponsored speculation report...
computernut2008 Champion Author Ohio Posts:6,568 Points:1,349,390 Joined:Oct 2008	Message Posted: Jan 6, 2011 3:13:44 AM Ignore computernut2008 Report Abuse DOE = POS
SteveMartin Champion Author New Orleans Posts:4,423 Points:884,440 Joined:May 2008	Message Posted: Jan 6, 2011 3:07:21 AM Ignore SteveMartin Report Abuse I agree with twobroke61.
CiVX Champion Author Oakland Posts:7,050 Points:1,358,610 Joined:Feb 2009	Message Posted: Jan 6, 2011 3:03:13 AM Ignore CiVX Report Abuse Lets let them keep as much as possible; maybe someday they'l have to put it back in the ground.
jcurley Champion Author California Posts:7,893 Points:1,774,045 Joined:Dec 2007	Message Posted: Jan 6, 2011 3:02:56 AM Ignore jcurley Report Abuse Isn't that nice. We get screwed by the banks, oil speculators and gas speculators.
twobroke61 Champion Author Michigan Posts:8,375 Points:1,587,985 Joined:Sep 2008	Message Posted: Jan 6, 2011 2:52:31 AM Ignore twobroke61 Report Abuse they have refineries shut down for maintainence right now just to drive the price higher with all that is stored it should be going down not up
gass12 Champion Author Omaha Posts:8,384 Points:2,302,740 Joined:Oct 2005	Message Posted: Jan 6, 2011 2:49:53 AM Ignore gass12 Report Abuse Mopre waisted Bull.
Pozole Champion Author Portland Posts:9,591 Points:1,593,545 Joined:Mar 2005	Message Posted: Jan 6, 2011 2:49:33 AM Ignore Pozole Report Abuse ...if gas prices keep soaring, there ought to be a lot more of it stored soon...
jjewell Champion Author San Bernardino Posts:9,380 Points:1,225,270 Joined:Jul 2008	Message Posted: Jan 6, 2011 2:45:49 AM Ignore jjewell Report Abuse i wonder how far underground we keep all those barrels :P
georgeo Champion Author California Posts:4,172 Points:179,115 Joined:May 2009	Message Posted: Jan 6, 2011 2:38:11 AM Ignore georgeo Report Abuse With reports like this, oil should fall like a stone.
Retowered Champion Author Colorado Posts:8,572 Points:2,684,440 Joined:May 2004	Message Posted: Jan 6, 2011 2:37:54 AM Ignore Retowered Report Abuse So what does this have to do with the prices at the pump?
findcheap Champion Author Los Angeles Posts:9,592 Points:2,008,900 Joined:Apr 2007	Message Posted: Jan 6, 2011 2:32:09 AM Ignore findcheap Report Abuse and . . ?
BaronVonSagyPus Champion Author New York Posts:1,344 Points:272,985 Joined:Nov 2010	Message Posted: Jan 6, 2011 2:28:20 AM Ignore BaronVonSagyPus Report Abuse So hy are we getting screwed.?
Powerstroke73L Champion Author Sacramento Posts:2,816 Points:731,150 Joined:Jul 2008	Message Posted: Jan 6, 2011 2:24:33 AM Ignore Powerstroke73L Report Abuse Does it even matter? Inventories go up, meaning people don't need or aren't using the product as much and yet they STILL raise the price of the product. I guess I'm getting old. Things used to be easier when they actually made sense...
vulcan96 Champion Author Ohio Posts:26,896 Points:3,102,700 Joined:Aug 2004	Message Posted: Jan 6, 2011 2:14:01 AM Ignore vulcan96 Report Abuse the DOE is one of many depts. that need to be eliminated entirely !!!!
tsecruiser Rookie Author Washington Posts:28 Points:7,080 Joined:Jan 2011	Message Posted: Jan 6, 2011 2:01:24 AM Ignore tsecruiser Report Abuse You can always make the #'s look any way you like for the public.
NavyStore Champion Author Seattle Posts:3,860 Points:2,074,495 Joined:Aug 2005	Message Posted: Jan 6, 2011 2:00:12 AM Ignore NavyStore Report Abuse Up & Down
Buddy2264 Champion Author Tampa Posts:11,649 Points:2,358,995 Joined:Oct 2005	Message Posted: Jan 6, 2011 1:57:30 AM Ignore Buddy2264 Report Abuse Going to use the inventory scare to raise the price, when they control the inventory. We still wonder how is it that right away the price goes up when the oil has not even been pumped. Hybrid at least gets us the increased MPG for now that we want. Conservation keeps your money in your pocket.
bobdec Champion Author Miami Posts:8,959 Points:1,768,845 Joined:May 2008	Message Posted: Jan 6, 2011 1:50:10 AM Ignore bobdec Report Abuse DOE reports are not worth the paper they are written on
memory_of_max Champion Author Little Rock Posts:7,302 Points:1,057,020 Joined:Mar 2007	Message Posted: Jan 6, 2011 1:49:20 AM Ignore memory_of_max Report Abuse More government intrusion clouding the issues
LoneGuy Champion Author Lansing Posts:8,475 Points:2,317,020 Joined:Aug 2005	Message Posted: Jan 6, 2011 1:48:23 AM Ignore LoneGuy Report Abuse So oil is above last years but down lately. Meanwhile the gas is below the inventories of last year but still looking for buyers. Down economy with little to look forward to.
