Oil Boom Profits

Summary of Weekly Petroleum Data for the Week Ending January 12, 2007

U.S. crude oil refinery inputs averaged 15.1 million barrels per day during the
week ending January 12, down 502,000 barrels per day from the previous week's
average. Refineries operated at 87.9 percent of their operable capacity last
week. Gasoline production declined last week compared to the previous week,
averaging over 9.1 million barrels per day, while distillate fuel production
decreased significantly, averaging 4.0 million barrels per day.

U.S. crude oil imports averaged nearly 11.1 million barrels per day last week,
up nearly 1.6 million barrels per day from the previous week. Over the last four
weeks, crude oil imports have averaged nearly 10.0 million barrels per day, or
73,000 barrels per day more than averaged over the same four-week period last
year. Total motor gasoline imports (including both finished gasoline and
gasoline blending components) last week averaged over 1.0 million barrels per
day. Distillate fuel imports averaged 277,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) jumped by 6.8 million barrels compared to the previous week.
At 321.5 million barrels, U.S. crude oil inventories are above the upper end of
the average range for this time of year. Total motor gasoline inventories rose
by 3.5 million barrels last week, and are at the upper end of the average range.
Distillate fuel inventories increased by 0.9 million barrels, and remain above
the upper end of the average range for this time of year. Increases were seen
in both high-sulfur distillate fuel (heating oil) inventories and diesel fuel
inventories (a combination of ultra-low-sulfur and low-sulfur). Total
commercial petroleum inventories climbed by 9.0 million barrels last week, and
are above the upper end of the average range for this time of year.

Total products supplied over the last four-week period has averaged over 20.2
million barrels per day, or 3.5 percent less than averaged over the same period
last year. Over the last four weeks, motor gasoline demand has averaged nearly
9.2 million barrels per day, or 1.2 percent above the same period last year.
Distillate fuel demand has averaged over 4.1 million barrels per day over the
last four weeks, or 3.6 percent below the same period last year. Jet fuel demand
is down 1.7 percent over the last four weeks compared to the same four-week
period last year.