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Willy

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Willy

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Re: unionman4u post# 7081

Thursday, 06/23/2011 11:44:04 AM

Thursday, June 23, 2011 11:44:04 AM

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Why should the release of 1.5 days of U.S. consumption have any effect on CAVR, or any oil company? It's such a small amount it should have had no market effect, but it did since the price of light sweet crude is down over 4 bucks a barrel this morning. The world uses 85 million bbl/day so the 30 million is only 1/3 of the worlds daily consumption..it's peanuts.
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