Tuesday, June 4, 2019

Gee! How Many Times Is It A "Surprise" Build? Another "Surprise" Build -- Peak Oil? What Peak Oil? -- June 4, 2019

Link here. Data points:
  • a "surprise" build in the US crude oil inventory
  • a whopping 3.545 million-bbl increase (note the false precision)
  • forecast: a drawdown (say what?) of 208,000 bbls (and look at that false precision - to the nearest 1,000 bbls -- a truck carries 200 bbls of oil)
  • a build in gasoline inventories
  • actual: a build of 2.7 million bbls
  • forecast: a build of 711,000 bbls
And then look at this -- distillate inventories rose by a staggering 6.314 million bbls

US crude oil production
  • 12.3 million bbls for the week ending May 24 -- an EIA estimate
  • US production resumes its all-time high that was originally hit the week of April 26, 2019
The EIA will release their weekly data tomorrow morning (June 5, 2019, 9:30 a.m. CT)

The Art Page

From earlier this year, Sophia's pen-and-ink drawing of skiing in New Mexico with her dad:

The Literature Page

The favorite part of my day — or — perhaps I should say: my day begins at 5:35 p.m. when I pick up Sophia from TutorTime. Her older sisters are with their dad in Europe for a month. My wife is out in Los Angeles. It’s just our adult daughter who works 12-hour days, our granddaughter Sophia, and, me.

Typically, after picking Sophia up at TutorTime we come to the apartment complex — the tenements — where she plays outside with her friends, ages four to twelve. There’s a lot of apartment complex traffic between the hours of five and eight — folks coming home from work — so I stay outside to watch Sophia.

I pull up a beach chair, bring out some snacks, a book to read, and sit along the drive-way, watching Sophia and her friends.

Today, my book is Volume II of Norman Sherry’s biography of Graham Greene. It’s a three-volume biography; I’ve read it once and parts of it more than once. Of all the biographies I’ve read, it’s one of my favorites, if not my favorite.

Among movies, #1 is Casablanca. Perhaps among biographies, #1 is Sherry’s biography of Graham Greene.

I’ve long forgotten but my hunch is that volume II of the three volumes is the most interesting. It covers the years 1939 - 1955. The volume opens in 1938; he is married, and has had several literary successes, but is still an enigma — to himself and to his readers.

I had forgotten, but I took extensive notes the first time I read the biography; it is amazing how much I used to read (between 2000 and 2007) and how much I used to journal. And then I started blogging. How sad. LOL.

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