Posted on 04/01/2020 11:38:35 AM PDT by C19fan
Global oil storage could reach maximum capacity within weeks, energy analysts have told CNBC, as the coronavirus crisis dramatically reduces consumption and some of the world’s most powerful crude producers start to ramp up their output. The coronavirus pandemic has meant countries have effectively had to shut down, with many governments imposing draconian measures on the daily lives of billions of people. It has created an unprecedented demand shock in energy markets, with storage space – both onshore and offshore – quickly running out.
(Excerpt) Read more at cnbc.com ...
We could be putting some in our Strategic Reserve if Pelosi didn’t SCROOOOOOOOOO us.
Geez, somedays I wish I had a gas-guzzler!
Houston, you have a problem.
Why is OPEC and Russia still producing so much? It’s not like a cow you have to milk daily.
Not yet time to top off the boat. Give it a few more days/weeks.
I may buy an oil storage tank.
Recycled news at least 10 days old.
I can store another 70 gal of Diesel.
Will that help?
Will they pay us to fill out gas tanks?
So, in California gas prices might fall below $3.18?
Gas still $3 a gal in California.
Waiting for my free fill up.
“ Why is OPEC and Russia still producing so much?”
Perhaps it is some scheme to ran their competitors out of business.
Next time I want to buy a sandwich, I’ll go to the gas station, fill up my car, accept the $10 bill they give me, and then head over to the sandwich shop. Yee Haa!
I wish I kept dear ole dads 500 gal diesel tank. Would called for a delivery
Turn negative? They will pay us to fill up at the pumps? lol
93 octane premium was $1.86/gallon here in the north Atlanta burbs last Friday.
We are already being told that we have to shut in or pinch back our high-volume oil wells.
[[93 octane premium was $1.86/gallon here in the north Atlanta burbs last Friday]]
89 octane ‘cheapo’ gas was still $2.19/gallon where we are-
is that for premium gas? Our premium is near $3.00/gal, but regular gas is $2.19/gal
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