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America's Growing Fuel Glut Could Torpedo Oil Prices (USO)

The Business Insider -- Last week was particularly worrisome for oil, since U.S. fuel inventories (distillate stocks) rose during a time of year when analysts expected a drop. The American fuel glut continues due to weak demand, and as shown below, is far worse than anything seen in recent years.

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Submitted Nov 17, 2009 By: RocPowell

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REPLIES (newest first)

Winston76 Veteran Author Michigan Posts:468 Points:153,150 Joined:Jul 2008	Message Posted: Nov 18, 2009 5:25:06 AM Ignore Winston76 Report Abuse I agree, this article is BS.
Naturenut99 All-Star Author Illinois Posts:857 Points:154,675 Joined:Sep 2009	Message Posted: Nov 18, 2009 2:43:15 AM Ignore Naturenut99 Report Abuse I dont believe this guy understands the definition of "glut" I also agree with Polelane, where is the gluttony? At least in comparison to what we used to use 2 years ago. The majority of the US is still conserving. Does this make sense to anyone else?... " The American fuel glut continues due to weak demand,..." Fuel glut & weak demand... those words do not go together. That means (no offense to anyone) that a fat man fits in a skinny suit.
POLELANE Champion Author Ohio Posts:6,287 Points:715,320 Joined:Mar 2008	Message Posted: Nov 18, 2009 1:43:47 AM Ignore POLELANE Report Abuse We don't see it here yet; where is the glut; Texas ? Kuwait ? not in Ohio
alterman156 Champion Author New York Posts:2,475 Points:578,175 Joined:Dec 2008	Message Posted: Nov 17, 2009 10:34:14 PM Ignore alterman156 Report Abuse The weal demand is a result of the weak economy.
DanMtz Veteran Author Oakland Posts:428 Points:304,245 Joined:Oct 2009	Message Posted: Nov 17, 2009 9:02:53 PM Ignore DanMtz Report Abuse Yeah, but what really matters is what speculators are thinking, how weak the dollar is, and what's going on in China and India.
DerHahn Champion Author Illinois Posts:8,089 Points:1,144,100 Joined:May 2004	Message Posted: Nov 17, 2009 7:41:53 PM Ignore DerHahn Report Abuse not likely. we've been at record levels all year but it hasn't brought down prices and demand has been down for the past 2 years.
BurntOrange Champion Author Austin Posts:2,514 Points:612,865 Joined:Nov 2007	Message Posted: Nov 17, 2009 6:52:35 PM Ignore BurntOrange Report Abuse "America's Growing Fuel Glut Could Torpedo Oil Prices" Obama could turn out to be from Alpha Centari. Paris Hilton could be the most intelligent women in the world. In the future, we could all eat diets of only cupcakes. All these "could", "may", or "might" articles are pretty silly.
Bussman Champion Author Dallas Posts:1,700 Points:518,490 Joined:Nov 2008	Message Posted: Nov 17, 2009 2:06:10 PM Ignore Bussman Report Abuse Now if we can fix the dollar...
undertall Rookie Author Arkansas Posts:2 Points:23,820 Joined:Aug 2009	Message Posted: Nov 17, 2009 12:37:18 PM Ignore undertall Report Abuse With a warmer Nov. less fuel oil used, more inventory. Good for consumer.
fordmexico Champion Author Michigan Posts:2,131 Points:180,200 Joined:Oct 2009	Message Posted: Nov 17, 2009 12:17:19 PM Ignore fordmexico Report Abuse This is good news for the consumer.