Celcius Energy Chart

[Orindakid]

I have been following this chart for some months and his projection and actuals are tracking pretty close. The interesting thing is he sees storage continuing to drop into the future, well below the 5 year average.
http://www.celsiusenergy.net/p/crude-oil-storage.html

[dan_s]

Refiners will need to process a lot of crude oil to meet demand for gasoline, diesel and jet fuel in Q2. Within six months, U.S. crude oil inventories s/b way below the 5-year average.