One concern hitting many investors recently has been the possibility that the U.S. is approaching full oil storage capacity. If true, this would certainly result in firesale energy prices at some point, throwing oil and other products down much lower than they are today. Upon digging into this, however, I discovered something that should dispel the concerns investors have regarding peak storage capacity that should allow long-term oil bulls to sleep at night. One thing that some of my readers have brought up on a regular basis has been the question of how much of this nation’s oil storage capacity is full since commercial crude inventories are at 80-year highs. At first glance, this may not seem like an important topic but it’s actually exceedingly important to oil investors for one particular reason; if we were to max out our storage capacity, the price of crude and other […]