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<blockquote data-quote="NodakBuckeye" data-source="post: 105789" data-attributes="member: 714"><p>An uptick in demand, a tropical sysytem or 2 in the gulf, any number of things will result in a spike; lack of new drilling planned and no new big projects in planning stages and we go up pretty quick. EIA says we use 19.4 million barrel of oil a day in the U.S. We have 541 million barrels on hand; 27.89 days of inventory, not my idea of a glut unless I am making a ton on going short and that is how I spin it. Maybe 2 years is to soon, but at some point in the not to distant future, oil soars. Maybe we should buying all we can now and storing it. Oh yeah, forgot for a sec about our Dear Leader.</p></blockquote><p></p>
[QUOTE="NodakBuckeye, post: 105789, member: 714"] An uptick in demand, a tropical sysytem or 2 in the gulf, any number of things will result in a spike; lack of new drilling planned and no new big projects in planning stages and we go up pretty quick. EIA says we use 19.4 million barrel of oil a day in the U.S. We have 541 million barrels on hand; 27.89 days of inventory, not my idea of a glut unless I am making a ton on going short and that is how I spin it. Maybe 2 years is to soon, but at some point in the not to distant future, oil soars. Maybe we should buying all we can now and storing it. Oh yeah, forgot for a sec about our Dear Leader. [/QUOTE]
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