Cardboard Posted March 9, 2015 Share Posted March 9, 2015 http://www.nbcnews.com/id/29495753/ns/business-oil_and_energy/t/oil-producers-running-out-storage-space/ With the difference that OPEC did not cut yet and that the U.S. is doing well, it is amazing how similar the story is to today. Of course, there are other differences like the size of U.S. production, better car effiency, but I would also argue that the world is now bigger and global GDP higher. By the way, number of U.S. drilling rigs in use are now down 43% according to Baker Hughes. Down between 40 and 60% at every other down turn. Cardboard Link to comment Share on other sites More sharing options...
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