The Most Ominous Warning That Oil Storage Is About To Overflow Has Arrived

by Tyler Durden
ZeroHedge.com
02/11/2016

It was just last week when we said that Cushing may be about to overflow in the face of an acute crude oil supply glut.

“Even the highly adaptive US storage system appears to be reaching its limits,” we wrote, before plotting Cushing capacity versus inventory levels. We also took a look at the EIA’s latest take on the subject and showed you the following chart which depicts how much higher inventory levels are today versus their five-year averages.

The Rest…HERE

This entry was posted on Thursday, February 11th, 2016 at 1:14 pm and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.