I am posting this because if this is actually true and actually happens, then we haven't seen anything yet as far as carnage in the oil sector.
To quote:
It also means that at the current rate of record oil production, storage will be exhausted in under two months, some time in mid-May. At that point, with no more storage to buffer the record oil production, the open market dumping begins and prices of WTI will crater as every barrel will have to be sold at any clearing price, since the producers will have no other choice than to, literally, dump the oil.
In other words, a perfect storm is shaping up for oil some time in late May, early June.
Source: http://www.zerohedge.com/news/2015-...s-crude-production-soar-just-storage-runs-out
The Perfect Storm for Oil
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