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AEZS in the loading zone again .........
added another 10k block @ .722......90k total today. lets Rock!
Getting ready to add again.....
Added another 20k @.7286......
In for 40k shares @.68 will add if it dips..........
Crude Oil Eyeing 63.00 Figure
http://finance.yahoo.com/news/crude-oil-eyeing-63-00-050800001.html
Iraq minister sees oil at $64 to $65 per barrel.
(Reuters) - Iraq's Oil Minister Adel Abdel Mehdi said on Sunday world oil prices were gradually rebounding and he expected to see a barrel of crude selling at around $65.. . "I don't think they will return to their previous levels. I can see that oil will be sold at $64 to $65 a barrel," he told a news conference in Baghdad.
http://www.reuters.com/article/2015/03/01/us-iraq-oil-minister-idUSKBN0LX1JN20150301
US finds more oil storage beyond refineries, tanks
The EIA pegged crude storage capacity at refineries and tank farms in the US at 521 million bbl at the end of September. With inventories rising 8.4 million bbl last week to a record 434 million, it may appear at first glance like supplies from the shale boom are on a collision course with tank tops.
Keywords:
By DAN MURTAUGH
Bloomberg
It looks like there’s more space to store oil in the US than previously thought.
The Energy Information Administration pegged crude storage capacity at refineries and tank farms in the US at 521 million bbl at the end of September. With inventories rising 8.4 million bbl last week to a record 434 million, it may appear at first glance like supplies from the shale boom are on a collision course with tank tops.
Not so, says the EIA. The weekly storage numbers include a few sources that aren’t included in the capacity report, such as crude in pipelines and at well sites, that can add up to more than 100 million bbl.
“We still have a way to go before we can consider ourselves to be full,” Rob Merriam, the EIA’s manager of petroleum supply statistics in Washington, said by phone. “Once you correct for line-fill and lease tanks, we’re pushing about 60% capacity utilization.”
Stockpiles are surging amid the highest U.S. production in more than thirty years, helping cut the price of West Texas Intermediate crude by more than 50% from its peak last year to $50.51/bbl on the New York Mercantile Exchange on Thursday.
The EIA doesn’t ask companies how much oil they have in pipelines. It’s possible to infer an estimate, though.
In September, companies told the EIA they had about 234 million bbl of crude in tank farms and pipelines. In a separate survey companies said they had about 147 million in tank farms. That leaves about 87 million bbl of crude in pipes.
Lease Storage
The number may be higher now. Since the end of September, companies have opened several new lines, such as Enterprise Products' Seaway Twin.
The EIA doesn’t ask companies to break out tank farms from pipelines on a region-by-region basis, so the analysis can only be done on a national level.
Then there are the crude inventories being held in tanks at leases, where the oil is pumped out of the ground. Those aren’t included in the refinery and tank farm capacity report, either.
As the shale drilling boom has expanded the number of new oil wells in the US, supplies at those sites has grown from about 18 million bbl at the start of 2010 to more than 32 million in November.
Weekly storage numbers include Alaskan oil in transit on tankers, which can be another couple million barrels. All in all, it can be more than 130 million bbl in storage that don’t show up on the capacity report.
Also, the EIA asks companies to include in their storage figures not only the oil in tanks and refineries, but the amount they have in transit outside of pipelines, including on tankers, barges or train cars.
Add all that in, and storage utilization falls from 83% to about 60%.
http://www.hydrocarbonprocessing.com/Article/3431208/Latest-News/US-finds-more-oil-storage-beyond-refineries-tanks.html
Nice post! "very well written"...........
Could go either way on this one.......
Filled......Looks like the bleeding has slowed
On bid @ $ 1.77.......
Just added another 10k block @ $ 1.82..........
Up from here.....
Added another 10k shares @ $1.755..........
Looks like I'll be averaging down on this today
shorts have a strong foothold here.........
Added another 10k shares @ $1.93.....
In with 20k shares @ $1.93 we'll see if the price holds
Very nice indeed! perhaps tomorrow we can retest $0.279
Gone now........
Wow!!! 200k on the bid @$.25
Nope!, but maybe tomorrow.........
Looking for an entry point here in the morning.........
Natural gas price in the toilet today..........
Keeping on my radar list.......
I'm thinking somewhere around $2.95 then a retrace, then hard push thru $3.00......all speculation on my part
$2.77 should be bottom.....
Out @ $.096
Tradable float is only about 37,000,000 of which 15,000,000 are in the form of paper certs.I believe the certs are convertible around $0.90 will go back and look..........
The sky's the limit here.......endless possibilitys , just depends on when they sign licensing deals......
$$$ Day coming!!!
Nice activity A/H
Re-post from 12/01/12 01:22:58 PM
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