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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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