$20 Oil Could Be A Reality If This Happens

The U.S. is pumping so much oil it's running out of places to stash it, and that could have a big impact on oil prices. So what happens if we run out of space? And what are the chances that will happen? Bloomberg's Tom Randall explains.

Mar 25, 2015

The U.S. is pumping so much oil it's running out of places to stash it, and that could have a big impact on oil prices. So what happens if we run out of space? And what are the chances that will happen? Bloomberg's Tom Randall explains.

Latest in Economy
The Security Breach Podcast
Sponsored
The Security Breach Podcast
October 16, 2026
U.S. Federal Reserve Chairman Kevin Warsh speaks during the annual meetings of the International Monetary Fund and the World Bank Group in Bangkok, Oct. 16, 2026.
Fed Chair Says Price Stability Is Key but Shies Away From Signals About Rates
October 16, 2026
I Stock 1398220291
Is the World Pricing the Risk of a U.S. Diesel Export Ban?
October 16, 2026
A Coherent manufacturing facility in Sherman, Texas, June 16, 2026.
Wholesale Inflation Reaches Levels Last Seen in 2022
October 16, 2026
Related Stories
Id 6558 Fastenal Store
Economy
Jack Keough: Looking Back, And Ahead On Fastenal
Id 4416 Oil 1
Economy
Why Cheap Oil Doesn't Stop The Drilling
Id 6323 Asdfad 1
Economy
India Joins B2B Market As IndustryBuying.com Raises $2 Million
Automate Your Supply Chain With Embedded EDI
Sponsor Content
Automate Your Supply Chain With Embedded EDI
More in Economy
Automate Your Supply Chain With Embedded EDI
Sponsored
Automate Your Supply Chain With Embedded EDI
Learn how to link all of your supply chain data for maximum efficiency. Download our free guide now!
October 1, 2026
U.S. Federal Reserve Chairman Kevin Warsh speaks during the annual meetings of the International Monetary Fund and the World Bank Group in Bangkok, Oct. 16, 2026.
Economy
Fed Chair Says Price Stability Is Key but Shies Away From Signals About Rates
Stubbornly elevated inflation appears likely to lead the Fed to again hike its key interest rate.
October 16, 2026
I Stock 1398220291
Economy
Is the World Pricing the Risk of a U.S. Diesel Export Ban?
The move would split the U.S. and world markets for diesel.
October 16, 2026
A Coherent manufacturing facility in Sherman, Texas, June 16, 2026.
Economy
Wholesale Inflation Reaches Levels Last Seen in 2022
The Labor Department’s producer price index soared 6.3% year-over-year.
October 16, 2026
I Stock 2191007733
Economy
Retail Sales Up a Better-than-Expected 0.8% in September
Many Americans continue to spend despite skyrocketing gas prices.
October 15, 2026
Federal Reserve Board of Governors member Lisa Cook leaves the Supreme Court in Washington, Jan. 21, 2026.
Economy
Lawyers for Fed Governor Say Committee Investigation Is 'Demonstrably Biased'
But they did not close the door on the possibility that she would appear before the panel.
October 14, 2026
A woman pushes a shopping cart as she leaves a grocery store in Arlington Heights, Ill., Sept. 30, 2026.
Economy
Inflation Worsened to 3.7% in September
Higher inflation will likely put more pressure on the Fed to lift its key interest rate.
October 14, 2026
A Nobel medal is held up during a ceremony in New York, Dec. 8, 2020.
Economy
American Economists Win Nobel for Work on Managing Shocks
Their models have helped governments and central banks manage energy crises and inflation.
October 13, 2026
I Stock 139599032
Economy
Metalworking Machinery Orders Up Over 36% in August
Orders through the first eight months of the year were up nearly 37%.
October 12, 2026
Aerial view of busy shipping port with hundreds of stacked containers, yellow gantry cranes, and cargo handling equipment
Economy
Why Experts Think U.S. Trade Policy Causes More Damage Than Good
Mainstream economists say the relatively open global trading system had benefited the U.S.
October 12, 2026
I Stock 487484419
Economy
Trump Establishes Committee to Investigate Fed Governor in Latest Effort to Fire Her
The written memo will likely renew concerns about threats to the Federal Reserve's independence.
October 12, 2026
Federal Reserve Board Chairman Kevin Warsh speaks during a news conference at the Federal Reserve in Washington, Sept. 16, 2026.
Economy
Most Fed Officials Say Another Rate Hike Likely This Year
Fed policymakers unanimously agreed that inflation was still elevated at their last meeting.
October 7, 2026
I Stock 2226976344
Economy
U.S. Manufacturing Sector Expanded in September
The indexes for new orders, employment and prices each rose compared to August.
October 2, 2026
A motorist fills up at a QuikTrip gas station, Sept. 15, 2026, Greenwood Village, Colo.
Economy
Americans' View of the Economy Sinks to the Lowest Level Since 2014
The index fell below the lowest level reached during the pandemic.
October 2, 2026
Federal Reserve Chairman Jerome Powell, from second left, President Donald Trump and Sen. Tim Scott, R-S.C., visit the Federal Reserve, July 24, 2025, Washington.
Economy
Fed Watchdog Finds No Crimes in $2.4B Building Renovation, Only Mismanagement
The project became a flashpoint in the Trump administration’s efforts to pressure the Fed.
October 2, 2026