### Comment:
I also don't like the API estimates coming out prior and how that sometimes causes the price action to go sideways until confirmed by EIA.  I am thinking we are heading for $50 in the short term.  I thought we would be at $60 by end of year. Maybe not anymore. Crazy how fast it can change.

### REPLY:
Yeah the whole API (voluntary) reporting the day before the EIA (independent monitoring) is pretty nonsensical. Don’t see the value in the two separate reports especially so close together. If the thought is to catch sentiment isn’t that what the Friday wells report is for? 
  
 Goofy process

### END.