http://online.wsj.com/article/BT-CO-20090910-711363.html
People never use what they can't afford to buy
And that would take a job
To understand the reason WHY!
Oil inventories fell by 5.1 million barrels last week, far more than analysts expected, the EIA said. But the oil appeared to have passed through refineries and directly into fuel storage terminals, as both major categories of product inventories surged.
Gasoline stockpiles unexpectedly rose 2.1 million barrels, where analysts had seen a drop of 1.3 million barrels, while distillate stocks, including diesel and heating oil, gained 2 million barrels, more than the expected 600,000 barrels.
Oil prices have held around $70 a barrel for three months with the expectation that both oil and fuel inventories would eventually draw down as demand rebounds from lows hit during the bottom of the global economic downturn.
Instead, refiners have been forced by weak demand to spread the surplus around over the last year, first converting an oil glut into a massive surplus of fuel, then cutting runs to reduce gasoline inventories, which only sent crude stockpiles soaring again. In the latest data, the tide appears to have shifted again, with oil inventories falling sharply, but fuel stocks rising more than expected.
"If product demand is still weak, what are refiners going to do
