Tuesday, March 1, 2016

We got so much crude oil they are stashing it in railcars

US oil production is up, sales are down and the oil is piling up every where.  The surplus is so bad that owners are renting empty rail tank cars to just hold the stuff until prices rise or customers come forward.  That's a long way from "peak oil".  The Wall St Journal says US oil inventories have not been this high since the 1930's. 

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