Strange Occurrence off the Coast of Texas Raises Concerns

354 views · Published 17 January 2016 · 3:12 · Indexed 28 September 2026

Channel: Healing Frequencies · 2016 · Entertainment

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Strange Occurrence off the Coast of Texas Raises Concerns.

BC Energy, a consultancy, said in many regions onshore oil storage is approaching capacity, arguing oil prices may have to fall to allow more to be stored profitably at sea.
“Onshore storage is not quite full but it is at historically high levels globally,” said David Wech, managing director of JBC Energy.
“As we move closer to capacity that is creating more infrastructure hiccups and delays in the oil market, leading to more oil being backed out on to the water.”

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