I Drink Your Milkshake

Well as you can imagine while things are going my way im going to toot the horn.

WTI fell more today to $124, Obama looks set now to recieve the nomination, Hillary even postured to be the Veep on his ticket. And the Cubs won their 8th straight game.

After reading the Westexas post on Export land model, and how tight the gulf supplies are getting, I am wondering what tomorrows inventory report will bring. Last week supplies fell but were blamed on fog, some folks have gone so far as to check on that story and its beginning to sound like theres more to that story than meets the eye. So I guess tomorrow will tell. A bounce in Inventory levels will show that the fog story had merit, we might even see some folks go short on that news and see the price lose another buck or two. Flat or declining oil inventorys would be bad news, and support a pretty big surge in prices ~ 3 to 5%.

I also got my little fuel leak sorted on the Mustang, and its now ready for a test drive.