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jankoros 2 posts  |  Last Activity: Mar 3, 2015 3:57 PM Member since: Aug 8, 2005
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    So is the World Now Using Less Oil of More?

    by hugheslance Mar 3, 2015 1:31 PM
    jankoros jankoros Mar 3, 2015 3:57 PM Flag

    The U.S. has so much crude that it is running out of places to put it -- and that could drive oil and gasoline prices even lower in the coming months.For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of oil every day than it is consuming. That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week. If this keeps up, storage tanks could approach their operational limits, known in the industry as "tank tops," by mid-April and send the price of crude plummeting. - DailyFinance.

  • jankoros jankoros Mar 2, 2015 11:18 AM Flag

    by cutting div. to 0,60 $/yr what price would you expect ? at 17$ the yield would be 3,5%. if oil stays around 50$ ... ESV at 17$ is possibile ....