![]() | How Would You Manage Saudi's Reserves? | The Oil Drum | A Public Transport And Green City Manifesto For The Federal Election | ![]() |
The contents below are paid advertisements. Their appearance does not imply an endorsement by The Oil Drum.
“To be thrown upon one's own resources, is to be cast into the very lap of fortune; for our faculties then undergo a development and display an energy of which they were previously unsusceptible.”
—Benjamin Franklin
Search The Oil Drum with Google
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Prof. Goose, Heading Out, Stuart Staniford, Nate Hagens
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Gail the Actuary, jeffvail, JoulesBurn, Khebab, Robert Rapier
- TOD:Local: Glenn
- TOD:Europe: Chris Vernon, Euan Mearns, Francois Cellier, Jerome a Paris, Luís de Sousa, Rembrandt, Rune Likvern, Ugo Bardi
- TOD:Canada: benk, Libelle
- TOD:ANZ: Big Gav, Phil Hart, aeldric
- Technician: Super G
Recently on TOD:World
TOD:Local
- Ask not what your next President can do, Ask what you can do for your tribe
- Summer Streets a Success!
- Plan for Hydro-Fracture Drilling for Unconventional Natural Gas in Upstate New York
TOD:Europe
- UK - Stansted Airport expansion gets go-ahead
- RAMseS: a new agricultural paradigm
- RAMseS: a new agricultural paradigm
TOD:Canada
- In this house, we obey the laws of thermodynamics!
- Compressed Air Energy Storage - How viable is it?
- Oil Megaproject Update (July 2008)
TOD:ANZ
Peak Oil Primers
Blogroll
Energy Sites
- The Coming Global Oil Crisis
- Die Off
- Dry Dipstick
- Energy Bulletin
- From the Wilderness
- Life After the Oil Crash
- Peak Oil Crisis
- Peak Oil News and Message Boards
- Powerswitch
- Rigzone
- Matthew Simmons
- Wolf at the Door
Environment & Sustainability Sites
- The Daily Green
- EcoGeek
- Eco Street
- Green Car Congress
- Green Options
- green.alltop.com
- Gristmill
- RealClimate
- Sustainablog
- Treehugger
- WorldChanging
Blogs
- The Big Picture
- Casaubon's Book
- Cleantech Blog
- Clusterf
k Nation (Jim Kunstler) - The Cost of Energy
- David Strahan
- The Energy Blog
- Entropy Production
- European Tribune
- GraphOilology
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- Calculated Risk
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.







GAIA Host Collective
Also, remember, it's not just the inventory report that moves the price one way or another. Remember that traders are also thinking about which way the dollar is likely to move, what movements in the stock market are likely to do to the dollar, etc.
Also, remember that speculators often rely on signals that tell them when to buy or sell. They don't really buy or sell based on the inventory report, they watch other factors, like whether the price has risen or fallen to some longer-term moving average, or any number of other indicators or combination of indicators. For example, a very famous trading system that some large speculators are likely following has still not given a sell signal on oil.
there is enormous liquidity in WTI. I doubt Robert has enough umph to be able to put in an order big enough to have trouble getting a fill.
Even back in the days before electronic trading, you could call the floor guys and get an execution in seconds.
But I don't think the API/DOEs are good for much more than short term noise. They are horribly inaccurate. You really need to dig through them and compare rolling averages to see if they are actually saying anything meaningful.