woensdag 3 oktober 2007

US supplies of raw oil increase


The supplies of raw oil increase unexpected.

Opposed to what all the experts tought the oil supplies are increasing as is showed by the new numbers the Departement of Energy released.
In the week of the 29th of september, the supplies of raw oil increased with 1,138 milion barrels to 321,755 million barrels. Experts presumed an decrease of 550.000 barrels.
The gasoline supplies decreased with 41.000 barrels to 191,325 million barrels. Experts presumed an increase of 550.000 barrels. The supplies of oil fuel and diesel decreased with 1,173 million barrels to 138,887 million barrels. Experts presumed an increase of 1,3 million barrels.

This is the first good news we heard in a while for the American economy.
This is also good news for the rest of the world cause this could be a sign that the oil prices might stop increasing. Wich might mean that the governement will not have to implement their plan, to add bio-oil, just yet. Hopefully they will use this extra time to thoroughly examine their plan so that it could be executed immediatly, without to many costs for the people, when needed.
Let us hope this is an omen for good things to come.

Nico Cottry

3 opmerkingen:

Nico, Thomas, Bejamin & Sarah zei
Deze reactie is verwijderd door de auteur.
Nico, Thomas, Bejamin & Sarah zei

I also believe that it's good for the economy. I hope that according to that the prices of oil will not increase. The problem is that nowadays people by oil because of the lower price of the dollar and that will lead in the end to a higher price of oil.. So in that way it isn't that good.
Sarah Struyf

Nico, Thomas, Bejamin & Sarah zei

I agree that this is good news. Nico would postpone the decision to add bio-oil because with these prices it still isn't profitable.
I would already start adding bio components. In this way normal oil can be saved and this will result in lower prices at the end.

Thomas