Zeev's Turnips Patch-No Politics (ZEEV)

[Train Guy]

Thanks Augiee,

Just taking a quick look I do not see anything on why inventories are supposedly so low. If anything it says demand is down because natural gas is cheap. I'll dig into it in a little bit and see what I can come up with.

<Residual fuel oil deliveries plummeted 27.4 percent compared to July ’01 because large industrial users burned more of the less expensive natural gas in their boilers, said API. The report added that over the past 14 months, residual deliveries (demand) have declined an average 25 percent because of cheaper natural gas prices.>