The Oil Drum | DrumBeat: September 11, 2006

429 comments on DrumBeat: September 11, 2006

Comments can no longer be added to this story.

Show without comments | PDF version

oilaholic on September 11, 2006 - 10:33pm

If world supply is flat but demand is growing, how come global inventories are at very high levels? High demand, flat supply should yield an inventory decrease, but it isn't. Is part of the demand a recently expressed desire for hoarding oil?

Comments can no longer be added to this story.

jkissing on September 12, 2006 - 10:48am

First, only the US has high stocks, and US stocks would be no higher than last year if loans from the spr were repaid.

Second, world OECD stocks are at a ten-year low, maybe foreign buyers are waiting for falling oil/dollar, in which case current price might be attractive. IMO, the first sign of solid support will bring many buyers and strong bounce.

Comments can no longer be added to this story.

429 comments on DrumBeat: September 11, 2006

Comments can no longer be added to this story.

Show without comments | PDF version

Search The Oil Drum with Google

Support The Oil Drum

Click the button to learn about supporting The Oil Drum with a secure donation.

Peak Oil Primers

Beware email scams!

Beware email scams claiming to be from this site. We do not have any job openings. If anyone contacts you about a job at The Oil Drum, do not reply to them, and definitely do not give them any personal information or send them money. Read more here.

“No civilization can survive the physical destruction of its resource base.”

—Bruce Sterling