CNBC Mad Money August 31, 2016
The dow losing 53 points. The nasdaq dipping. 19 . Lets go over how oil can be crushed so badly, down 1. 78. Weve got inventory numbers that indicate we have oil coming out of our eyeballs. How much . Total petroleum rose to 2. 1 billion barrels. Were being flooded with crude from overseas and still pumping here. Weve found a triple off the bottom. Theyve found out how to get more out of the ground than they could two years ago. In the last 18 months it should dazzle silicon valley. The reduction of Oil Consumption because of newer and more efficient engines. Investors must presume there must ...