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Current Event April 5, 2015

Oil Glut


The United States has become one of the world’s largest producers of oil, surpassing Saudi Arabia. But the US might be running out of space to store all the oil. If companies sell off large amounts of oil to open up storage space, what will happen to the price? Listen to learn more about this debate of supply, demand and cost when it comes to oil production, speculation and storage.

Economics Earth and Space Science

Story Length: 4:02

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SOURCE:

National Public Radio © 2015 National Public Radio, Inc. Used with the permission of NPR. All rights reserved.

AIR DATE: 03/30/2015


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