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PD Moderator	Message Posted: Feb 9, 2011 11:31:00 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 increased by 1.9 million barrels to a total of 345.1 million barrels. At 345.1 million barrels, inventories are 13.6 million barrels above last year (4.1%) and are much above average. Supply at NYMEX delivery point, Cushing, Oklahoma fell 0.9 million barrels to 37.4 million barrels this week. Gasoline inventories increased 4.7 million barrels to 240.9 million barrels. At 240.9 million barrels, inventories are now 10.4 million barrels, or 4.5% higher than last year (last week that number was 3.6% higher). The only decreases in gasoline inventories... Visit GasBuddy Blog for full article

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Message Posted: Feb 9, 2011 11:31:00 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 increased by 1.9 million barrels to a total of 345.1 million barrels. At 345.1 million barrels, inventories are 13.6 million barrels above last year (4.1%) and are much above average. Supply at NYMEX delivery point, Cushing, Oklahoma fell 0.9 million barrels to 37.4 million barrels this week.

Gasoline inventories increased 4.7 million barrels to 240.9 million barrels. At 240.9 million barrels, inventories are now 10.4 million barrels, or 4.5% higher than last year (last week that number was 3.6% higher). The only decreases in gasoline inventories...

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lawsuitdelivery Rookie Author Detroit Posts:18 Points:300 Joined:Mar 2011	Message Posted: Mar 4, 2011 2:08:08 AM Ignore lawsuitdelivery Report Abuse 3.0 to 4.5 BILLION BARRELS of Technically Recoverable Oil Assessed in North Dakota and Montana's Bakken Formation contact U.S. Department of the Interior, U.S. Geological Survey
N5EXY Champion Author Austin Posts:5,633 Points:1,537,310 Joined:Jul 2004	Message Posted: Feb 10, 2011 8:35:23 AM Ignore N5EXY Report Abuse Waste of time? YeahBut I get 45 points - like a free picnic lunch. [Edited by: N5EXY at 2/10/2011 8:36:01 AM EST]
Martinman Champion Author Mississippi Posts:14,874 Points:2,120,555 Joined:Sep 2005	Message Posted: Feb 10, 2011 8:32:50 AM Ignore Martinman Report Abuse honda0105 from tallhassee posted... "comprof: but you still read and post, right?" . No. Her/his sole purpose here is as one of the politically-motivated TROLLS that bless this forum.
Martinman Champion Author Mississippi Posts:14,874 Points:2,120,555 Joined:Sep 2005	Message Posted: Feb 10, 2011 8:30:36 AM Ignore Martinman Report Abuse What PD fails to pick-up on, is the TRUE change in crude oil inventories. Realize, that it takes one 42-gallon barrel of crude oil to yield ~19.5 gallons of gasoline, or 42 barrels of crude to yield ~19.5 barrels of gasoline. And a 4.7 million barrel build in gasoline inventories, REQUIRED 10.12 million barrels of crude oil. Thus, the TRUE total increase in crude oil was 12 million barrels before refining.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Feb 10, 2011 6:04:31 AM Ignore honda0105 Report Abuse comprof: but you still read and post, right?
comprof Champion Author Houston Posts:7,009 Points:1,384,450 Joined:Jul 2009	Message Posted: Feb 10, 2011 3:19:13 AM Ignore comprof Report Abuse maintroll: I agree. These DOE reports are a waste of reading time.
NavyStore Champion Author Seattle Posts:3,874 Points:2,100,260 Joined:Aug 2005	Message Posted: Feb 10, 2011 12:30:35 AM Ignore NavyStore Report Abuse Yeah... after all, those futures traders have to spend a fortune on alimony for their first 3 wives.
rxman1 Champion Author Toledo Posts:9,690 Points:1,889,495 Joined:Nov 2007	Message Posted: Feb 10, 2011 12:30:01 AM Ignore rxman1 Report Abuse Keep demand down. A reflection of fewer people with job?
Maintroll Champion Author Lexington Posts:8,774 Points:1,730,835 Joined:Aug 2008	Message Posted: Feb 10, 2011 12:27:56 AM Ignore Maintroll Report Abuse Another week and yet another total waste of space for this sorry report.
ysmc Champion Author Providence Posts:10,698 Points:2,046,020 Joined:Apr 2007	Message Posted: Feb 10, 2011 12:26:21 AM Ignore ysmc Report Abuse Focus2: "Isn't business opportunities great without regulations and subsidized with our tax dollars? Try and get these subsidies removed from big oil and the GOP will reject it every time" Have you forgotton the fact that during the last 2 years the Democratic party controlled both the House of Representatives and the Senate by large majorities, and the Executive Branch, yet they too did nothing to change the subsidies you refer to. It is clear that both parties are to blame for our present situation. Inventories are at a 26 year high, yet prices, despite conservation and lack of demand remain at levels only explaioned by GREED.
ssect8 Champion Author Hartford Posts:8,131 Points:2,119,005 Joined:Jun 2006	Message Posted: Feb 10, 2011 12:22:01 AM Ignore ssect8 Report Abuse Why would we believe what the Energy department says?
bigreddwg Champion Author Tampa Posts:5,002 Points:1,050,605 Joined:Nov 2005	Message Posted: Feb 10, 2011 12:21:18 AM Ignore bigreddwg Report Abuse IF WE HAVE SO MUCH INVENTORY AND DEMAND IS DOWN, THEN LOWER THE FRIGGIN' PRICES AT THE PUMP - YOU GREEDY S.O.B's!!!
saveongasNC Champion Author North Carolina Posts:4,407 Points:1,094,015 Joined:Aug 2008	Message Posted: Feb 10, 2011 12:19:14 AM Ignore saveongasNC Report Abuse Buy less pay less!!!
