How do i invest in oil wells 1864,8 weird ways to make extra money,how to become a woman entrepreneur magazine,motivational quote and pics - Downloads 2016

Author: admin, 09.03.2015. Category: Positive Thought For The Day

The surge in shale oil production concurrent to a global slowdown in manufacturing caused a glut that the oil industry is struggling to absorb. Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
If you are a business analyst consider having your personal data and versatile business software stored on an ultra portable Lenovo laptop for constant review. During the years of the fracking boom in the US, oil fields sprang-up faster than oil pipelines and many oil companies started relying on railcars to transport large quantities of oil. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.
Soon oil companies discovered that actually using railcars enabled them to be more flexible and send oil to the highest bidder.

A mild winter this year curbed gas consumption and with production at record high, gas inventories are increasing. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). Today that the US is awash with oil, companies discovered another positive aspect of railcars, they can also be used as storage for oil.
The demand for oil is very low these days and oil producers are literally running out of places to store oil. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Oil inventories rose above 500 million barrels in late January, a level not seen since the 1930s.

Many gas producers are sitting on a high number of completed wells waiting for prices to move up to start selling. As a consequence, today there are at least 20,000 tank cars filled with oil parked in storage yards or in rural areas. This, has some drawbacks for railroads and users because they face responsibility for leaks and collisions, and longer storage times means also higher risks of incurring in liabilities. As a consequence, rates for storage are also increasing, and it seems that whoever invested in oil storage in the past, today reaps the benefits of the glut.

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