Stockpiles on the Rise U.S. stockpiles get extr
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Posted On: 05/03/2017 11:59:53 AM
Stockpiles on the Rise
U.S. stockpiles get extra attention now that the country is going up against the biggest exporters on the market. Often enough, higher stockpiles are cited as a sign that no one’s buying and demand is plummeting.
Right now, the U.S. is storing more than 1.3 billion barrels of crude oil and petroleum products, not including our emergency stash, the government’s Strategic Petroleum Reserve.
That’s higher than it has ever been. But it's not because no one’s buying. Rather, it’s because the shale boom has taken off in full, and exports have only really just begun.
exports...
U.S. stockpiles get extra attention now that the country is going up against the biggest exporters on the market. Often enough, higher stockpiles are cited as a sign that no one’s buying and demand is plummeting.
Right now, the U.S. is storing more than 1.3 billion barrels of crude oil and petroleum products, not including our emergency stash, the government’s Strategic Petroleum Reserve.
That’s higher than it has ever been. But it's not because no one’s buying. Rather, it’s because the shale boom has taken off in full, and exports have only really just begun.
exports...
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