An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, November 14, 2014
US Crude Oil Storage Trend
You can see how we have been riding near the top of the 5-year range for quite a while.
From the weekly EIA report here. No indication in this report as to what % of total U.S. storage this actually represents.
I'm really going to be very interested to know how the new president is going to change this crude oil industry. Considering how abysmal things have looked with millions of barrels of oil just sitting in storage, there's a lot of work going to be needed to revive the market for it!
US is the great source of crude oil and the oil refinery companies which uses high class oil tools.
ReplyDeleteI'm really going to be very interested to know how the new president is going to change this crude oil industry. Considering how abysmal things have looked with millions of barrels of oil just sitting in storage, there's a lot of work going to be needed to revive the market for it!
ReplyDelete