According to the EIA petroleum status report released last Thursday for the week ending May 25, 2012, US stocks of commercial crude oil are close to their all time high at 384.7 MMBbl. Stocks have only been higher once since the EIA started keeping records and that was back in July 1990. Right now we are 2 percent below the record. Crude oil stocks are sky high.
Tuesday, June 5, 2012
RBN Energy -- Record Crude Oil Stocks Sloshing Around
Link here.
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