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-   -   And the farse continues..... (https://xoutpost.com/off-topic/lounge/14895-farse-continues.html)

Wagner 05-04-2006 05:35 PM

And the farse continues.....
 
This just in while you pay $3.25/gallon...

-----

In its weekly stockpile report, the Energy Information Administration said Wednesday that crude supplies rose by 1.7 million barrels, while closely watched gasoline inventories swelled by 2.1 million barrels. Analysts were looking for a 100,000 barrel decline in crude stores and a 700,000 barrel drop in gasoline supplies, according to Reuters.

http://money.cnn.com/2006/05/04/markets/oil/index.htm

Not to mention the price of oil went up and then dropped over $5.00 in one week....talk about volitile. I've decided energy analysts are about as accurate as meteriologists.

Eric5273 05-04-2006 06:02 PM

Quote:

Originally Posted by WagnerX5
I've decided energy analysts are about as accurate as meteriologists.

Most, if not all, of these guys are employees of the oil companies. There is no "analyzing" actually happening. They are told what to say.

LeMansX5 05-04-2006 07:00 PM

Quote:

Originally Posted by Eric5273
Most, if not all, of these guys are employees of the oil companies. There is no "analyzing" actually happening. They are told what to say.

Money talks.


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