User 5272

Is Oil Actually Worth $100 a Barrel?

Two comments:

1) when you talk of "agenda" or conspiracies, nobody will take you seriously

2) I take all those inventory stats with a huge grain of salt. What I would really like to compare is US, or even global oil inventories as measured in days of demand. Look at that today and over the past weeks, months, years, decades and excluding the SPR. That will give a decent context of where inventories are or if they even matter. Whether we have 6 weeks of demand on hand versus 8 weeks would really be irrelevant. If the numbers show inventories are at 2 weeks or 20 weeks would be significant. I haven't been able to find data like that.

My .02