US Oil Inventories (Energy Dept)

[6fulongs]

Hi,

Would anyone like to speculate on where exactly the US have managed to gain 3.4 million barrels of crude from this week given the current global conditions ?

Iam a little confused today by these statistics, the gulf of mexico alone accounts for 25% of all US energy needs, and a large percentage of operations are still not active since IVAN passed by.

Saudi's only announced an increase of 1.5 mil per day, IRAQ, Venezuela, Russia and Nigeria certainly are not producing more oil at the present time, so where are the rises coming from ??

My personal opinion is that these stats sounds like a "chicken vindaloo" to me.

 

[starspacer]

What's that saying again, "lies, damned lies and ......."?

 

[trendie]

Maybe Dubya got his brother Jeb to do the counting.

 

[6fulongs]

Fortunately (being a conspiracy theorist ) I had anticipated an announced rise today, as I believe $50 is a major psychological resistance level, and ofcourse, the effects on the long-term expansion of global economies would be severly affected by $50 + as we all know. Iam just wondering if Jeb really did the counting this week, how long can the US Energy Dept expect to get away with it. To me, the long-term demand production levels can only point to price increases with the additional demand from China also begining to have a major impact. With continued disruption very likely due to climate change and "terrorist" threats going long should be a good one, quite clearly we are in very precarious economic times. The million "euro" question is, whats going to happen tommorow ?

 

[trendie]

Being fascinated by conspiracy theories myself...
There is an oil shortage, ( the Hubbert Principle or something ).
Maybe the oil companies are just forcing the price of oil up to maximise their profits.
We will cope, even as the oil runs out.
There are alternatives.

SVO - straight vegetable oil. This vegetable oil can be grown as a crop - so is renewable. Minor mods to a diesel engine, and you are away!!

Methanol: south americans use this all over brazil/argentina. ( no engine kods required )
methanol; is alcohol !! ( sugar is a crop, can be grown !! )

the reason for the invasion of iraq, was that iraq were considering selling oil in EUROs.
guess two more countries that wanted to sell oil in EUROs ( more stable than dollar )
IRAN.
and Equatorial Guinea!! Who?? the country that almost had a us-inspired coup.

Without oil-dollar, the dollar is WORTHLESS.

 

[6fulongs]

Yes I certainly agree with the cartels deliberate inflation of crude prices in order to maximise profits. Uncle George and son have certain business orientated connections with the saudi's (say no more) free energy already exists according to several scientists, who just so happen to have all been branded as heretics and stripped of their hard earned credentials...

Its a vast topic that I could hardly get to grips with in a short post here, in the future we will be forced to use free energy, the powers that be know this, so a last dance by the crude suppliers in order for CE grandchildren to be very rich and therefore powerful is quite likely and already happening in my opinion.

However they must balance their crude profits with prudent economic managment as we are not ready for the great econonmic collapse and NWO just yet !

Iam just pissed that I didnt get a 2 dollar increase in my own personal satchel today. hehe