BBHybrid Champion Author Pittsburgh Posts:6,479 Points:1,297,075 Joined:Aug 2008	Message Posted: Feb 10, 2011 12:18:39 AM Ignore BBHybrid Report Abuse drill here, down with OPEC and down with speculation
joel27nc Champion Author Raleigh Posts:10,677 Points:1,886,070 Joined:Mar 2008	Message Posted: Feb 10, 2011 12:18:18 AM Ignore joel27nc Report Abuse So if inventories are high, prices should fall, right? Why are they rising??
jkpsr Champion Author New Jersey Posts:4,207 Points:1,127,915 Joined:Jun 2005	Message Posted: Feb 10, 2011 12:11:12 AM Ignore jkpsr Report Abuse Some weakness is starting to show.
LanguageMan1 Champion Author Tampa Posts:11,861 Points:1,688,515 Joined:Apr 2008	Message Posted: Feb 10, 2011 12:09:01 AM Ignore LanguageMan1 Report Abuse More of the same, inventory up and prices.
RockCity Champion Author Denver Posts:8,055 Points:1,454,810 Joined:Mar 2009	Message Posted: Feb 10, 2011 12:08:22 AM Ignore RockCity Report Abuse Nobodys buying gas, I think we should give the corporations bigger tax breaks, so they can continue living in the life style they have come accustomed to, perhaps.
Focus2 Champion Author Illinois Posts:7,910 Points:1,928,350 Joined:Mar 2006	Message Posted: Feb 10, 2011 12:07:56 AM Ignore Focus2 Report Abuse Isn't business opportunities great without regulations and subsidized with our tax dollars? Try and get these subsidies removed from big oil and the GOP will reject it every time.
bababooey2 Champion Author Hartford Posts:6,487 Points:1,330,315 Joined:Sep 2009	Message Posted: Feb 10, 2011 12:07:40 AM Ignore bababooey2 Report Abuse I do not see where we can get rape kits from as we are really screwed with out our consent.
DosEquis26 Champion Author Chicago Posts:5,978 Points:1,950,735 Joined:Jun 2006	Message Posted: Feb 10, 2011 12:04:46 AM Ignore DosEquis26 Report Abuse DOE- a deer , a female deer...
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Feb 10, 2011 12:03:19 AM Ignore tedjm1 Report Abuse Normal....goes up & down.
Quick68 Champion Author Columbus Posts:8,448 Points:1,253,500 Joined:Dec 2009	Message Posted: Feb 10, 2011 12:02:23 AM Ignore Quick68 Report Abuse inventories are 13.6 million barrels above last year and the price of gas is 30% higher than last year. Just who is doing the math here?
TWS658 Champion Author Portland Posts:4,543 Points:950,875 Joined:Sep 2005	Message Posted: Feb 10, 2011 12:01:03 AM Ignore TWS658 Report Abuse Ok
us4usa Champion Author Missouri Posts:6,120 Points:1,137,585 Joined:May 2008	Message Posted: Feb 9, 2011 11:48:10 PM Ignore us4usa Report Abuse So what gives??? Inventories up and pump prices 50 cents higher then last year...
Pozole Champion Author Portland Posts:9,765 Points:1,622,220 Joined:Mar 2005	Message Posted: Feb 9, 2011 11:42:31 PM Ignore Pozole Report Abuse ...someone's being greedy...GET THEM ! !...
JoeKR Champion Author New Jersey Posts:9,604 Points:1,761,590 Joined:Feb 2006	Message Posted: Feb 9, 2011 11:39:11 PM Ignore JoeKR Report Abuse And what are we paying at the pumps compared to a year ago?
Body53 Champion Author Missouri Posts:1,380 Points:305,030 Joined:May 2010	Message Posted: Feb 9, 2011 11:36:10 PM Ignore Body53 Report Abuse bad
amor78 Veteran Author Richmond Posts:410 Points:229,550 Joined:Jul 2006	Message Posted: Feb 9, 2011 11:33:52 PM Ignore amor78 Report Abuse really
abcdMA Champion Author Worcester Posts:8,052 Points:1,600,730 Joined:Nov 2008	Message Posted: Feb 9, 2011 11:31:22 PM Ignore abcdMA Report Abuse both oil and gas inventoreies are up---speculators are keeping the prices up too!
benjy Champion Author Chicago Posts:8,706 Points:1,815,070 Joined:Nov 2003	Message Posted: Feb 9, 2011 11:21:23 PM Ignore benjy Report Abuse bend over and take it like a man?
