So much oil we have no place to store it this will give pellet manufacturers a lot of competition $2

[control1]

http://www.iht.com/articles/2009/01/15/business/15oil.php

 

[kast]

What they are doing is holding the oil until the price is higher, then selling it to the consumer, so $2 will soon be $4-5

 

[slls]

You can just hold oil for so long, and then you will lose money.

 

[kast]

how is that? if oil is at a low, then from there perspective it can only get higher.

 

[JLF001]

It is mostly supply and demand. Don't worry, OPEC will cut production again to bring the prices back up. Not like the US can actually drill oil so OPEC has control.

 

[kast]

That's the thing, there changing the demand by holding onto the supply!