Well, if this article is factual, there is going to be a huge glut of oil at some point, leading to the inevitable.
Hopefully, they will run out of places to put the oil.
But the bigger this bubble gets, the bigger the pop will be.
~~~~~Hopefully, they will run out of places to put the oil.~~~~~
According to some people, Iran has a plan to flood the market with cheap oil...The purpose being to destroy the U.S. economy...And some say that’s the real reason we are at the doorstep of war with Iran...
This guy has some interesting information...
http://www.youtube.com/watch?v=NbakN7SLdbk&feature=related
Can remember back in the 70’s GAS LINE days, a lot of “offshore” oil stockpiling was going on and may prove today’s oil scam could have an end as well.
According to him there already is.
Quote: "On May 5, we found out that for the second time in as many years, Iran was storing its excess crude oil on tankers in the Persian Gulf, because it had run out of storage space in the desert and was awaiting buyers for its heavy crude."