[Homestead] Oil demand ‘rising faster than expe cted’

Don Bowen don.bowen at earthlink.net
Wed Jun 13 12:43:50 EDT 2007


From: http://tonto.eia.doe.gov/oog/info/twip/twip.asp

This year, refinery outages and maintenance extending into the early part 
of summer have kept refinery utilization rates at roughly 90 percent. In a 
refining system where capacity is over 17 million barrels per day, 5 
percent can equate to nearly 900,000 barrels per day in additional crude 
oil inputs to refineries, providing at least that much in additional 
refined products. With 
<http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/pdf/figure03.pdf>crude 
oil inventories at the top of the average range, there is certainly enough 
additional crude oil that can be used in refineries, and with 
<http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/pdf/figure04.pdf>gasoline 
inventories well below the average range, there is certainly a need for 
more gasoline supply. While gasoline inventories have built in recent 
weeks, largely due to increased imports and higher blending activity, 
additional refinery production of gasoline would certainly help gasoline 
inventories rebuild to more normal levels more quickly than the current pace.


Don Bowen              Awl Knotted Up                       KI6DIU
http://www.braingarage.com
My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html

I am omnivagant.  


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