 | DrumBeat: May 18, 2008 | The Oil Drum | A quote from Obama in Oregon..."We can't eat as much as we want...and then expect other countries...to say OK" |  |
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Thanks shargash,
That NY times article may not be primary but it sounds as if they are reading from primary sources ... maybe:)
(Actually though my question to Jaymax and a similar question to yartrebo (below)sprang more from amusement that the two diametrically opposed views came so close together on the thread without blows being struck).
Here's a link to the EIA web page where each week they report the stocks of crude oil being stored at major facilities. You'll notice there's not an excessive amount for this time of year. I suppose there could be some stocks that aren't being accounted for, but you'd have to find them.
Well the largest inventory is probably floating around or in transit in tankers. It is possible to change where ships go and how long it takes to get there to manipulate prices. Here's an interesting article.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aQZcc1kgLb8k&refer=h...
By the way, I'm with Smith(above) all the way to $140. Woohoo! What a rush.
At least we get to fight al'Cia in Iraq, now that they finally got a foothold. Hopefully, McSame will steer us on a clear path to victory, or something.