A Hill-Billy Way To Predict The Weekly Petroleum Status Report

[vanzandt]

237..... you were sage. Thats how many pips it dropped today. And then some. More coming between now and Weds. Bank.

 

[vanzandt]

hahahhaah

"Gasoline inventories rose by 1.7 million barrels, against an anticipated draw of one million barrels".

Don't say I didn't warn ya.

http://oilprice.com/Latest-Energy-N...rts-Significant-Build-To-US-Crude-Stocks.html

 

[Overnight]

hahahhaah

"Gasoline inventories rose by 1.7 million barrels, against an anticipated draw of one million barrels".

Don't say I didn't warn ya.

http://oilprice.com/Latest-Energy-N...rts-Significant-Build-To-US-Crude-Stocks.html

Yeah, sage news indeed. All inventories fell based on the ACTUAL numbers, not the API and PLATTS estimates.

http://www.marketwatch.com/story/oi...-barrel-decline-in-us-crude-supply-2016-10-26

The API is a funny place.

 

[brucelevy]

Has anyone considered automating and backtestinh this theory over a substantial period of time?

 

[joederp]

So how's the Hill-Billy method handle a huge spike like last night's pipeline rupture in context of week-to-week inventory vs price predictions?

 

[vanzandt]

So how's the Hill-Billy method handle a huge spike like last night's pipeline rupture in context of week-to-week inventory vs price predictions?

Mess w/hoes and you get screwed.
Still backtesting plagues, famines and locusts.