The Government released its weekly oil report. The Oil industry - TopicsExpress

The Government released its weekly oil report. The Oil industry expected demand to remain the same, meaning supplies in storage should not have gone up. Instead supplies have gone up by 2.7 million barrels; or roughly 88 million gallons of gas. It seems that Americans just can not afford the increase in fuel. It also seems we have more fuel and oil in storage than we have had since 1976. It cost the Oil companies quite a bit of money to store oil. In the past they would respond with a price cut. Now the new strategy is to RAISE the oil price in order to cover the cost of storage. .....Idiots.....

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