Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
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It was interesting to not on CNBC yesterday that prices for storage of oil are shooting through the roof because there is no place to store any more of the stuff. The guy also stated that consumers are driving less and that the average age of a car in the US is now over 10 years old and those are starting to be replaced with cars that can double mileage or more. Said that demand in the US would be heading down for the foreseeable future.