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Excess Crude In U.S. Now Stored In Railcars

Railroad tanker cars sit outside of the Chevron refinery July 14, 2008 in Richmond, California. (Justin Sullivan/Getty Images)
Railroad tanker cars sit outside of the Chevron refinery July 14, 2008 in Richmond, California. (Justin Sullivan/Getty Images)

Oil prices have been rebounding this week from historic lows – but those lows have had a big impact on oil supplies in the U.S. There is such a glut of crude oil in the U.S. right now, that traders are running out of storage options, and they're turning to empty railcars. Here & Now's Robin Young talks with Jason Bellini of The Wall Street Journal about the implications.

  • Read more in The Wall Street Journal
  • Guest

  • Jason Bellini, senior producer at The Wall Street Journal. He tweets @jasonbellini.
  • Copyright 2021 NPR. To see more, visit https://www.npr.org.