tessnlu Champion Author Missouri Posts:24,238 Points:1,106,265 Joined:Aug 2008	Message Posted: Jan 6, 2011 1:33:36 AM Ignore tessnlu Report Abuse So? It doesn't change how they rob us at the gas pump every time we pull in.
goalie1950 Champion Author Phoenix Posts:6,405 Points:1,295,445 Joined:Oct 2009	Message Posted: Jan 6, 2011 1:32:14 AM Ignore goalie1950 Report Abuse Blah, Blah, Blah. More useless data from an even bigger waste of taxpayer money: the DOE
OnTheWater Champion Author Orange County Posts:2,123 Points:623,130 Joined:Nov 2009	Message Posted: Jan 6, 2011 1:22:44 AM Ignore OnTheWater Report Abuse Same old DOE bull crap!! Their on OPEC's side not ours.
wmtbilly Rookie Author Delaware Posts:52 Points:81,375 Joined:Jul 2008	Message Posted: Jan 6, 2011 1:21:18 AM Ignore wmtbilly Report Abuse Written by the BIG OIL...no doubt...as REPORTED by BIG OIL...and we all know...they always "tell the truth" and "do the Right Thing" ..ie. BP and BP and BP and let's throw in the EXXON Valdez...just to be fair and balanced!
Saturn93 Champion Author Salt Lake City Posts:7,292 Points:1,640,885 Joined:Oct 2006	Message Posted: Jan 6, 2011 1:14:12 AM Ignore Saturn93 Report Abuse Do you really trust a government report?
nurdco Champion Author Colorado Springs Posts:9,222 Points:1,693,435 Joined:Apr 2008	Message Posted: Jan 6, 2011 1:11:41 AM Ignore nurdco Report Abuse Prices Still go UP...
gamalerin Champion Author Tampa Posts:4,747 Points:992,535 Joined:Jul 2010	Message Posted: Jan 6, 2011 12:54:20 AM Ignore gamalerin Report Abuse politics
PoohMcGoo Champion Author Alabama Posts:3,067 Points:799,835 Joined:Dec 2010	Message Posted: Jan 6, 2011 12:53:41 AM Ignore PoohMcGoo Report Abuse So true.. Laws of Supply and Demand don't apply when it comes to Oil and Gas prices..
grouch311 Champion Author Peoria Posts:6,378 Points:1,572,155 Joined:Jun 2007	Message Posted: Jan 6, 2011 12:53:06 AM Ignore grouch311 Report Abuse color me stupid, but I still don't understand what this has to do with what I pay at the pump
DJRIO Champion Author Miami Posts:8,040 Points:1,424,610 Joined:Jan 2008	Message Posted: Jan 6, 2011 12:52:32 AM Ignore DJRIO Report Abuse oil price is driven technical .not supply and demand
dabuzman Champion Author Seattle Posts:4,467 Points:1,810,410 Joined:Apr 2006	Message Posted: Jan 6, 2011 12:52:12 AM Ignore dabuzman Report Abuse A department that has done nothing for us but get our money. Big joke!
arinkrat17 Champion Author Twin Cities Posts:6,284 Points:1,330,500 Joined:Aug 2009	Message Posted: Jan 6, 2011 12:48:57 AM Ignore arinkrat17 Report Abuse what a joke
BobD2009 Champion Author Long Island Posts:6,984 Points:1,238,810 Joined:Apr 2009	Message Posted: Jan 6, 2011 12:32:19 AM Ignore BobD2009 Report Abuse Our tx dollars at work, not.
52MPG Champion Author Dayton Posts:7,254 Points:1,740,670 Joined:Apr 2006	Message Posted: Jan 6, 2011 12:31:20 AM Ignore 52MPG Report Abuse Supply is not the problem.
comprof Champion Author Houston Posts:6,854 Points:1,355,775 Joined:Jul 2009	Message Posted: Jan 6, 2011 12:29:56 AM Ignore comprof Report Abuse I keep saying, it is not just inventories, it is the depreciation of the dollar.
cutter1330 Champion Author Oklahoma Posts:8,030 Points:1,692,390 Joined:Jul 2005	Message Posted: Jan 6, 2011 12:29:28 AM Ignore cutter1330 Report Abuse Speculate....nothing more to do but speculate.
pinkelefant Champion Author Sacramento Posts:19,581 Points:2,659,630 Joined:Aug 2003	Message Posted: Jan 6, 2011 12:29:08 AM Ignore pinkelefant Report Abuse thx
HawaiianGuy Champion Author Idaho Posts:9,523 Points:3,077,975 Joined:May 2003	Message Posted: Jan 6, 2011 12:24:13 AM Ignore HawaiianGuy Report Abuse Inventories increasing. Prices at the pump increasing...What is wrong with this picture?
goodbuy Champion Author Michigan Posts:7,658 Points:1,420,630 Joined:May 2005	Message Posted: Jan 6, 2011 12:23:56 AM Ignore goodbuy Report Abuse Look at the weather. Happens every year. It is called, "HEATING OIL".