William Trent_

Point/Counterpoint: David Andrew Taylor Misreads Current Oil Inventories

My bad. A billion here, a billion there, pretty soon I'm adding zeros to everything. Thank you for pointing that out. That said, we are still 10 percent below the average days' supply - which was the main thrust of the article.

Point/Counterpoint: David Andrew Taylor Misreads Current Oil Inventories

The link you provide is for weekly product provided, measured in thousands of barrels per day. So taking the recent run rate of just under 21 billion barrels per day, and multiplying that by the four or five days of inventory needed to get back to the average of 55 days' inventorygets me to a minimum level of 80 billion barrels.