Thanks Buc for that info .
My question is how do you stockpile 166million barrels and not automatically cause a scarcity in the overall world wide supply ?
Christmas is coming very soon and I would think that the countries which celebrate Christmas would be using even more oil at least for the festive season.
The oil supply market has me flummoxed!!
IN my reading of current events of the oil price crisis. someone said, that part of the problem was that ISIS had taken control of some oil production in the middle east and was using sale of said oil to finance it's 'war" effort and was getting it to market via oil pipeline.
I would think that' taking out' this pipeline, by all and any means, should be a matter of urgency to curtail the activities of this murderous inhumane fringe group of swine.
Rant over !!
SSN Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
