tag:blogger.com,1999:blog-1149283829854298377.post807529680591224844..comments2024-03-28T15:12:38.709-05:00Comments on The Million Dollar Way (The Bakken Oil Blog): Weekly US Crude Oil In Storage Dropped 5.2 Million Bbls -- June 9, 2021Bruce Oksolhttp://www.blogger.com/profile/10952652803684625738noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1149283829854298377.post-73766104756350900742021-06-10T09:25:14.779-05:002021-06-10T09:25:14.779-05:00Bearish report or not, earlier this week, the week...Bearish report or not, earlier this week, the weekly EIA report -- WTI continues to move higher today. Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-69935671892518354682021-06-10T09:21:33.749-05:002021-06-10T09:21:33.749-05:00Okay. Okay. Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-1313001529901712462021-06-10T09:15:55.451-05:002021-06-10T09:15:55.451-05:00Midstream and downstream companies need to do a be...Midstream and downstream companies need to do a better job in keeping refined fuel in stock and ready to ship to end users when problems occur, weather, pipeline leaks, software problems. Johnhttps://www.blogger.com/profile/03585782962455671558noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-59916747837897711142021-06-09T20:51:33.577-05:002021-06-09T20:51:33.577-05:00I was thinking the same thing --- about storage ta...I was thinking the same thing --- about storage tanks being refilled. I'm actually pretty optimistic about all this as an investor -- I don't think the American public is on board with all this ESG stuff and that will present some interesting investment possibilities. Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-48038852152412021702021-06-09T17:44:06.017-05:002021-06-09T17:44:06.017-05:00Due to the Colonial pipeline shutdown last month a...Due to the Colonial pipeline shutdown last month and how quickly gasoline and jet fuel availability was gone, I'm guessing that for the areas supplied are getting more refined fuel stocks, likely getting political pressure to encourage this. There's a ton of tank farms along the pipeline route. Quick way to loose votes is to wait in line for overpriced fuel for your vehicle. Couple of years ago Texas had gasoline shortage due to Gulf Coast hurricanes and floods. The oil industry has many challenges now they have to deal with the ESG mandates going on, go ask Shell or Exxon.Johnhttps://www.blogger.com/profile/03585782962455671558noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-18140424192927944382021-06-09T11:22:40.905-05:002021-06-09T11:22:40.905-05:00So much of this simply seems like "white nois...So much of this simply seems like "white noise," or background noise. Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-80636583660937946302021-06-09T10:40:37.084-05:002021-06-09T10:40:37.084-05:00I see a bearish weekly report. Total crude and dis...I see a bearish weekly report. Total crude and distillates inventory up by 15.5 mmbbls. Minus about 6 mmbbls imports, about 10mmbbl increase in total stocks <br />IMHO with crack spreads high and hurricane season starting in weeks, and would guess is a lot of storage tanks being filled along the Colonial pipeline route with product.<br /><br />As always JMHO.Johnhttps://www.blogger.com/profile/03585782962455671558noreply@blogger.com