Quote:
Originally Posted by theking
It is my understanding that the world is currently glutted with oil...so I really do not know why oil producing countries would agree to increase production when there may very well be no way to store anymore oil...at this point in time. My understanding is there is a shortage of refining capabilities not a shortage of oil.
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Actually all gas capacities are full in the us. It's in a article I posted here a while ago.