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Saturday, September 19, 2020
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Business Tanks are full

Tanks are full

Other News

Ginsburg, a feminist icon memorialized as the Notorious RBG

By MARK SHERMAN Associated PressWASHINGTON (AP) — Supreme Court Justice Ruth Bader Ginsburg moved slowly.When court was in session, she often had...

Ruth Bader Ginsburg helped shape the modern era of women’s rights – even before she went on the Supreme Court

Jonathan Entin, Case Western Reserve University Justice Ruth Bader Ginsburg...

Supreme Court Justice Ruth Bader Ginsburg dies at 87

By MARK SHERMAN Associated Press WASHINGTON (AP) — Supreme Court Justice Ruth Bader Ginsburg, a diminutive yet towering women’s...

Letter from the Editor: The Two Katies

On Sept. 12 I went to see the Fort Worth Symphony Orchestra and Asleep at the Wheel at the Will Rogers Coliseum....

Producers are pumping way more oil than the locked-down world can use, and storage tanks are filling up fast. After oil is extracted from the ground, it has to be either used or stored. But usage has plummeted since the coronavirus outbreak, with planes grounded and car trips curtailed to limit contagion. An estimated 40% of the world’s population is currently advised to stay home, according to the U.S. Energy Information Administration. Storage tanks could be filled sometime in May, despite a recent deal announced by OPEC and its allies to curtail production by nearly 10 million barrels per day, according to analysts at S&P Global Platts. In some cases, producers are renting old ships to store the oil, President Donald Trump said in a recent press briefing. “There’s oil all over the oceans right now,” he said. “The boats are all filled. ” Trump has said he may buy oil for the Strategic Petroleum Reserve to help alleviate the problem, but Congress has not appropriated the money. Meanwhile, the Department of Energy is negotiating with oil companies to use those tanks.

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Latest News

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