Just a quick update on the highlights of the weekly EIA report: U.S. crude oil refinery inputs averaged over 15.8 million barrels per day during the week ending July 20, up 172,000 barrels per day […]
Tag: EIA
This Week in Petroleum 7-18-2007
It’s been a while since I updated one of these, but this seems like a good time for an inventory review. Crude inventories are very high, distillate inventories are about normal, and gasoline inventories were […]
Energy Policy Insanity
Just enough quiet time this morning (still suffering jet lag and waking up at 4 a.m.) to knock out an essay. I told my daughter last night that I plan to keep writing, but I […]
This Week in Petroleum 6-13-07
Update: Very brief update. First, I just came back from the hospital, where they extracted a small boulder from my kidney. With that, I put this horrible episode behind me. On the inventory report, I […]
This Week in Petroleum 6-6-07
Update: The numbers are out. Gasoline made a strong gain this week, as imports remained high. Demand remains well above last year’s numbers. Given that imports were down slightly over the previous week (but still […]
Gasoline Prices – Part I: Immediate Causes
Note: This essay was published at Financial Sense on May 31, 2007. Introduction As of this writing in late May 2007, gasoline prices have increased by over $0.70 per gallon since March. This is great […]
This Week in Petroleum 5-30-07
2nd Update: The data have been released: Summary of Weekly Petroleum Data for the Week Ending May 25, 2007 As I have been predicting, this was an all-time record low gasoline inventory for Memorial Day […]
This Week in Petroleum 5-23-07
Some Reactions to Gasoline Inventories From Bloomberg: Crude Oil Is Steady as U.S. Gasoline Supplies, Demand Increase “Inventories are growing but we are still in big trouble with gasoline supplies,” said Phil Flynn, vice president […]
This Week in Petroleum 5-16-07
2nd Update This Week in Petroleum was just released, and the focus was the gasoline situation. Some excerpts: Why are gasoline prices so high? Gasoline inventories have recently been drawn down at a dramatic rate […]
This Week in Petroleum 5-9-07
Tale of the Stone Yes, I know I am late getting this out. Some of you may have read about my visit to the hospital about a month ago. Long story short, I have a […]