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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:371 Points:116,410 Joined:Jul 2008	Message Posted: Nov 18, 2009 5:25:06 AM Ignore Winston76 Report Abuse I agree, this article is BS.
Naturenut99 Veteran Author Illinois Posts:367 Points:76,670 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:5,025 Points:549,020 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:1,625 Points:409,475 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:395 Points:151,685 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:7,115 Points:975,735 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:1,663 Points:457,170 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:1,418 Points:393,985 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:18,620 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:1,563 Points:137,955 Joined:Oct 2009	Message Posted: Nov 17, 2009 12:17:19 PM Ignore fordmexico Report Abuse This is good news for the consumer.