The Oil Drum | POLL: Oil Breaks $127, Now What?

105 comments on POLL: Oil Breaks $127, Now What?

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Gwydion on May 18, 2008 - 7:50am

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.

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BaSE on May 19, 2008 - 7:21am

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=home

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.

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105 comments on POLL: Oil Breaks $127, Now What?

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