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As U.S. oil tanks swell at record rate, traders ask: for how long?
Reuters ^
| Feb 13, 2015
| CATHERINE NGAI
Posted on 02/13/2015 4:50:48 AM PST by thackney
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1
posted on
02/13/2015 4:50:48 AM PST
by
thackney
To: thackney
2
posted on
02/13/2015 4:52:03 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Sounds like a false dawn for Brent crude.
3
posted on
02/13/2015 4:52:07 AM PST
by
Zhang Fei
(Let us pray that peace be now restored to the world and that God will preserve it always.)
To: thackney
The last time I read, the US didn’t have nearly enough storage space for strategic reserves. Has anyone built any?
4
posted on
02/13/2015 4:52:31 AM PST
by
yldstrk
To: Zhang Fei
Bigger impact to WTI trading than Brent...
5
posted on
02/13/2015 4:52:52 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Near me local pump prices are up over 30 cents a gallon in the last 2 weeks.
That’s well over a 15% jump.
To: yldstrk
US didn’t have nearly enough storage space for strategic reserves. Has anyone built any? The US Strategic Petroleum Reserves is separate from commercial/private storage.
The US SPR is 95% full.
7
posted on
02/13/2015 4:55:09 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Cushing inventories fell below 18 million barrels = A ten day supply.
8
posted on
02/13/2015 4:57:28 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: yldstrk
In 2008 Pelosi was telling Bush to release oil reserves to lower fuel prices.
Boehner at that time said that the Dems were admitting that saturating oil into
the market would lower pricing. He was right but the RATs were caught in a
conundrum by their supporters and they were pissed for RATs admitting that.
I remember before that there was a story about storing oil off shore in tankers.
I never followed up on it but I do watch the market sometimes.
9
posted on
02/13/2015 5:00:01 AM PST
by
MaxMax
(Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
To: thackney
and it the price doesn't go up as much as they expect, how much $$$$$ will they lose in storage costs???
10
posted on
02/13/2015 5:00:49 AM PST
by
Chode
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY - 86-44)
To: central_va
Total US commercial stocks:
11
posted on
02/13/2015 5:01:29 AM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Bigger impact to WTI trading than Brent...Why the vast differential? Wouldn't competition between domestic users for WTI narrow the gap significantly?
12
posted on
02/13/2015 5:01:56 AM PST
by
Zhang Fei
(Let us pray that peace be now restored to the world and that God will preserve it always.)
To: central_va
Is that 10-day supply for National purposes or our Defense use?
13
posted on
02/13/2015 5:02:33 AM PST
by
MaxMax
(Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
To: Chode
The key for those is not to get greedy holding out for more, but to sell the future today and lock in that price.
14
posted on
02/13/2015 5:05:40 AM PST
by
thackney
(life is fragile, handle with prayer)
To: Zhang Fei
Pipeline bottleneck getting oil out of Cushing. That capacity is maxed out now at current use.
15
posted on
02/13/2015 5:06:36 AM PST
by
thackney
(life is fragile, handle with prayer)
To: MaxMax
In 2013, the United States consumed a total of 6.89 billion barrels of petroleum products, an average of 18.89 million barrels per day. This total includes about 0.32 billion barrels of biofuels.Actually it is a one day supply!
16
posted on
02/13/2015 5:06:48 AM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: Iron Munro
same here in north east FL. They take time to go down but sure as hell they jump up quick on the prices.
17
posted on
02/13/2015 5:07:56 AM PST
by
manc
(Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
To: central_va
18
posted on
02/13/2015 5:11:03 AM PST
by
thackney
(life is fragile, handle with prayer)
To: yldstrk
“....... the US didn’t have nearly enough storage space for strategic reserves. Has anyone built any?”..
The “storage” is underground in the wells, exactly where odumbo wants it to remain.
19
posted on
02/13/2015 5:18:32 AM PST
by
DaveA37
To: yldstrk
“....... the US didn’t have nearly enough storage space for strategic reserves. Has anyone built any?”..
The “storage” is underground in the wells, exactly where odumbo wants it to remain.
20
posted on
02/13/2015 5:18:43 AM PST
by
DaveA37
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