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Home Front: Economy

Report: Lots and lots of oil for the U.S.

2005-11-09

WASHINGTON, Nov. 9 (UPI) -- Nearly all varieties of petroleum increased in the United States last week, the Energy Department reported Wednesday. The only exception to the supply growth was heating oil, which fell as buyers laid in stocks for the winter.

Crude oil inventories rose by 4.5 million barrels from the previous week. At 323.6 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year. Gasoline inventories increased by 4.2 million barrels last week, putting them in the upper half of the average range. Diesel fuel inventories also rose last week.

Even though heating oil supplies fell moderately last week, they remained in the upper half of their historic range for this time of year, the department said.

So far we haven't had much of any winter weather. Who sez there isn't a up side to Global Warming?

Posted by:Steve

#5 Innsbruck? In November? Those mountains aren't high enough to ski on except in January. In November all one can do is glacier skiing, which over there tends to be pretty boring. What kind of a journalist is the man, anyway?!?

Posted by: trailing wife 2005-11-09 23:18

#4 innsbruck where he whined about the effects of global warming on his skiing

Seems to me if he doesn't like the conditions, he could either go to a resort at a higher altitude, or head someplace more north, instead of complaining.

Posted by: Bomb-a-rama 2005-11-09 19:49

#3 Matt Lauer is doing his 'where in the world' schtick this week.

monday- easter island
tuesday- panama canal
wednesday- innsbruck where he whined about the effects of global warming on his skiing

MattMattMatt...please tell us how exactly you get around the world. Donkey, rowboat, hangglider? No? But you do fly economy class with 350 other people to minimize the energy wastage, right? Right, Matt? No? Then shut your pie hole.

Posted by: Seafarious 2005-11-09 18:56

#2 Wonder if any analysts are watching the raise in internet shopping when the price of oil jump the three dollar mark nationally? Still have to get food locally, but a lot of trips could be delayed, consolidated, or put off. Nothing like teaching the American people about alternatives, like cheap well built Japanese cars in 70s. Not only did they give far better milage than the Detroit hunks of metal, but they were put together right to start with and had fewer service problems. Once discovered the Japanese got a good size chunk of the business market, never to lose it back again. Yes, yes, teach us how to do more with less oil. Watch the price drop even more.

Posted by: Greregum Phomong6307 2005-11-09 18:39

#1 The only exception to the supply growth was heating oil, which fell as buyers laid in stocks for the winter.

Little folks spekulating in heating oil? :> The ugly secret of the futures market is eventually somebody gotta buy your stuff or bag holding you will be doing.

Posted by: Shipman 2005-11-09 18:38

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