I Don't Get It
This is what frustrates me about all the CRAP that it seems we keep getting fed about oil and gas prices.
From an article on Foxnews.com less than a month ago:
U.S. oil inventories are at their highest in about seven years, due in part to a tide of imports in recent months, giving the world's biggest energy consumer a thick buffer against supply disruptions.
Today:
In its weekly report, the U.S. Energy Department said the nation's supply of gasoline shrank by 5.4 million barrels last week to 202.5 million barrels, or 4.6 percent below year ago levels. Gasoline inventories typically decrease this time of year as refiners shut down their plants to perform maintenance ahead of the summer driving season. And oil traders typically point to the decreases as reason for concern about summertime supplies, a routine that, more often than not, sends futures prices higher.
So let me see if I understand this--a month ago, our inventories were at the highest they've been since 1999. But now, you're suddenly 'scared' because our inventories dropped 4.6 % over last year. Oh, and refiners are doing a PLANNED SHUTDOWN, so they can better handle the busy summer driving season, and yet you still wanna point to this as a hazard so that you can bend me over and manhandle me every time I pull up at the gas pump.
Sheesh. There has to be a better way, and I'm not the tree-hugging, "I need a car that runs on D-cell batteries" type. These traders need the butt kicked. Why don't we start worrying about supply disruptions WHEN THERE ARE SOME!!!!!!!! That'd be like insurance companies increasing insurance premiums because they know that April is a rainy month and they think their drivers might have more wrecks.
From an article on Foxnews.com less than a month ago:
U.S. oil inventories are at their highest in about seven years, due in part to a tide of imports in recent months, giving the world's biggest energy consumer a thick buffer against supply disruptions.
Today:
In its weekly report, the U.S. Energy Department said the nation's supply of gasoline shrank by 5.4 million barrels last week to 202.5 million barrels, or 4.6 percent below year ago levels. Gasoline inventories typically decrease this time of year as refiners shut down their plants to perform maintenance ahead of the summer driving season. And oil traders typically point to the decreases as reason for concern about summertime supplies, a routine that, more often than not, sends futures prices higher.
So let me see if I understand this--a month ago, our inventories were at the highest they've been since 1999. But now, you're suddenly 'scared' because our inventories dropped 4.6 % over last year. Oh, and refiners are doing a PLANNED SHUTDOWN, so they can better handle the busy summer driving season, and yet you still wanna point to this as a hazard so that you can bend me over and manhandle me every time I pull up at the gas pump.
Sheesh. There has to be a better way, and I'm not the tree-hugging, "I need a car that runs on D-cell batteries" type. These traders need the butt kicked. Why don't we start worrying about supply disruptions WHEN THERE ARE SOME!!!!!!!! That'd be like insurance companies increasing insurance premiums because they know that April is a rainy month and they think their drivers might have more wrecks.
1 Comments:
I agree with you completely - they keep feeding us the crap because we keep eating it and because we can't complain with our mouths full, they think we like it...nice post. Enjoyed it.
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