The US oil industry continues to [try to cook] their books. It just reported a large *DROP* [3.5 million bbls] in the amount of crude oil on hand.
Setting up the US consumer for another 4.00$/gal gas sucker punch?
Does anyone know if the Strategic Oil Reserve is being expanded/replenished with the big drop in oil prices?
When do we start sending some of these people [government & industry] to prison?
================= U.S. crude oil stocks drop unexpectedly: EIA Wed Dec 24, 2008 12:20pm EST By Haitham Haddadin
NEW YORK (Reuters) - U.S. crude stocks posted a surprise drop last week, government data showed on Wednesday, and analysts cited higher refinery operations and disruptions to imports due to fog on the Gulf Coast.
However, the Energy Information Administration report also showed another build in crude inventories at Cushing, Oklahoma, which logged a 1.2 million barrel build week to a record 28.7 million barrels. This followed a 4.7 million barrel build the prior week at the NYMEX delivery point for physical barrels.
Total commercial stockpiles of crude oil inventories in the United States decreased by 3.1 million barrels to 318.2 million in the week to December 19, compared with average analysts' estimates for a build of 400,0000 barrels.