Armageddon wrote:wow, has anyone seen the US oil inventories? What gives ?
Good question, here's how I read it.
Oil prices fall on inventories report link
"Gasoline futures edged up .05 cent to $2.2050 a gallon."
Tar Sulfurous oil builds up in inventories and doesn't help the gas fuel picture.
"In other Nymex trading, heating oil futures fell 2.1 cents to $1.8086 a gallon"
Thicker tarry oil may help the heating oil picture and winter is over.
"natural gas prices rose 6.1 cents to $7.698 per 1,000 cubic feet."
[s]Even though winter is over there's still not enough natural gas!
[/s] "The hotter it is the more air conditioners we run the more power we need." - strider3700