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  • old_doodle_bugger old_doodle_bugger Jan 11, 2007 1:50 AM Flag

    NOW DOWN A DOLLAR????????

    Regarding: "Basic Economics:
    1. There is an increase in oil stockpiles."

    BASIC ECONOMICS:
    In the U.S., there has been a Decrease in oil stockpiles for the past SEVEN weeks.

    From DOE-EIA Weekly Reports:

    "Summary of Weekly Petroleum Data for the Week Ending January 5, 2007

    U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped by 5.0 million barrels compared to the previous week."

    "Summary of Weekly Petroleum Data for the Week Ending December 29, 2006

    U.S. commercial crude oil inventories (excluding those in the StrategicPetroleum Reserve) declined by 1.3 million barrels compared to the previous week."

    "Summary of Weekly Petroleum Data for the Week Ending December 22, 2006

    U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped by 8.1 million barrels compared to the previous week."

    "Summary of Weekly Petroleum Data for the Week Ending December 15, 2006

    U.S. commercial crude oil inventories (excluding those in the Strategic
    Petroleum Reserve) dropped by 6.3 million barrels compared to the previous week."

    "Summary of Weekly Petroleum Data for the Week Ending December 8, 2006

    U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped by 4.3 million barrels compared to the previous week."

    "Summary of Weekly Petroleum Data for the Week Ending December 1, 2006

    U.S. commercial crude oil inventories (excluding those in the Strategic
    Petroleum Reserve) declined by 1.1 million barrels compared to the previous week."

    "Summary of Weekly Petroleum Data for the Week Ending November 24, 2006

    U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) declined by 0.3 million barrels compared to the previous week."

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