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My article on OilPrice.com
Posted: Mon Jul 25, 2016 8:22 pm
by dan_s
Re: My article on OilPrice.com
Posted: Tue Jul 26, 2016 6:27 am
by mkarpoff
I just read that oil is dropping because of a gasoline glut, and will likely continue down some more. Another because drilling is starting again. I know you dismiss the latter, but what about the former?
Re: My article on OilPrice.com
Posted: Tue Jul 26, 2016 8:48 am
by dan_s
Just keep in mind that this world consumes 97 million barrels per day of refined products. The "glut" of gasoline needs to be measured against a very big number.