US Crude Oil Inventories Decline By 2.2 Million Bbls -- EIA -- The Market, Energy, And Political Page, Part 2, T+1 -- Wednesday, May 9, 2018

Weekly petroleum report:

• US crude oil inventories decreased by 2.2 million bbls; currently at 433.8 million bbls; remain in the lower half of the average range for this time of year
• gasoline, distillate fuel production changes: ho-hum
• refinery operating at 90% capacity (working to keep gasoline prices high, apparently)
• in big scheme of things, not much has changed over the past year with regard to US crude oil inventories; gasoline and distillate fuel production
• not mentioned in this report, but reported elsewhere, the significantly increase in US production of crude oil over the past two years

Link over at oilprice.com --

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Something To Talk About

Apparently they did not learn the first time.

Saudi Arabia looks prepared to make their second trillion-dollar mistake.

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Something Else To Talk About

Some say the White House is disorganized, not getting anything done.

I don't know. Maybe it's just me but it seems there is more happening, more going on under the Trump administration (one year) than what went on during the previous eight years. I literally cannot keep up. But again, it may just be me. Regardless of where you stand politically, there just seems to be more going on.

John Kemp, Reuters London-based oil analyst, seems to have also noticed.

It would be nice to see a similar list of disputes between the White House and the Washington, DC, bureaucracy. And the changes that are occurring.