Oil In Tankers To Manipulate Prices?-Istock

The last two weeks oil inventories fell by a record 20 million barrels, this event has never happened in 30 years of historical data. So what the heck is going on here? It is not the case that this is the best economy in the last 30 years. It sure isn`t the case that Americans are using more fuel right now compared with any other time period during the last 30 years.

Peak Demand Era
In fact, the US market is maturing and using less fuel these days for several reasons like alternative energy, higher fuel efficiencies, fuel blending requirements, and a struggling economy with the highest rate of population on food stamps.
Supplies at Record Highs

Sure refiners are running at their highest rate of the year in the 92% range, but that is all normal for this time of the year. Yet this two week drawdown has never happened before, and curiously it happened as supplies were at record highs.

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Products Derived From Crude Oil

Gas: Chemical Raw Materials: Aleohols Esters Amines Retones Styrene Chlorinated hydro carbons Buadiene Synthetic rubbers Anesthyetic Anti freeze Nitro paraffins Resins Plastics Glycerine Lube oil improvers Antiknock atents Carbine Black: Ink Rubber Paints Refined Oils: Jet fuel Kerosene Stove fuel Railroad singnal oil Cattle spray Insect spray Tractor fuel Waxes: Wax paper Midicinal waxes Matches Polish Inslating Materials Chewing gum Food coating Candles Lubricating Oils: Hydraulic oils Printing ink oils Transmission oils Valve oils / Tubine oils Tempering oils / Marine oils Journal oils / Aviation oils Spindle oils / Diesel oils Steam Cylinder oils Compresion oils Railroad oils / Black oils Grease: Cup grease Switch grease Industrial grease Cable grease Coke: Fuel Carbon Brushes Metallurgical coke Carbon electrodes	╔ ║ ║ ║ ║ ╣ ║ ║ ║ ║ ║ ║ ╠ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ╠ ╣ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ╣ ║ ║ ╠ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ╣ ║ ║ ╠ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ╠ ║ ║ ║ ║ ║ ║ ║ ║ ║ ║ ╠ ║ ║ ║ ╣ ║ ║ ║ ║ ║ ║	Gas: Welding Metal-cutting Cooking & Heating Refrigerant Motor fuel Naphthas (commercial solvent): Aviation fuel Painter's Naphtha Cleaners Naphtha Toluenel/Xylene Fatty oil solvent Lacquer diluent Rubber solvent                ↑                ↑                ↑            Gasoline                ↓                ↓                ↓ Gas Oil: Diesal fuel Domestic fuel Industial fuel Naphthenic acids Carburetion oil Absorber oil White Oil: Medicinal oil Horticaltural oils Salves & Creams Cook's & Baker's oils Hydraulic oils Insulating oils Textile oils Sulfonates Petrolatum: Ointment Cosmetics Rust preventive Petrolatum jelly Lubricant Residual Fuel: Marine fuel Railroad fuel Wood presevative Industal fuel Asphalt: Road oils Paper saturants Fuel Briquetting Shingles / Roof coating Insulating compounds Rust preventive Asphalt paint Paving
Crude-Oil
1959

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Carbon Fiber, and Silicone