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Author Topic: EIA reports resume, missed report shows increase in crude supply, drop in gasoline supply Back to Topics
PD

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Message Posted: Oct 21, 2013 10:38:19 AM

The Energy Information Administration restarting their releases today, starting with the report it missed for last Wednesday. Another report for last week will be issued as normal on Wednesday.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 4.0 million barrels to a total of 374.5 million barrels. At 374.5 million barrels, inventories are 5.3 million barrels above last year (1.4%) and are above the upper part of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 2.6 million barrels to 217.3 million barrels. At 217.3 million barrels, inventories are up 20.2 million barrels, or 10.2% higher than one year ago. Here's how individual...

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Hemond
Champion Author Providence

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Message Posted: Oct 26, 2013 12:31:13 AM

QUOTE..... oil prices going from around $100.00 to around $100.00 is nothing but a sad joke to me,my hope for America's future "plunged" when oil went past $50.00----and thats my proffessional opinion.::::


Err, the price of WTI plummeted from ~$103 to ~$96 before upticking over the last 2 days. Saying it went from $100 to $100 doesn't have any bearing on reality.

It may be a sad joke to you but traders are buying contracts heavily today. That is why the uptick is happening. It may very well climb back up to $104 at which point todays buyers will cash out.
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dongo50
Champion Author West Virginia

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Message Posted: Oct 26, 2013 12:10:02 AM

missed it
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OKRifle
Champion Author Oklahoma City

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Message Posted: Oct 24, 2013 12:49:55 AM

Fire'em all!
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fedupp
Champion Author Cleveland

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Message Posted: Oct 23, 2013 7:01:50 AM

I dont care what anybody says oil prices going from around $100.00 to around $100.00 is nothing but a sad joke to me,my hope for America's future "plunged" when oil went past $50.00----and thats my proffessional opinion.
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Cebo
Champion Author Maryland

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Message Posted: Oct 23, 2013 2:22:23 AM

Okay
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Hemond
Champion Author Providence

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Message Posted: Oct 22, 2013 3:09:27 PM

:::::--plunged? to $99.22????? how about to $30.22? that would be "plunged"::::



In the parlance of the commodity exchanges, last night's drop was indeed a plunge. Look at the commodity graphs for WTI.

The plunge in oil is dramatic. 'Plunge' is the word used by the professionals.

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randyragon
Veteran Author Gary

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Message Posted: Oct 22, 2013 3:07:49 PM

Total oil stocks in the United States are up by 33.0 million barrels (3.0%) over last year and stand at 1.13 billion barrels (excluding the Strategic Petroleum Reserve).
Last year this date the price was $88.30, 9.8% less than today for a supply that is 3% higher.
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tclbbs
Champion Author Columbus

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Message Posted: Oct 22, 2013 12:53:18 PM

@WonderfulMI - You sir are a jack-n-ninny! It was NOT the GOP that caused the shut-down, it was Mr. Stompy Feet President who REFUSED to make any kind of compromise.
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fedupp
Champion Author Cleveland

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Message Posted: Oct 22, 2013 10:15:39 AM

--plunged? to $99.22????? how about to $30.22? that would be "plunged"
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Hemond
Champion Author Providence

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Message Posted: Oct 22, 2013 9:44:56 AM

Crude plunged overnight on electronic trading. The middle east is in a mess with oil prices....
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prcoqui
Champion Author Maryland

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Message Posted: Oct 22, 2013 9:20:00 AM

And the speculation begins.
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fedupp
Champion Author Cleveland

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Message Posted: Oct 22, 2013 6:48:28 AM

I just can't for the life of me figure out how anyone who has lived in this country their whole life thinks we have cheap oil or even affordable oil?!?! where does that come from? Where do you think these big easy to develop oil reserves are? Even the north slope that was VERY expensive to begin with is becoming depleted---we have oil you have to crack rocks to get-does that sound cheap to you? We have oil in the deep ocean-does that sound cheap? Tundra oil,60 degrees below zero cheap? I dont think so not even a little bit.The oil companies that develop oil in the US and Canada are happy with the price of crude oil because it allows them to make a profit-any lower in price and they would not be interested in developing these leftovers because it would not be worth it----and these high prices took a decade of work to get-war,lies,propaganda so good that people think we have oil like Iraq or Saudi or Venezuela---and we dont even come close-oh we have oil dont get me wrong-just no cheap or affordable oil like many many other countries have---the closest thing are the tar sands,low quality oil that the koch brothers will just find a sea port for ,think about it if they refined it for Canadian citizens it would lower the price of fuel-so they are exporting it-same as the koch's will.
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WonderfulMI
Champion Author Michigan

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Message Posted: Oct 22, 2013 6:24:29 AM

Not bad, after a paid two-week vacation, thanks to the Republicans.
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bobzilla11
Champion Author Indiana

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Message Posted: Oct 22, 2013 6:15:29 AM

$2 gas
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pitamon
Champion Author Philadelphia

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Message Posted: Oct 22, 2013 6:10:30 AM

Speculators love they are back to work.
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jflabbe96
Champion Author Pennsylvania

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Message Posted: Oct 22, 2013 6:04:39 AM

