I'm posting this graphic for only one reason. There is a reader that follows this much more closely than I do. Every week the reader tracks the same metrics and was one of the few that has called out the EIA on "fudging" the data it reports. The EIA is forced to use a "fudge factor" to explain away 500K bbls of lost oil every week, plus or minus a few hundred thousand. I never would have known but the reader pointed that out about a year ago. And it's true. One can easily find the small print in the weekly EIA stats in which the EIA points out they need to place a "fudge factor" in the data to make the "books balance."
So, now this, from twitter this past week:
Macht nichts but this comment by HFI Research would have meant nothing to me had I not blogged, and had a reader not pointed this out to long ago.
