Total U.S. Petroleum Consumption Still Down 25%, Inventories At Record High

The stock markets surged today on news that the U.S. unemployment rate “SURPRISINGLY” fell to 13.3% in May, down from 14.7% in April.  Somehow, with most of the country still on lockdown in May, there were 2.5 million Americans added to the payrolls along with 345,000 new businesses that were formed. Then, of course, we…