World Record Traffic Jam

mindful webworker - oil glutton

Commented on:

Sat 2016 Apr 16, 1:57pm

• In 1939 the US Department of the Interior said that American oil supplies would last only another 13 years....

• In 1949 the Secretary of the Interior announced that the end of US oil was in sight....

-Great Moments in Failed Predictions
http://bit.ly/1YzOMP0

• ...Because as ports struggle to cope with a global oil glut, huge queues of supertankers have formed in some of the world's busiest sea lanes, where some 200 million barrels of crude lies waiting to be loaded or delivered, Reuters reports today.

The vessels, filled with oil worth around $7.5 billion at current market prices, would stretch for almost 40 km (25 miles) if formed up in one straight line....

-Tyler Durden, ZeroHedge
http://bit.ly/1SS3NaX

h/t: Mac Slavo, SHTF Plan
via Baron Bodissey, Gates of Vienna

Subjects:

energy