Oil Prices Shoot Up On Large Inventory Draw

(edited)

Refiner Inputs and Utilization
               
  Crude Oil Inputs
  16,633 15,768 15,711 15,890 15,990 16,020 1982-2019
  Gross Inputs
  16,864 15,989 15,987 16,196 16,285 16,290 1990-2019
  Operable Capacity (Calendar Day)
  18,604 18,604 18,604 18,604 18,604 18,604 1990-2019
  Percent Operable Utilization
  90.7 85.9 85.9 87.1 87.5 87.6<------

1990-2019

Edited by Old-Ruffneck
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The above chart shows 85.9 to 87.6 % of refinery capacity, this is nothing new at this time of year and shouldn't be a Surprise as maintenance at this time of year is necessary. But you won't see that in the headlines. Trying their hardest to scare the investors into buying into this Bullcr*p. Just do some research on years past will tell you the story. I realize Oilprice.com is a investment site to give outlook but really should tell the whole story. Sensationalism at it's finest lately. Be wary of sinking money into the futures at this time of year. 

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2 minutes ago, Old-Ruffneck said:

The above chart shows 85.9 to 87.6 % of refinery capacity, this is nothing new at this time of year and shouldn't be a Surprise as maintenance at this time of year is necessary. But you won't see that in the headlines. Trying their hardest to scare the investors into buying into this Bullcr*p. Just do some research on years past will tell you the story. I realize Oilprice.com is a investment site to give outlook but really should tell the whole story. Sensationalism at it's finest lately. Be wary of sinking money into the futures at this time of year. 

I liken drawdown and price spikes to what happened with the Tomcat blowout near Eakly Oklahoma in 81.

Millions of cubic feet of gas per day was blowing out of this monster and people were pushing up the price of buying the natural gas just from what was expended in the atmosphere.

When it bridged off, there were a lot of unhappy people 😊

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