[CowboyJay]

“Oil is coming out of our ears, so to speak,” he said. “The system couldn’t digest it.”

The economy is taking way longer than it should have to soak up the extra domestic supply.

[thackney]

Our demand isn’t taking up the slack. We are importing less.

The complication is most of the new production is inland while the cuts in imports are coastal. It is a transportation issue creating the lower WTI price compared the coastal Brent.