Posted on 02/13/2015 4:50:48 AM PST by thackney
Salt dome caverns to be specific about those wells.
There are some places that use depleted reservoirs for storage but this is more common with Natural Gas.
Oh my! Full reserve capacity by early April.
...just in time for the summer blend conversion.
These wonks are just so blind it goes beyond making me laugh.
Now would be a good time to fill up the last 5%.
Straight to Obama’s stash.
Watch for him to take credit for the “oil glut” that “reduced your families’ burdens” and “helped heal the planet by less drilling”.
and it the price doesn’t go up as much as they expect, how much $$$$$ will they lose in storage costs???
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They have likely already sold via the futures markets. Typically the goal is arbitrage, not speculation.
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