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Will the price of oil drop once the US fills up their oil reserves? My simple mind breaks things down as there being two demands within the US for oil – 1) refineries and 2) oil reserves for emergencies.
The refineries are operating at full capacity so they can't cause an increase in demand. Therefore, I would think demand in the US would drop once the reserves are full.
Maybe China's increasing demand for oil as it moves from coal to oil will keep the price up. Maybe (as I've heard on talk radio) the hedge fund managers speculation is causing the price of oil to increase.
Will the price of oil drop once the US fills up their oil reserves? My simple mind breaks things down as there being two demands within the US for oil – 1) refineries and 2) oil reserves for emergencies.
The refineries are operating at full capacity so they can't cause an increase in demand. Therefore, I would think demand in the US would drop once the reserves are full.
Maybe China's increasing demand for oil as it moves from coal to oil will keep the price up. Maybe (as I've heard on talk radio) the hedge fund managers speculation is causing the price of oil to increase.
