Cushing's Running Low On Crude Oil. How Much Is Left In The Tanks?

[IsailedawayfromFR]

We are getting close to some really, really high fuel prices as seen by inventory levels at our largest oil depot.

[Smokin Joe]

When COVID hit, there wasn't enough room for all the oil...

[catfish1957]

When COVID hit, there wasn't enough room for all the oil...

Remember when it went to negative value? 

[Smokin Joe]

Remember when it went to negative value?

Oh yeah. It meant the end of my job for a while...

[catfish1957]

Oh yeah. It meant the end of my job for a while...

Retired, but at that moment was concerned about my retirement divys sustaining. 

[DefiantMassRINO]

So, what the Biden Administration hears is that we have too much capacity at Cushing?

[IsailedawayfromFR]

Retired, but at that moment was concerned about my retirement divys sustaining.

You must be a whole lot happier right about now

[catfish1957]

You must be a whole lot happier right about now

Okay for now.  But when half the country has been brainwashed into wanting destruction of the oil industry, you really may be just seeing a "Lull" in the action.

[DefiantMassRINO]

The Dems will feign concern for inflation ... until the elections.  If they win, they'll put the legacy energy sector out of business.  If they lose, there will be a lame duck orgy of moonbat nonsense.

[IsailedawayfromFR]

Okay for now.  But when half the country has been brainwashed into wanting destruction of the oil industry, you really may be just seeing a "Lull" in the action.

That will not diminish the need for hydrocarbons on this planet, any more than Biden saying overspending doesn't cause inflation

[IsailedawayfromFR]

The Dems will feign concern for inflation ... until the elections.  If they win, they'll put the legacy energy sector out of business. If they lose, there will be a lame duck orgy of moonbat nonsense.

Nonsense.  They will still need them to provide the electricity to run their EVs.

[catfish1957]

That will not diminish the need for hydrocarbons on this planet, any more than Biden saying overspending doesn't cause inflation

Not that worried about my company fading away, but more is the understanding that 1st world GND and envirowhacko zealots will likely tamper demand for petroleum products, which will adversely impact earnings for the duration.

The best hope is that some level of sanity returns, and there is an base understanding among all political factions that NG is truly the "green" fuel of the future. 

[IsailedawayfromFR]

Not that worried about my company fading away, but more is the understanding that 1st world GND and envirowhacko zealots will likely tamper demand for petroleum products, which will adversely impact earnings for the duration.

The best hope is that some level of sanity returns, and there is an base understanding among all political factions that NG is truly the "green" fuel of the future.

Can one actually 'temper' demand much for what has become an absolute necessity for our essentials to live?

Regardless of what we do in the US, the rest of the world will need it and in fact the demand is growing for hydrocarbons.

[catfish1957]

Can one actually 'temper' demand much for what has become an absolute necessity for our essentials to live?

Regardless of what we do in the US, the rest of the world will need it and in fact the demand is growing for hydrocarbons.

Good question.  I think demand drops in at least 1st world due to enviro-whackoism is a serious possibility.  When they go "all in" on GND, I think it will take somewhere between 5 to 10 years to realize how much a disaster  it will cause.  By that time, those refineries and petrochemical sites will be shuttered, mothballed, or dismantled.  It will be near impossible to rebuild in time before our economy and overall way of life will seriously impaired.

Which brings up what I have alwasy felt was the acutal intent of the climate change debacle.  A planned intergrated effort for nation wealth redistirbution.