Quote:
Originally Posted by sirmike68
Yup not good, the refinery is reduced to 60 % capacity throughput because all the tanks are full and no buyers. Strange how diesel price will not drop below 90 though. Thieves.
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Goldman Sachs was giving a warning early Dec about the first quarter of 2016 and no storage capacity in North America.
Well with no rigs running and no hauling, no dozers running, no water trucks, no generators etc. Not to mention all the completions and testing operations suspended. Stimulation gone. Pipelining gone.
I bet the only drilling going on is to prevent leases from expiring or farm in commitments to hold land. Nothing more. Dismal.
We just shut down around 3000 gallons a day times 500 rigs and not even counting the ripple effect so diesel demand is no longer there.
I wonder if the planners are going to double or triple the police force in the province. I can see a big crime spree coming.