Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

train guy....

I question the reason for the very low crude stocks. Imports are remaining at higher levels and we are in a slowing economy - there is a disconnect between the amount of oil being imported (plus domestic production), the expected rate of consumption in a slowing economy, and the level of crude stocks - I think the difference is likely the administration adding to the strategic petroleum reserve as a part of preparing for a showdown with Iraq.

No way to prove it, so just my guess.

mlsoft