3 ms·
They are. The world is simply running out of suitable tanks. Yes, that's a thing when global oil demand drops by 30% but production is only cut by 10%. Even
by scottLobster 7y ago
They are. The world is simply running out of suitable tanks. Yes, that's a thing when global oil demand drops by 30% but production is only cut by 10%. Even if you disregarded every law regarding oil storage and started filling up water towers and tuppaware containers, exactly how many of the ~25,000,000 excess barrels of oil now being produced DAILY do you think that would account for?