Weekly EIA petroleum report. Link here.
- US crude oil in storage decreased by a whopping 6.7 million bbls;
- US crude oil in storage now stands at 452.3 million bbls; 6% below the five-year average;
- refiners are operating at 93% of their operable capacity;
- US crude oil imports averaged 6.4 million bopd; decreased by 0.5 million bopd; average is 6.7 million bopd; 3% more than the same four-week period last year;
- total motor gasoline inventories increased by 1.5 million bbls last week; right in line with average;
- distillate fuel inventories decreased by 0.9 million bbls and are 5% below the five-year average;
- jet fuel supplied was up 83.5% compared with same four-week period last year;
magic refineries, too; they processed 1,350,000 more barrels per day than was available from net imports, from storage, and from production...
ReplyDeleteLOL. Our seven-year-old granddaughter Sophia understands this phenomenon; she knows unicorns exist and if unicorns exist,then it's possible for ... wow .. one million+ bbls PER DAY -- processed -- more than actually exists.
DeleteI wonder where those unicorn refineries are sited and why the government is keeping them secret. LOL. Or rather, where that oil is coming from. Their must be a magic (and secret) SPR that the refiners draw from when "we" really, really need more gasoline.
Amazing, isn't it?