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163 comments on Looking Ahead - The Weekly Petroleum Inventory Reports

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Nate Hagens on September 17, 2008 - 11:46am Permalink | Subthread | Parent | Comments top

And that has several dynamics:
1)less gas will be sold overall which is why futures prices are declining (i.e. the imports and expected restarts of refineries will offset c rrent demand.

however,
2)we could shift from just-in-time to just-in-case behaviour and people will keep some of that 180 mill barrels of gasoline storage in their own tanks instead of government/private tanks

3)it will result in less driving to malls, Chuck-e-Cheeses, etc.

4)on top of some likely bank runs this weekend, it's gonna make for some stressed out folks. Accessing rational neo-cortex may be increasingly be trumped by our reactionary synapses. Jekyll...meet Hyde... :-o

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jteehan on September 17, 2008 - 5:35pm Permalink | Subthread | Parent | Comments top

A million fewer barrels a day of usage is great no matter what the reasoning.

I just wish California would run out for a while so that I could ride my bike in peace.

My vehicles stay above 3/4s from here on out. That's two barrels of diesel and one barrel of gasoline off the system. Ironically, prices are falling out here. I'm happy to bike and take the train, but my wife has two artificial legs and unfortunately really needs the minivan to get around town. Although the Prius also has hand controls.

Thanks Nate for all your hard work. You guys really do the world a service.

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163 comments on Looking Ahead - The Weekly Petroleum Inventory Reports

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