Sunday, June 2, 2019

EIA's Smoke And Mirrors -- June 2, 2019

Wow, wow, wow. Talk about "smoke and mirrors."

Another Rick Perry decision? Nope. The "smoke and mirrors" apparently began during the Obama administration.

Linefill: that amount of oil in pipelines. Linefill is required to keep the pipeline oil flowing. Some suggest that "linefill" will never be available to refiners.

Linefill: RBN Energy talked about line fill back in December, 2013.

It seems any reasonable person would not include line fill as part of US crude oil inventories. And for quite some time linefill (line fill) was not included as part of US crude oil inventories. But that has changed.

From twitter today:

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