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This rant is from the multiple political ideologies that live inside my head. They need a place to come out and play. (In a politically offensive way) Entry into this space is not advised!
Sunday, April 23, 2006
When unusual things start to happen it's always good to go look at the actual numbers.
The EIA's (Energy Information Administration) is a good place to start. Their “analysis” seems politically motivated and should be ignored, but their raw numbers are the best available to the general public.
Using information from the EIA a couple of things are clear:
OPEC oil production is falling. Look here (xls warning) and here
Crude oil stocks are very high.
Gasoline stocks are dropping like a rock.
Although the MSM is pushing the oxygenate switch as the cause for the shortage this graph shows that argument as pretty bogus. The switch has been going on for quite a while and if a state is having a gas short fall they can request a exemption.
What I suspect is going on is that “light sweet crude” is becoming scarce and the the bulging oil stock are from “sour crude”. A product that is harder to refine into gas
The EIA's (Energy Information Administration) is a good place to start. Their “analysis” seems politically motivated and should be ignored, but their raw numbers are the best available to the general public.
Using information from the EIA a couple of things are clear:
OPEC oil production is falling. Look here (xls warning) and here
Crude oil stocks are very high.
Gasoline stocks are dropping like a rock.
Although the MSM is pushing the oxygenate switch as the cause for the shortage this graph shows that argument as pretty bogus. The switch has been going on for quite a while and if a state is having a gas short fall they can request a exemption.
What I suspect is going on is that “light sweet crude” is becoming scarce and the the bulging oil stock are from “sour crude”. A product that is harder to refine into gas
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