+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 

Login with your social network

Forgot your password?

+-Stats ezBlock

Members
Total Members: 48
Latest: watcher
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 16867
Total Topics: 271
Most Online Today: 1023
Most Online Ever: 1208
(March 28, 2024, 07:28:27 am)
Users Online
Members: 0
Guests: 184
Total: 184

Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 13044 times)

0 Members and 2 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 36274
  • Location: Colchester, Vermont
    • Renwable Revolution
What may doom human society to climate change death by profit over planet is, uh, see video below...


Thanks for sharing


Az,

You are welcome.   

Check this out. It seems the DEMAND DESTRUCTION for oil continues despite the low prices.        

EIA: U.S. crude inventories above 500 million barrels for first time ever  :o  ;D
Staff Writers  February 10, 2016   
 
U.S. crude inventories rose above 500 million barrels for the first time ever last week after a larger than expected gain.

According to the U.S. Energy Information Administration, total U.S. commercial crude oil inventories were 502.7 million barrels as of January 29 after adding 7.8 million barrels.

U.S. crude inventories now stand at 132 million barrels above the five-year average.

The crude stock jump also marks the first time that U.S. inventories have exceeded 500 million barrels, the EIA said.

Crude inventories at Cushing, Oklahoma, the delivery point for the West Texas Intermediate futures contract traded on the New York Mercantile Exchange, stood at 64.17 million barrels last week, or 58 percent above the five-year average.

Total U.S. distillate inventories, including heating oil and diesel fuel, are now 22 million barrels above the five-year average at 159.69 million barrels.

U.S. motor gasoline inventories also passed historical highs last week after growing by 5.9 million barrels to 254.4 million barrels and now sit “well above the upper limit of the average range,” the EIA said.

Net crude oil imports climbed to about 7.51 million barrels as of January 29, up from 6.93 million during the same period last year.

The EIA added that, despite the supply gut, there “is still traditional, on-land storage space available  ;)” and there has been no information  ;) to indicate thatwidespread amounts of crude oil are being purchased for floating storage.”   



 

West Texas Intermediate was trading at $33.13 per barrel near noon on Thursday as a weakening U.S. dollar helped offset concerns about growing inventories. 

http://petroglobalnews.com/2016/02/eia-oil-gasoline-stocks-grew-more-than-expected/



« Last Edit: February 10, 2016, 09:30:43 pm by AGelbert »
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

 

+-Recent Topics

Future Earth by AGelbert
March 30, 2022, 12:39:42 pm

Key Historical Events ...THAT YOU MAY HAVE NEVER HEARD OF by AGelbert
March 29, 2022, 08:20:56 pm

The Big Picture of Renewable Energy Growth by AGelbert
March 28, 2022, 01:12:42 pm

Electric Vehicles by AGelbert
March 27, 2022, 02:27:28 pm

Heat Pumps by AGelbert
March 26, 2022, 03:54:43 pm

Defending Wildlife by AGelbert
March 25, 2022, 02:04:23 pm

The Koch Brothers Exposed! by AGelbert
March 25, 2022, 01:26:11 pm

Corruption in Government by AGelbert
March 25, 2022, 12:46:08 pm

Books and Audio Books that may interest you 🧐 by AGelbert
March 24, 2022, 04:28:56 pm

COVID-19 🏴☠️ Pandemic by AGelbert
March 23, 2022, 12:14:36 pm