The 20 Million Drawdown in a sluggish economyThe last two weeks oil inventories fell by a record 20 million barrels, this event has never happened in 30 years of historical data. So what the heck is going on here? It is not the case that this is the best economy in the last 30 years. It sure isn`t the case that Americans are using more fuel right now compared with any other time period during the last 30 years.Peak Demand EraIn fact, the US market is maturing and using less fuel these days for several reasons like alternative energy, higher fuel…

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via OilPrice.com Daily News Update http://oilprice.com/Energy/Crude-Oil/Why-are-Oil-Inventories-Down-if-Production-is-Increasing-and-Demand-is-Falling.html