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Feb 9, 2011 11:18:11 PM Ignore mstearno Report Abuse nothing but a skinkin joke
Quick68 Champion Author Columbus Posts:8,448 Points:1,253,500 Joined:Dec 2009	Message Posted: Feb 9, 2011 11:14:53 PM Ignore Quick68 Report Abuse inventories are 13.6 million barrels above last year and the price of gas is 30% higher than last year. Just who is doing the math here?
gasokie Champion Author Oklahoma Posts:3,487 Points:1,346,755 Joined:May 2007	Message Posted: Feb 9, 2011 11:10:53 PM Ignore gasokie Report Abuse As long as demand remains high, the prices will probably stay up, or at least not crash. If demand were to fall off too, it would be 1980 all over again.
methaneman Champion Author Minnesota Posts:2,648 Points:1,296,810 Joined:May 2002	Message Posted: Feb 9, 2011 11:09:03 PM Ignore methaneman Report Abuse Cease ethanol productin and help us save fuel and natural resources.
Somis1 Champion Author Ventura Posts:13,830 Points:2,641,725 Joined:Jul 2005	Message Posted: Feb 9, 2011 11:07:42 PM Ignore Somis1 Report Abuse This late at night that's a BUNCH of big numbers........
mwo Champion Author Twin Cities Posts:1,653 Points:1,349,035 Joined:Aug 2004	Message Posted: Feb 9, 2011 11:05:09 PM Ignore mwo Report Abuse Keep conserving and make the bums swim in their excess
danreino Champion Author Twin Cities Posts:8,474 Points:1,564,510 Joined:Mar 2008	Message Posted: Feb 9, 2011 10:58:16 PM Ignore danreino Report Abuse Cushing Oklahoma was hit by a 1/2 mile wide tor// No...a meteorite..
judgemobile Champion Author Ohio Posts:7,705 Points:2,472,635 Joined:Nov 2005	Message Posted: Feb 9, 2011 10:57:14 PM Ignore judgemobile Report Abuse when supplies go DOWN, prices go up=-this I understand, but when supplies go UP, prices go up this I do NOT understand supply and demand ? This I understand greed and speculation ? This I (am beginning to) understand.
WIPACKERFAN Champion Author Chicago Posts:8,944 Points:1,871,150 Joined:Aug 2005	Message Posted: Feb 9, 2011 10:56:58 PM Ignore WIPACKERFAN Report Abuse blah, blah, blah
altima2008 Champion Author Philadelphia Posts:8,300 Points:1,764,715 Joined:Apr 2008	Message Posted: Feb 9, 2011 10:54:09 PM Ignore altima2008 Report Abuse zzzzzzz zzzzzzzz wake me up when gas prices go down, way down.
darkknight1 Champion Author Winston-Salem Posts:4,475 Points:923,535 Joined:Nov 2010	Message Posted: Feb 9, 2011 10:53:10 PM Ignore darkknight1 Report Abuse Then with more inventories why in the world is the gas not going down?!
firechief Champion Author New York Posts:3,521 Points:2,091,150 Joined:Mar 2004	Message Posted: Feb 9, 2011 10:53:03 PM Ignore firechief Report Abuse yawn
fuelconscious Champion Author Los Angeles Posts:2,127 Points:548,020 Joined:Jan 2008	Message Posted: Feb 9, 2011 10:52:18 PM Ignore fuelconscious Report Abuse It doesn't do us any good if gasoline prices don't go down.
vibdata Champion Author Massachusetts Posts:4,181 Points:866,235 Joined:Nov 2005	Message Posted: Feb 9, 2011 10:49:33 PM Ignore vibdata Report Abuse Dear Mr. Obama, Why can't you get people to put the prices back the way they were when gas only cost $1.49 a gallon? Thank you, Little Bobbie from the 3rd grade......etc.
Doc7696 All-Star Author Montana Posts:804 Points:268,885 Joined:Oct 2009	Message Posted: Feb 9, 2011 10:48:26 PM Ignore Doc7696 Report Abuse Not surprised!!
ivica Sophomore Author Oklahoma Posts:126 Points:53,050 Joined:Jan 2011	Message Posted: Feb 9, 2011 10:40:07 PM Ignore ivica Report Abuse sad news
Prodaddy Champion Author Houston Posts:8,516 Points:1,921,910 Joined:May 2007	Message Posted: Feb 9, 2011 10:38:11 PM Ignore Prodaddy Report Abuse The way i see it, the less we buy the more we should have, the lower the price should go
goldrose1 Champion Author Cleveland Posts:11,071 Points:1,949,605 Joined:Feb 2005	Message Posted: Feb 9, 2011 10:35:17 PM Ignore goldrose1 Report Abuse Keep conserving and you'll contribute less to profiteers.
zeddieiv Champion Author Columbia Posts:5,740 Points:1,504,905 Joined:Oct 2006	Message Posted: Feb 9, 2011 10:33:52 PM Ignore zeddieiv Report Abuse nothing new here