US Crude Oil Imports Continue To Surge -- John Kemp -- December 17, 2015

Yesterday I posted John Kemp's weekly energy tweets. To the tweets -- which are re-posted below, I've added a link that is a must-read for those trying to understand the Bakken: John Kemp's article on surging US imports. His article is a bit superficial; it will be interesting if any of the other business media (Platts, Wall Street Journal, Bloomberg) pick up on it and discuss it. Here are the tweets with the link to the US crude oil import article by John Kemp:

Some interesting energy tweets from John Kemp today including the first one:

• US crude oil imports surged for the second week running to 8.3 million b/d, the highest so far this year, at 8.3 million bopd: full story here -- a must read; 
• US refiners processed a seasonal record 16.6 million b/d last week up by +300,000 b/d from 2014
• US gasoline consumption averaged 9.2 million b/d in last 4 weeks, an increase of just +61,000 b/d compared with 2014
• US gasoline stocks adjusted for consumption are exactly with 2014 and long run average:
• US crude oil stocks rose +4.8 million bbl last week and now almost +111 million above prior year level (the graph is staggering)
• US total crude and product stocks rose +5.0 million bbl last wk reversing adecline of -3.6 million bbl the prior wk (the graph is staggering)

The link to John Kemp's article is a must-read article. Because every paragraph was important, I could not post the entire article here. It has been archived for future reference.