[DManA]

Consumption is way down and now we find out the supply is also shrinking. How did the danged speculators accomplish that?

[WakeUpAndVote]

Aren't refineries switching to produce heating oil now?

[mysterio]

As long as oil is the only player in the fuel game, the sky’s the limit.

[Road Warrior ‘04]

Oil prices rebounded from their lows

Like that's a good thing? CNN quite happy to report oil going up...again!

[backhoe]

[tatsinfla]

makes sense right? consumers not using as much so the refineries don’t produce as much. afterall gasoline does have a shelf life right? so actually no matter if we conserve or not they will get us since its all excuses anyways....

[houeto]

"That gasoline data was a positive surprise....that is taking crude up," wrote Tom Orr, head of research at Weeden & Co. in an e-mail.

Huh?

[jveritas]

I think that the government should not publish any accurate forecast about the oil and gas supply. In fact they should use the same tactics as the crazy oil speculators are using and just speculate. Of course they need to speculate in a positive way i.e. say that supply is abundant.

[DGHoodini]

This is a corrupt and artificial “drop” in inventory, as they recently took a major refinery offline for “maitenance”. This is not about more oil being consumed. This is about less supply being processed.

[mountainlion]

We are setting on the worlds largest untapped oil supply. If the demorats had any idea that they could be dipping into the profits of several trillion barrels of oil and no one would really notice. The demorats have blinders on supplied by the rich “elite” hollywood radicals. Several states have a severance tax that pays the state enough so the people don’t have to pay state taxes.

[TheBattman]

A report from the Energy Department showed a 3.5 million barrel decrease in gasoline supplies, and a decline of 100,000 barrels of crude oil.

Ummm... a created decrease in supply. Consumers have cut back - and so have the refineries. Shipping 1.6million barrels of gasoline out of the US probably doesn't help either.

[DaveArk]

Carbon Dioxide is not a pollutant.

[Smittie]

It was only a couple of weeks that there was a surprising increase in the stockpiles of oil & gas. Of course I knew it wouldn't be long before they announced a sudden - surprise- drop in supply, I was just surprised it took that long.

And I bet it doesn't take them as long to increase the price as it does to reduce it.

I'm tired of this game.

[Sertorius]

What happens if China is successful at getting 90% of their cars parked for the Olympics? That should affect demand shouldn’t it?