Monday, April 06, 2015

A Road Trip Summer

“It also means that at the current rate of record oil production, storage will be exhausted in under two months, some time in mid-May. At that point, with no more storage to buffer the record oil production, the open market dumping begins and prices of WTI will crater as every barrel will have to be sold at any clearing price, since the producers will have no other choice than to, literally, dump the oil.

In other words, a perfect storm is shaping up for oil some time in late May, early June.”

The Perfect Storm For Oil Hits In Two Months——Production Surge, Storage Full

Everything you want to know about falling oil prices

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