TV News LIES

Thursday, Dec 14th

Last update05:20:13 AM GMT

You are here News Energy Oil producers running out of storage space

Oil producers running out of storage space

E-mail Print PDF

As demand for crude has plummeted, the world suddenly finds itself awash in oil that has nowhere to go.

It’s been less than a year since oil prices hit record highs. But now producers and traders are struggling with the new reality: The world wants less oil, not more. And turning off the spigot is about as easy as turning around one of those tankers.

TVNL Comment: We told the world that this would happen and we told the world how to make this happen. You see cure oil is refined into many products; gasoline, heating oil, kerosene, resins, etc. All you have to do is stop using one of these products for a very short period of time and all the oil companies would have to lower prices because they could not simply dump one product and produce the others. This is why demand is managed. This is why they fly planes with no passengers to complete scheduled flights and why they refuse to improve fuel efficiency in cars. All we had to do is park our cars for about 2 full days and we would brinng the oil companies to a halt. If EVERYONE stopped driving for 2 days we could have ended the price gauging. - Jesse Richard, TVNL Editor.

More...


Most Recent Related Stories...


Exxon, oil giants team up to reduce methane emissions

Exxon, oilgiants team up to cut emissions ExxonMobil Corp. and seven other energy firms have teamed up to tackle natural gas sector greenhouse...

Whitefish Energy Apologizes to Puerto Rico, San Juan Mayor for Twitter Comments

Whitefish Energy 0 with 2 employees - gets $300m contractWhitefish Energy issued an apology to San Juan Mayor Carmen Yulin Cruz and “everyone in Puerto...

U.S. withdrawal from energy transparency group called strategic

US withdrawal from energy transparency 'strategic' Leaving a transparency initiative on fossil fuels was a mistake, advocates said, but Washington and...

Explosion hits oil rig on Lake Pontchartrain

Oil rigs explodes in Lousiana At least seven people were injured when a large explosion on an oil rig operating in Louisiana’s...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!