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Here's how $20 oil could become a reality: The looming storage crisis explained - Financial Post
Financial Post | Here's how $20 oil could become a reality: The looming storage crisis explained Financial Post The basic problem is that too much oil is being pumped, and not enough is being used up. America is running out of places to store all of the excess crude. That's a problem, and it could send prices plummeting — some say to US$20 a barrel or even lower. Reports: Could oil prices drop to $20 a barrel? Here's How $20 Oil Could Become a Reality If Storage Runs Out |
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