11k all day.
Must be their motto.
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11k all day.
Must be their motto.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
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Ways need something catchy.
Originally Posted by killramos
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11.1 this week. When has "no change" been this exciting? Or maybe I'm just easily stimulated? Insert stimulation jokes here ----->
SPR has stopped filling.
Commercial stock is drawing down a bit
that weird "adjustment" term is much smaller.
Are we getting back to some kind of fundamentals-based supply and demand scenario? Fundamentals honks like me have looked pretty stupid for the last 2 years, so maybe that's just wishful thinking?
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Whassa honk?
Everything I say is satire.This quote is hidden because you are ignoring this member. Show Quote
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someone who don't understand stonks.
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Oil is crashing today though.
Fears of the VID on demand are back.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
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people worried about OPEC unwinding their cuts?
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coffee shop soy boy
10 MMbbl surprise draw, oil better drop!
#markets
Some concern that gasoline demand has peaked was what I was reading.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
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Has decline finally hit? EIA weekly report shows daily production down to 10,700,000 bbl/day in U!S!A!
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coffee shop soy boy
Good day. More of a Viet Sub day than a double meat sub day ( Thank you Thi Thi as always ) but I’m not complaining.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
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Very interesting.This quote is hidden because you are ignoring this member. Show QuoteHas decline finally hit? EIA weekly report shows daily production down to 10,700,000 bbl/day in U!S!A!
Big decline.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
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No oil storage capacity left anywhere in the world. Which does beg the question, should we be burning excess at a 1:1 ratio to make solar panels (silicon ingot manufacture instead of simple oil storage)
Ultimately it is self defeating, as you are pushing a technology that given enough push will completely supplant the originator. But doesn't seem so weird when you consider that Apple buys LED panels from Samsung - its direct competitor, and yet both still make boatloads of money.
I mean, if you can't store the crude - do you stop using it or do you try and find an alternate way to use it?
Cocoa $10,000 per ton.
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10,700,000 this week again. Damn this is making it tough to seem smart at work when my predictions of steady weekly drops don't come true.
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It’s down quite a bit. I didn’t expect it honestly. I’m thinking a big charge back will happen, maybe 3-4 quarters away.This quote is hidden because you are ignoring this member. Show Quote10,700,000 this week again. Damn this is making it tough to seem smart at work when my predictions of steady weekly drops don't come true.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
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Well, last week was low, but I thought that was based on those hurricanes. This week, I think it's back to normal? Down to an even 10.0 million barrels a day.This quote is hidden because you are ignoring this member. Show Quote
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Still hurricane stuff having impacts. Gulf of Mexico platforms getting shut in, restarted, and shut in again. Next weeks production will also be impacted.
Storage draw, so that's nice.
Last edited by ExtraSlow; 09-17-2020 at 06:54 AM.
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Any draw we can get will help.
Crazy stuff.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
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10.7 million bbl/day this week. Very small storage draw. Will we see under 10 in 2020? I think we are trending this way.
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easier chart to review for those visual learners in the class.
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coffee shop soy boy
Your chart says we already hit under 10
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
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