Title : Why I Love To Blog -- Reason #23 -- May 22, 2017
link : Why I Love To Blog -- Reason #23 -- May 22, 2017
Why I Love To Blog -- Reason #23 -- May 22, 2017
Weeks ago, if not months ago, this was the first ad-free, no-subscription/password-required blog on the Bakken that saw through the smoke and mirrors of OPEC's production cuts (wink, wink). This was the first ad-free, no-subscription/password-required blog to note that whatever cuts Saudi agreed to were more than made up by taking oil out of storage.Finally, "everyone" has caught on and it's been reported everywhere. Most recent example: The Wall Street Journal.
But there's a "new game" in town: talking about getting crude oil inventories back to the 5-year average.
The problem with that: the 5-year average was greatly affected by the Saudi surge in production 2014 - 2016.
To make this meaningful, we need to get global crude oil inventories back to pre-2014 levels and back to an 18-day supply level vs the current 32-day supply level.
Thus Article Why I Love To Blog -- Reason #23 -- May 22, 2017
That's an article Why I Love To Blog -- Reason #23 -- May 22, 2017 This time, hopefully can give benefits to all of you. well, see you in posting other articles.
You are now reading the article Why I Love To Blog -- Reason #23 -- May 22, 2017 with the link address https://mylivemyidea.blogspot.com/2017/05/why-i-love-to-blog-reason-23-may-22-2017.html
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