Oil Prices Shoot Up On Large Inventory Draw

[Old-Ruffneck + 1,177]

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 March 20, 2019 by Old-Ruffneck
added

[Old-Ruffneck + 1,177]

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. 

[Justin Hicks + 162]

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 😊