[redneck]

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From the article.

Inventories as high as they've ever been

There is a "massive cushion" of crude oil around the world, with global stockpiles sitting at a record 3 billion barrels, according to the International Energy Agency.
A stunning 487 million barrels of crude is sitting in U.S. inventories, levels unseen at this time of the year in the last 80 years, according to the U.S. Energy Information Administration.
"We've been through a low-price environment all year -- yet the world is still awash with crude here," said Smith.

This can't be...

We were told that "Peak Oil" had already been reached years ago...





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