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Monday, March 23, 2015

Cushing: Supply And Demand -- March 23, 2015

Today's EIA blurb:
“Although inventory levels at Cushing are at their record high, storage utilization (inventories as a percent of working storage capacity) are not at record levels. Capacity utilization at Cushing is now 77%, a large increase from a recent low of 27% in October 2014. However, utilization reached 91% in March 2011, soon after EIA began surveying storage capacity twice a year, starting in September 2010.”---EIA
At least it looks like the Bakken gave the EIA folks something to do -- start surveying storage capacity twice a year -- I assume Mr EIA sends an e-mail to Mr Cushing on a Monday requesting the data; Mr Cushing sends the data to the Mr EIA by that Friday; and, then Mr EIA spends the next week to ten days "massaging the data" before posting the data on the EIA website. 

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