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Sunday, February 6, 2022

Focus On Fracking -- February 6, 2022

This week's Sunday edition has posted. Link to post.

The lede:

Oil prices are at a new seven-year high, oil supplies are at a new ten-year low; SPR is at a new nineteen-year low; total oil & products supplies at a seven-and-a-half year low.

Omicron's hit to demand leads to the largest five-week increase in gasoline inventories in thirty-two years.

Largest five-week increase in gasoline inventories, gasoline demand at recent record lows, and yet gasoline prices are surging. 

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