U.S. Running Out of Places to Put Our Oil - Michaela Molden - 5th Period

This article is about how the U.S. has nearly 503 million barrels of crude oil, the highest level of supplies this time of the year since 80 years ago. U.S. oil production is at an all time high, even though there was a crash is 2014 and the domestic oil production has decreases slightly. The country is pulling in an overflow of supply, as much as 1.5 million for the first half of the year of 2016.

This can be synthesized to the innovations of J. D. Rockerfeller. He ran the Standard Oil Company and through his land grabbing and ruthless technique he acquired more oil than any other company in America. His company pushed America to having a wealth of oil, more than they had every known what to do with before.


http://money.cnn.com/2016/02/04/investing/oil-prices-space-us-inventories-supply-glut/