TV News LIES

Tuesday, May 03rd

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...


Solar plane reaches California after flight across Pacific

Solar plane crosses pacificA solar-powered airplane reached the San Francisco Bay area and performed a fly-by over the Golden...

New Documents Show Oil Industry Even More Evil Than We Thought

big oilIn 1968, a pair of scientists from Stanford Research Institute wrote a report for the American...

Why North Dakota (aka Boomtown, USA) is running on empty

N Dakota running on emptyIn the mid 2000s hydraulic fracturing - or fracking - coupled with soaring oil prices, made...

Notorious Coal Baron Don Blankenship Sentenced to a Year in Prison

Don BlankenshipA federal judge in West Virginia sentenced former Massey Energy CEO Don Blankenship to a year...
 
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!