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

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

 

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.

 

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

 

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.