The chart shows what a truly relentless glut looks like.
Of “Fracklogs,” global Tanker Jams, and Cheating.
A record buying spree.
It’s a sign of how bad things are that we feel optimistic about $35 oil.
This is going to be a far larger problem than Wall Street realizes.
“Even lower for even longer.”
Why Oil Keeps Falling off the Chart.
OPEC’s Battle and Cheap Money.
A weak global economy over-loaded with debt is a powerful obstacle to oil-demand growth.
Crude oil inventory buildup points at a potential fiasco by next spring.