Weekly Petroleum Data -- Only 38 Weeks Until US Crude Oil Stocks Reach Historical Levels -- May 24, 2017

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Title : Weekly Petroleum Data -- Only 38 Weeks Until US Crude Oil Stocks Reach Historical Levels -- May 24, 2017
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Weekly Petroleum Data -- Only 38 Weeks Until US Crude Oil Stocks Reach Historical Levels -- May 24, 2017

Weekly oil data starting to be posted. From John Kemp, via Twitter:
  • US refinery throughput accelerated -- another seasonal record, and (almost) literally off the chart
  • US refinery crude processing was up 1 million b/d higher than 2016 and up 2.1 million b/d higher than the 10-year seasonal average
  • gasoline stocks at record seasonal highs despite falling 0.8 million bbls to 240 million bbls last week
  • gasoline stocks remain very high (as in, "off the chart")
  • US commercial crude oil stocks are tightening and now just up 10 million bbls (up 2%) higher than 2016, though up an astounding 162 million bbls (up 46%) over the 10-year average (or as we say, "off the chart")
  • US commercial crude stocks have risen 37 million bbls since the start of the year, compared with an increase of 55 million bbls in 2016 and a 10-year average of a 44-million-bbl increase
  • US commercial crude oil stocks fell 4.4 million bbls to 516 million bbls in most recent reporting period -- if this rate of decline were to continue, US supply of crude oil would be back to its "historical average" (350 million bbls) in only 38 weeks
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Books On Broadway

I assume Mr Chuck Wilder has this book for sale in his bookshop: Black Elk: The Life of An American Visionary, Joe Jackson, c. 2016.

Perhaps more on this later. For anyone interested in the history of the northern Great Plains native American, this is a great book. It would make a great "Father's Day" gift.

The little I've read of it leads me to think (again) that the loss of "the fighting Sioux" as a rallying cry for any university in North Dakota was a great loss. What were they thinking?


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