Home > U.S. Crude Inventories Are The Highest Since The Great Depression
Print

U.S. Crude Inventories Are The Highest Since The Great Depression

January 27th, 2016

oildrumTyler Durden:  In case you were under the impression that oil was stabilizing, we thought this chart might help clarify just how “different” it is this time in the energy complex…

U.S. crude inventories are at levels last seen when President Herbert Hoover was battling the Great Depression.

Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?


"I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets -- year-in and year-out."

CLICK HERE to get your Free E-Book, “The Little Black Book Of Billionaires Secrets”

 

After this week’s build - Crude stockpiles climbed 8.38 million barrels to 494.9 million in the week ended Jan. 22, the highest since November 1930, according to weekly and monthly data from the Energy Information Administration.

It did not end well last time.

 

Charts: Bloomberg

This article is brought to you courtesy of Tyler Durden From Zero Hedge.


NYSE:DIA, NYSE:SPY


 

Tags: , , , , , , ,

Facebook Comments

Comments



  1. No comments yet.
  1. No trackbacks yet.




Copyright 2009-2016 WBC Media, LLC