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Here’s Why U.S. Oil Imports and Inventories are Both Rising

by | published March 31st, 2016

U.S. crude oil inventories are near record highs. At the same time, U.S. oil imports are up almost 1 million barrels per day from last year.

CNBC wanted to know why, so they invited Dr. Kent Moors to yesterday’s Power Lunch. There, Kent explained it all boils down to one simple thing… And he also shared his latest oil price forecast.

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  1. Dale Baker
    March 31st, 2016 at 19:49 | #1

    I am an independent drilling consultant. Question. Should I expect to return to work by mid 2017?

  2. E Barnes
    April 1st, 2016 at 16:29 | #2

    How do we find out financial situation of oil companies. Which ones are threatened with bankruptcy? What banks are in trouble due to loans to these companies?

  3. Curt
    April 1st, 2016 at 19:32 | #3

    Depends how good your network is.

  4. William Koenig
    April 1st, 2016 at 21:06 | #4

    Dale, I suggest you refer that question to a drilling consultant.

  5. April 4th, 2016 at 06:32 | #5

    I certainly hope that that you will be back to work.
    I have a lot of investments in oil exploration and if you are back to
    work, then there is light at the end of the tunnel.

  6. DaWayne
    April 8th, 2016 at 03:40 | #6

    Does anyone here believe that oil prices will ever go back to $45 a barrel or up and stay up?
    I as many have, my 2 young strong strapping young boys need back into hood oil field jobs to pay their bills. They found other jobs but don’t pay as much but there jobs. I feel for them as I never went through all of this. Good luck to everyone who are looking for good ping jobs.

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