January 24th, 2007

When statistics go bad

Posted in Money by ed

What the heck is going on with the numbers?!

SAN FRANCISCO (MarketWatch) — The American Petroleum Institute reported a fall of 4.2 million barrels in distillate supplies for the week ended Jan. 19. The Energy Department had reported a rise of 700,000 barrels.

Motor gasoline supplies were down 2 million barrels, the API said, contrary to the government’s reported rise of 4 million.

Crude supplies fell 832,000 barrels, the API said, but the government posted a 700,000-barrel climb.

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How’s a felly to know when to buy and sell his pork bellies?

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