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The inventory at Cushing has doubled in three months. Crude prices are in contango. That is where back month futures are priced higher than the anticipated spot price when they will be delivered.
Just wait until Cushing and the lease tanks and line fill are full by around the middle of April at the current production rate. This country is more ass deep in crude than it has been in 80 years.
Anybody want to rent out their swimming pool for crude storage?
Just wait until Cushing and the lease tanks and line fill are full by around the middle of April at the current production rate. This country is more ass deep in crude than it has been in 80 years.
Anybody want to rent out their swimming pool for crude storage?
Not really, but just as long as they keep it out of the water table . We just switched to pellets for the cleaner burn vs. wood; it was a major factor. I'm going to add thermal banking for next year.
Given a sufficient supply of air through that large pile, temps would run 100 - 165 degrees during the spring and fall. The thermal banking works in the greenhouse, it just has to be a closed system for a house.
Some folks create the same condition to heat "hot boxes" for growing in cold seasons. An insulated box with glass facing the sun, with manure buried under the planting bed. Too much risk for me. Now the Mongolians burn dung to heat their huts, how about dung pellet stoves?