[Hughj]

Here comes July 2008 all over again. Record crude stocks, gasoline consumption off 7%.

http://www.bloomberg.com/news/2011-06-1 ... -says.html

[SpockLives]

Here comes July 2008 all over again. Record crude stocks, gasoline consumption off 7%.

http://www.bloomberg.com/news/2011-06-1 ... -says.html

When the proverbial hammer falls on you, or you are struck by lightning on a clear day, don't say I didn't warn you. There are facts, and then there are facts. Facts which don't line up with preordained conclusions are rarely appreciated.

[yeahbut]

don't say I didn't warn you

Errr...so what is the warning exactly? It sounds important, I want to make sure we all know just what it is so we can plan accordingly. That whole hammer and lightning situation sounds dangerous.

[SpockLives]

don't say I didn't warn you

Errr...so what is the warning exactly?

I told him that resistance is futile. Become one with the collective or suffer the consequences.

[astalavista_b]

North Dakota has an effect on the production increase:

"Mar Oil 11,168,656 barrels = 360,279 barrels/day
Apr Oil 10,535,492 barrels = 351,183 barrels/day (preliminary) (all time high 360,279
Mar 2011)
Mar Gas 11,063,666 MCF = 356,892 MCF/day
Apr Gas 10,758,355 MCF = 358,611 MCF/day (preliminary) (all time high)
Mar Producing Wells = 5,439
Apr Producing Wells = 5,536 (all time high) "

https://www.dmr.nd.gov/oilgas/directorscut/directorscut-2011-06-20.pdf

Production is raised from 100ths to 350ths per day from 2005 to 2010. That can be explained by the raising oil prices which makes oil drilling more profitable.

https://www.dmr.nd.gov/oilgas/stats/DailyProdPrice.pdf