U.S. Domestic Oil Output Reaches a 13-year High

[JEast]

In another tribute to we really don't know anything, the U.S. oil output is at a decade high even though it is discounted to brent.  I very good article on oil output and gasoline consumption of which some are surely aware of, but most of us are probably not as it does not fit the narrative.

 

http://www.bloomberg.com/news/2012-05-28/seaway-oil-torrent-boosts-gas-cargoes-as-scorpio-rises-freight.html

 

Cheers

JEast