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Author Topic: DOE report highlights Back to Topics
PD
Moderator
Message Posted: Apr 6, 2011 10:37:48 AM

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 increased by 2.0 million barrels to a total of 357.7 million barrels. At 357.7 million barrels, inventories are 1.5 million barrels above last year (0.4%) and are above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.0 million barrels to 41.9 million barrels this week.

Gasoline inventories decreased 0.4 million barrels to 216.7 million barrels, likely as they drain the system of winter spec (high RVP) gasoline. At 216.7 million barrels, inventories are now 5.7 million barrels, or 2.6% lower than last year (last week that number...

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REPLIES (newest first) Post a Reply
WanderDan
All-Star Author Dayton

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Message Posted: Jan 7, 2013 12:55:36 PM

ok
dongo50
Champion Author West Virginia

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Message Posted: Jan 7, 2013 7:06:04 AM

ok
dockersbin
Veteran Author North Carolina

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Message Posted: Nov 23, 2012 11:48:31 AM

Alright!
Bearcat500
Champion Author Cincinnati

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Message Posted: Nov 23, 2012 8:38:44 AM

OK.
jtmalone
Rookie Author Illinois

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Message Posted: Apr 26, 2011 2:03:59 PM

Give me my points!
JAIMEFOX
Rookie Author Raleigh

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Message Posted: Apr 12, 2011 8:48:21 PM

ARE WE TALKING WHISKEY HERE OR ARE OIL EXECUTIVES DRUNK AGAIN LOL
tomok
Champion Author Portland

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Message Posted: Apr 8, 2011 10:57:27 AM

Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories increased, Refinery utilization rose, Production of fuel ethanol decreased and the price of fuel at the pump is too high!
1006
Champion Author Birmingham

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Message Posted: Apr 7, 2011 6:44:01 AM

interesting word smithing
rasprout
Champion Author Tacoma

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Message Posted: Apr 7, 2011 4:56:49 AM

Yet we still see prices rise.

When will the US get tough on Speculation...
runinoutagas
Champion Author San Bernardino

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Message Posted: Apr 7, 2011 2:11:28 AM

… “rose 0.0 million barrels”; and “Among the regions posting gains … the Rockies (-0.0mb)” — sound like instances of a bit of “fuzzy math” to me.  Also, that “Crude oil inventories increased by 2.0 million barrels …” while “Total oil stocks in the United States are down 7.2 million barrels” seems rather ambiguous. I suppose that could be referring to refined product being off; but that isn't exactly borne-out in the article. Obviously price is up, so the supply-chain is encountering resistance to movement somewhere; and contrary to the “speculation” conspiracists' speculations, stagnation doesn't help their profit equation either. I know of no entity on earth that can screw things up more royally and that is more irresponsible than “big gov”; and that is where You'll find the real culprits behind these lousy prices. (They'll be found “scapegoating” others, of course; and “painting the roses red”.) Drill !! and increase refining capacity, in anticipation of the economic boom that will follow stifling “big gov” having gotten out of the way of enterprise.
TIGERPAW46
Champion Author Florida

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Message Posted: Apr 7, 2011 1:55:42 AM

Crude inventories keep increasing for weeks while gasoline inventories keep decreasing. The article again suggest they ae probably depleting their winter supplies. Sounds like refineries have reduced output to help push prices up so they can get in on the extra profits.>"Refinery utilization rose to 84.4%, a rise of 0.3% vs. last week's numbers. Gasoline production decreased last week to 8.8 million barrels per day while distillate fuel production averaged 4.3 million barrels per day, an increase over the prior week."<



[Edited by: TIGERPAW46 at 4/7/2011 2:00:36 AM EST]
bcok
Champion Author Los Angeles

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Message Posted: Apr 7, 2011 1:47:34 AM

Too bad some of this oil can't help qualm the price at the pump.
grouch311
Champion Author Peoria

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Message Posted: Apr 7, 2011 1:36:34 AM

don't understand, just color me confused
Grismer
Champion Author Kitchener-Waterloo

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Message Posted: Apr 7, 2011 1:33:45 AM

Simply put, with greater refinery production and less interference by market speculators, pump prices might have levelled off.
9C1
Champion Author Chicago

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Message Posted: Apr 7, 2011 1:25:33 AM

Prices are controlled by speculators.
66mustangfb
Champion Author Missouri

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Message Posted: Apr 7, 2011 1:23:54 AM

Price is controll by World Oil prices, not inventory.
GAS1251
Champion Author Texas

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Message Posted: Apr 7, 2011 1:22:59 AM

Note to speculators- Nothing to see here, move along.
srchr
Champion Author San Jose

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Message Posted: Apr 7, 2011 1:21:56 AM

waste of gov't money - let a private firm do it
WantLowLowLow
Champion Author Dallas

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Message Posted: Apr 7, 2011 1:21:04 AM

That's why they will raise gas prices.
Archangel00
Champion Author Mississippi

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Message Posted: Apr 7, 2011 1:19:26 AM

ZZzzZZzzZZ......
BigMoney65
Champion Author Wisconsin

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Message Posted: Apr 7, 2011 1:19:12 AM

Thank you speculators.
jadeusa
Champion Author Dallas

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Message Posted: Apr 7, 2011 1:15:12 AM

