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[QUOTE]Originally posted by glassman: [QB] wiki doesn't cover this :D i am too busy with my other work to prepare you a free report. I am postualting as usual, i've never done anything but postualte here and you know that... i'm not making it up outa thin air either tho... oil production is as high or higher right now than it has ever been, gasoline is too, but demand is down, here, this is concise as i can find on moments notice, and it ain't wiki: [b]PETROLEUM SUPPLY Domestic crude oil production rose by 3.8 percent to average 5.7 million barrels per day in January. This level was at an eight-year high for the month. Alaskan production was up by 34 percent from last January, at 624 thousand barrels per day. North Dakota, the center of recently discovered tight-oil formations, produced near-record levels of crude oil for the State at 470 thousand barrels per day. The number of oil and gas rig counts remained flat from December 2011 levels, according to the latest reports from Baker-Hughes Inc. Imports of crude oil and refined products fell in January by 14 percent to average 10.1 million barrels per day as increased domestic production offset the lower import levels. Canadian crude imports dropped by 2.8 percent in January to average 2.1 million barrels per day. Crude oil imports fell to a 12-year low with the exception of January 2010 and refined product imports fell to a 17-year low for the month of January. Despite the recent announcements on declines in refinery capacity due to closures in the Northeast region, January's total refinery inputs were higher than last year's levels by 1.9 percent. With the exception of residual fuel production, industry production of key refined products remained higher than the prior year levels. Gasoline production at 8.9 million barrels per day was at a record-high for the month of January. Distillate fuel production at 4.6 million barrels per day was at a record-high for any January. Utilization rates were up by 0.9 percent in January this year compared with last year. In January, crude oil stocks were down 3.2 percent from last year but slightly up from December 2011 levels. At 336.2 million barrels, crude oil stocks were at a four-year low for January. Gasoline stocks were up from month-ago and year-ago levels. At 227.6 million barrels, gasoline stocks were at a three-year high for January. Distillate fuel inventories were down from month-ago and year-ago levels and reached three-year lows in January, at 144.1 million barrels[/b] [URL=https://mninews.deutsche-boerse.com/index.php/us-api-text-consumer-gasoline-demand-remains-weak?q=content/us-api-text-consumer-gasoline-demand-remains-weak]https://mninews.deutsche-boerse.com/index.php/us-api-text-consumer-gasoline-dema nd-remains-weak?q=content/us-api-text-consumer-gasoline-demand-remains-weak[/URL] all that equals bubble. [/QB][/QUOTE]
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