Reading EIA weekly petroleum data

johnmarkos · Posted: Thu Nov 04, 2004 3:27 pm Post subject: Reading EIA weekly petroleum data

I'm having trouble understanding how the crude oil stocks, excluding SPR could be down by so much one week and up by so much the next (~6 million barrels this week). Where, specifically, is the extra/missing oil coming from? Where does it go? Are there numbers that we can add up to the "bottom line" or does it have to be extrapolated from the four week averages?

Here's my amateur extrapolation: it looks like we might be importing a slightly higher amount than usual right now, putting nothing into the SPR, and less than usual is going to refineries. Does that sound right? Do those variations from the norm account for 6 million barrels or is there another factor?

johnmarkos · Posted: Thu Nov 04, 2004 3:30 pm Post subject:

Some of the answers are right there, I guess -- I just had to scroll down.

Embarassed

johnmarkos · Posted: Thu Nov 04, 2004 3:34 pm Post subject:

Alrighty, here's a real question. What's the difference between "gross inputs" and "net inputs?" I do understand the general difference between gross and net -- I'm just unsure what is subtracted from gross to get net.

johnmarkos · Posted: Thu Nov 04, 2004 3:36 pm Post subject:

OK -- figured that one out too. It's exports. Embarassed

EnviroEngr · Posted: Thu Nov 04, 2004 5:24 pm Post subject: EIA data

This is fun.
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