Thread: Oil prices dropping.
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Califbill Califbill is offline
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First recorded activity by BoatBanter: Oct 2012
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Default Oil prices dropping.
Wayne.B wrote:
On Fri, 05 Dec 2014 12:35:58 -0500, wrote:

On Fri, 5 Dec 2014 08:07:57 -0800 (PST), Tim
wrote:

Wayne, thanks for your thoughts. That ist the most cprehensive view
I've heard yet. Yeah I didnt realize the 'storage' problem...

I think that is because people have a hard time visualizing how much
oil we use in a day. (about 17 million gallons a day)
That is a 52 acre lake, a foot deep. Every day



===

Make that barrels per day not gallons. Your 52 acre lake just got 40
feet deeper. :-)

Storage is tanker ships a lot of the time. And when the tankers are
filled, and anchored. Then storage is pretty much full.
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