This article shows how they spin the data to justify a price increase. Despite supply and inventory being up, we get all kinds of reasons why price may increase. This system is broken beyond repair.
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tigerhater
Champion Author Toronto

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Message Posted: Oct 22, 2013 6:01:32 AM

prices should be way down with inventory that much higher
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jmg144
Champion Author Maryland

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Message Posted: Oct 22, 2013 6:01:00 AM

Why prices starting to move up.?
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devildog66
Champion Author Pennsylvania

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Message Posted: Oct 22, 2013 6:00:53 AM

Let us defund this organization.
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jppezz
Champion Author New Mexico

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Message Posted: Oct 22, 2013 5:58:33 AM

Oil companies are looking to raise the prices.
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vamike
Champion Author Virginia

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Message Posted: Oct 22, 2013 5:58:11 AM

This article must be exciting to those that complain about every off-topic article. Yawn.
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Petrock
Champion Author Lexington

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Message Posted: Oct 22, 2013 5:57:30 AM

Supply is up, inventories are up, must be time for the price to go up!
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Ferdman17
Champion Author Albany

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Message Posted: Oct 22, 2013 5:57:20 AM

Very favorable but we will have to see...
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Jeffro61
Champion Author Cleveland

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Message Posted: Oct 22, 2013 5:56:42 AM

Waste of money!
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soupmanSC
Champion Author South Carolina

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Message Posted: Oct 22, 2013 5:56:01 AM

here goes the prices again...
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DerTaubman
Champion Author Detroit

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Message Posted: Oct 22, 2013 5:55:05 AM

So we just got the excuse for next price increase?
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friday21
Champion Author Toronto

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Message Posted: Oct 22, 2013 5:54:34 AM

Whatever
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LeeFree
Champion Author Pittsburgh

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Message Posted: Oct 22, 2013 5:54:20 AM

Back to same old blah, blah, blah.
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BugMe99
Champion Author Lexington

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Message Posted: Oct 22, 2013 5:54:03 AM

Ok
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Dedemc
Champion Author Baltimore

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Message Posted: Oct 22, 2013 5:53:58 AM

ok
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hockey_24
Champion Author KW

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Message Posted: Oct 22, 2013 5:53:41 AM

wow
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fillerupyeoww
Champion Author Columbus

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Message Posted: Oct 22, 2013 5:52:01 AM

So this just proves we really don't need the EIA. How many billions is the EIA costing us?
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raccoon2011
Champion Author Massachusetts

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Message Posted: Oct 22, 2013 5:50:40 AM

most of the report sounds good
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kobes1
Champion Author Florida

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Message Posted: Oct 22, 2013 5:50:30 AM

What crap
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 22, 2013 5:50:18 AM

LOL Clermont, I have to agree... those reports are a bore, esp. since they are of no use to anyone.
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serrog
Champion Author Nova Scotia

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Message Posted: Oct 22, 2013 5:50:02 AM

Amazing
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mohammed10
Champion Author Gainesville

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Message Posted: Oct 22, 2013 5:48:41 AM

Old news
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alice4250
All-Star Author Rockford

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Message Posted: Oct 22, 2013 5:47:40 AM

They don't need a reason to push up the price of gas,
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jacob5066
Champion Author College Station

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Message Posted: Oct 22, 2013 5:47:09 AM

Nothing new, just another cycle
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ARMADA157
Champion Author Detroit

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Message Posted: Oct 22, 2013 5:46:49 AM

Now were talking.
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bassakwards007
Champion Author Orange County

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Message Posted: Oct 22, 2013 5:45:01 AM

A trend..
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Quick68
Champion Author Columbus

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Message Posted: Oct 22, 2013 5:44:59 AM

It's all set up to keep the price of gas high. Election time is here and the lawmakers need the money from big oil. As long as we have lawmakers in Washington we will always have corruption & greed.
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gravie314
Champion Author South Carolina

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Message Posted: Oct 22, 2013 5:43:57 AM

ok
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ReadyWriter
Champion Author Columbus

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Message Posted: Oct 22, 2013 5:40:20 AM

Do you notice the pattern we've seen here? This is how they keep the gas price propped up like they do. Can you imagine if EVERY commodity price went up and down like gasoline does?!? OOPS, sorry, I might be planting ideas in someone's mind.....
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gabisgram
Champion Author Michigan

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Message Posted: Oct 22, 2013 5:38:56 AM

Just trying to push up the price.
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metrojeep
Champion Author Fort Worth

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Message Posted: Oct 22, 2013 5:35:37 AM

Really, read an article yesterday that said gas supply was UP.....
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shivarr
Champion Author New Jersey

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Message Posted: Oct 22, 2013 5:35:27 AM

ok
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Jamer
Champion Author Las Vegas

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Message Posted: Oct 22, 2013 5:34:11 AM

Old article.
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bad_sailor
Champion Author London

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Message Posted: Oct 22, 2013 5:30:51 AM

Quick, raise the price again!
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toolman3md
Champion Author Maryland

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Message Posted: Oct 22, 2013 5:30:36 AM

Up they go as if there needed to be a reason.
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