Supply should be higher since demand is down.
MattR228
Sophomore Author Illinois

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Message Posted: Apr 7, 2011 1:15:03 AM

http://www.youtube.com/watch?v=VIA5aszzA18
RENEGADEGAS
Champion Author Missouri

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Message Posted: Apr 7, 2011 1:13:27 AM

I never trust anything from any agency of this administration.
djgunrunner
Champion Author Salt Lake City

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Message Posted: Apr 7, 2011 1:13:22 AM

Crude is in excess and the price is up. Thank you speculators. Gasoline supplies are a little below normal but not in excess and the price is out of sight. Thank you big oil and speculators. We need to have Natural Gas infrastructure now. We need to have the money that the government was just going to give to Big Oil and the Ethanol Mafia for doing nothing and use it for rebates and incentives to convert to Natural Gas for low interest loans for the infrastructure. We need the Natural Gas Conversion Stations to quit scalping the public and to make a reasonable profit on each job and not have to pay for every license and certification with each installation. We need the American automobile manufactures who are making Natural Gas cars and trucks for the overseas market to make them available in America.
southrob
Champion Author Tucson

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Message Posted: Apr 7, 2011 1:09:26 AM

gettin ready to bust the economy again remember 08? Thanks congress and president. you could do something about it but don't seem to care
djtdi
Champion Author San Jose

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Message Posted: Apr 7, 2011 1:04:44 AM

Help us God? Why do we keep reading this kind of reports.
computernut2008
Champion Author Ohio

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Message Posted: Apr 7, 2011 1:04:17 AM

The DOE is BS//
TXGasPriceSpy
Champion Author Fort Worth

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Message Posted: Apr 7, 2011 1:03:34 AM

The most useless report on this site.
Tundralimited2009
Champion Author Dallas

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Message Posted: Apr 7, 2011 1:03:31 AM

Time will tell
carloco75
Champion Author Richmond

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Message Posted: Apr 7, 2011 1:01:14 AM

Wonderfullshit...i'm still paying 2.50 too dam much!!!

[Edited by: carloco75 at 4/7/2011 1:01:53 AM EST]
pastorpaulcg
Champion Author Virginia

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Message Posted: Apr 7, 2011 12:59:53 AM

Okay
MidNJ
Champion Author New Jersey

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Message Posted: Apr 7, 2011 12:58:55 AM

tedjm,

I agree, there is not much being said here.

We need a time line, and not just "highlights"
missmoby
All-Star Author Lansing

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Message Posted: Apr 7, 2011 12:56:05 AM

Very sad for us
tedjm1
Champion Author New York

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Message Posted: Apr 7, 2011 12:47:40 AM

Who cares. Not much being said here.
slowpoke63
Champion Author Louisiana

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Message Posted: Apr 7, 2011 12:44:18 AM

Supply increases, price increases,...HMMMMMM?!?!?!
Buddy2264
Champion Author Tampa

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Message Posted: Apr 7, 2011 12:43:42 AM

Who knows what it all means while prices continue to rise. Conservation keeps your money in your pocket.
jkpsr
Champion Author New Jersey

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Message Posted: Apr 7, 2011 12:43:28 AM

Where were the market forces? Wall Street does it again!
Rageagainsttm
Champion Author Tampa

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Message Posted: Apr 7, 2011 12:42:14 AM

Never good.
Crumbfel
Champion Author Virginia

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Message Posted: Apr 7, 2011 12:42:03 AM

SO MUCH FOR SUPPLY AND DEMAND
DJRIO
Champion Author Miami

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Message Posted: Apr 7, 2011 12:41:57 AM

next week would be important
tutaw
Champion Author Kentucky

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Message Posted: Apr 7, 2011 12:39:02 AM

Unbelieveable
nickrapak
All-Star Author Pennsylvania

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Message Posted: Apr 7, 2011 12:36:45 AM

Higher crude inventories, higher crude production, higher crude prices. WTF?
LanguageMan1
Champion Author Tampa

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Message Posted: Apr 7, 2011 12:36:41 AM

Nothing surprising and no real change here. Supplies up and prices up as has been happening. Demand is lower than two years ago. We're just getting screwed. Doesn't hurt the wealthiest of the people as they only get richer through their buddies in Congress among the democrats and republicans there.
1cheapgasin
Champion Author Indianapolis

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Message Posted: Apr 7, 2011 12:35:44 AM

So.
TBONE3
Champion Author Pennsylvania

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Message Posted: Apr 7, 2011 12:34:45 AM

Big deal!
unicornpmb
Champion Author Buffalo

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Message Posted: Apr 7, 2011 12:25:08 AM

Spare me.
Blue48
Champion Author Illinois

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Message Posted: Apr 7, 2011 12:22:35 AM

"HIGHLIGHTS!"
MidNJ
Champion Author New Jersey

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Message Posted: Apr 7, 2011 12:22:17 AM

Interesting info that would be good to see in graph form over the last month, year and decade.
heartbroken2010
Champion Author Ottawa

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Message Posted: Apr 7, 2011 12:18:45 AM

i wonder if the DOE can ever release some great news for us all .
Zonk
Champion Author Michigan

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Message Posted: Apr 7, 2011 12:18:41 AM

Who needs the DOE?
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