RE:To be totaly honest You hear that a lot. 2% over supply daily is a lot over a period of time. That 2-3 million b/day excess going into storage which will just keep building. The reality is that its not the 2% thats killing the market, its that it could be a lot more if the taps were turned on a little more. Commodities love supply restrictions, thats what makes them tick. We have a glut of oil in the market and far more short and midterm supply than anyone knows what to do with.