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Co2: Making the Planet “Greener”

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Rig Count Becoming Less Meaningful

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Oil Fundamentals Don’t Support Price Decline

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US Oil Inventory Including SPR at 2003 Levels and Falling…..Fast

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Oil, Diesel, Jet Fuel, Gasoline Inventories Collapsing, DUCS are NOT Going to Help

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The US Remains Nearly 2M bbl/day Deficit in Domestic Production vs Consumption

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Oil and Gas Inventories Near Seasonally Historic Lows, Despite SPR Withdrawals