GREY:LSTMF - Post by User
Post by
chantal2468on Feb 07, 2015 2:53pm
320 Views
Post# 23407293
REALITY CHECK
REALITY CHECK
I have to point out that there has been an oil glut 90% of the years for the last 50 years (or longer).....World just doesn't notice most of the time because it was almost always being minimized by adjustments by OPEC and traders storing and depleting inventory and governments altering their strategic reserves before all that it was TEXAS RAILROAD COMMISSION....so putting it in that context,,,,THERE IS ALWAYS A GLUT.....keep in mind there is about 4 BILLION barrels of oil in storage around the world....that's equivalent to 1 million barrels a day for over 10 years....so keep that in mind when thinking about GLUT....it is always with us and it the intentions and actions of those in control that eventually determine the price