On Wed, 04 Mar 2015 17:54:56 -0500, Wayne.B wrote:


The storage problem is beginning to hit US oil producers as tank farms
are close to being full. Once crude oil is pumped out of the ground
it has to go somewhere. If there is no additional room to store
domestic oil it will drive prices downward in the commodity auction
pool, possibly by a large amount. The other good news is that
imported oil will continue to be squeezed out of the US market and put
additional pressure on the Russians and Venezuela.

I need to fuel up our trawler one of these days with 900 gallons of
diesel before we take off for a spring cruise. I've been delaying in
the expectation of lower prices. Stay tuned.

http://www.houstonchronicle.com/business/outside-the-boardroom/article/Traders-can-t-ignore-oil-storage-limits-much-6114400.php

Hope you're right. Around here diesel has started its climb. It never got below $2.79
in the first place.
--

Guns don't cause problems. The behavior
of certain gun owners causes problems.