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Re: Dutch1 post# 28471

Sunday, 04/05/2015 9:57:40 PM

Sunday, April 05, 2015 9:57:40 PM

Post# of 30377
At a time when analysts and journalists are using verbage like "glut" and "overflowing" there's a few facts people should be aware of. This next link is my favorite. As it came out on March 3rd it's perhaps a little dated, but still pretty much captures the current situation:

U.S. crude oil storage capacity utilization now up to 60%

Meanwhile this discussion about inventory level vs capacity at Cushing might cause a few to wonder why words like "overflowing" even appear in news and analyst coverage:

Crude oil storage at Cushing, but not storage capacity utilization rate, at record level

If you looked at that second link, you now know that Cushing was a lot closer to maxing out capacity in 2011 than it is now ...

Which all leads to the only question that really matters: What's the set-up? Why are gasoline prices climbing at the same time the newspapers and analyst firms are screaming "glut" from the rooftops? We all know it's nothing less than a set-up . . . and probably has a lot more to do with why we're all left wondering why we're no longer paying the low gasoline prices that came with the initial onslaught of "The Glut" only a few months ago.
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