Oil levels at cushing no barometer as to market oversupplyanylists using oil levels at cushing as to the state of oil over supply are fooling themselves and investers. Enbridges new twinn seaway pipeline could empty cushing in a matter of months.Cushing is only being used as contigo because of cheap storage costs.Speculators storing oil at cushing are betting on higher prices and also because of the differance between what oil is selling for today as oppossed to months in the future.This allows speculators to stash oil cheaply and get the futures price.