HAHAHAHAHAHAHAHA...deep breath...HAHAHAHAHAHAHA...
Put it back into the strategic reserves?!?! That is why they were created. Duh!
Cylindrical storage tank shortage looms. Film at eleven.
Build more railroad tank cars.
When the price of gasoline falls to near a dollar per gallon, I'll believe this prognostication.
And this will bankrupt Russia, Venezuela, Iran, and possibly a few more countries set against us, so let the price fall.
Unfortunately, our dear President probably wants those very countries to do well, so we can probably count on him figuring a way to stop it. Maybe an executive order tax on oil?
Ah, getting ready for war.
Hope not with the people of America though!
I heard stories about this and speculators will lease/rent oil tankers and store the oil there off shore.
Time to make more storage areas in the salt domes of Louisiana.
Remember when prices were high years ago and the libs demanded no new drilling, but wanted to use the oil in the national reserves in the salt domes.
My gas price has gone up 33 percent - 60 cents per gallon - in the last five weeks. Just saying.
Much of the price of ENERGY is in TAXES................
Do taxes go down?... The last thing the American federal givernment NEEDS is more MONEY....
Taxing ENERGY is quite STUPID.. economically..
ANYONE wanting to tax energy should be....... UGH... lets say, TALKED TOO..
in a very direct way..
My Mustang GT says, “Get into mah belly!”
What is it with people and static model fallacies?
They have no recognition of the adjustments being made right now that will change the supply picture over time.
Yes, the price may temporarily collapse. Has everyone already forgotten the drop from 147 a barrel to 35 that happened not that long ago? The bottom didn’t last very long and neither will this one.
I’m looking forward some great deals on energy stocks and etf’s. Bring on the “collapse”.
If this keeps up, storage tanks could approach their operational limits, known in the industry as “tank tops,” by mid-April and send the price of crude — and probably gasoline, too — plummeting.
...
That’ll give the insiders enough time to dump what’s left of their energy holdings.
I’ve been waiting, and waiting, for the retail prices of goods to drop. HA! They go up instantly. The only problem with capitalism is greed.
I was just telling my kids about the Jimmy Carter presidency. I was 16 years old and had been dreaming of someday owning a Harley but I was convinced that there wouldn’t be enough gas left for me to drive it.