Posted 3/25/2015 08:29 (#4475740 - in reply to #4475723) Subject: RE: You don't have to "store" crude above ground..
Exactly, we see it in ethanol all the time. You need cash because you will still have to keep employees on the payroll and debt to service. It's not as simple as just "shutting off the pumps". If $7-8 corn didn't shut down all of the ethanol plants, cheap crude isn't going to stop all the wells.
20 Million Barrels of Pure Profit Sitting in U.S. Oil Tanks
