Opinion
Some in the oil industry claim the world’s crude reserves are exhausted. Not so fast, writes Javier Blas.
The Global Oil Cushion Isn’t Really Hitting ‘Tank Bottoms’
The energy industry’s latest panic is that it’s about to hit “tank bottoms” — the minimum amount of crude in storage required to keep the conveyor belt that goes from oilfields to refineries humming. As with every financial narrative, the story of the impending oil crisis contains a grain of truth — and ample hogwash.
