US running out of room to store oil; price collapse next?

AP ^ | 3 March 2015 | JONATHAN FAHEY

[sten]

excess can also be pumped back INTO the ground for later retrieval

[cynwoody]

Wouldn’t It be the opposite?

He's being sarcastic. Google peak oil.

[Paladin2]

I think Diesel is good for a year or better.

[Zuben Elgenubi]

Well, two days ago in Cincinnati the price was $2.12/gal and today they are $2.39/gal.

[Dawn53Fl]

Same here, prices are steadily rising.

[meatloaf]

This would be beyond peak oil in can we use the empty five gallon buckets bakers have left over after we fill all the tankers off shore and the rail tankers that W.B. can spare from his pipeline on wheels operation.

Oil traders are going to be stressed accordingly. Counting all those five gallon buckets won’t be easy.

[BeauBo]

“prices are steadily rising.”

Looking ahead a few weeks/months.

We are just coming out of the seasonal cutover of refineries, which causes a temporary shortage of refined products, while they retool and do maintenance.

That is ending, and inventory of crude is hitting an eighty year high.

[Lurkina.n.Learnin]

Everywhere but California.

Gas prices soar in California as supply shrinks
http://finance.yahoo.com/news/gas-prices-soar-california-supply-shrinks-213436057—finance.html

[Dawn53Fl]

Thanks for the info.

[familyop]

There’s plenty of oil to invade, occupy and denazify Iran then.

[SunTzuWu]

Peak storage.

[expat_panama]

Looks like my leftist friends there have wrecked Calif. just like they're now trying to wreck the U.S. Same methods used: amnesty, regulation, taxes, and tyranny.

Hmmm, maybe another coffee will help me lighten up a bit...