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A comment on Why the Oil Price and the US Dollar Are Negatively Correlated. Parent comment

Re:Why the Oil Price and the US Dollar Are Negatively Correl... by marcosdumay on Tuesday November 24, 2015 @08:55AM (#10620669)
> Oil isn't like electricity which is wasted if not supplied.

To a first approximation, yes, it is.

Oil is very expensive to store, and the flow of most wheels can't change on short notice. Over a long time, production does change following price fluctuations, but in short times, it does not.

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Re:Why the Oil Price and the US Dollar Are Negatively Correl... by easytiger on Tuesday November 24, 2015 @09:16AM (#10620766)
Correct. And the USA has a multi billion $$ storage project for oil t

https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(U...

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Re:Why the Oil Price and the US Dollar Are Negatively Correl... by toomuchtodo on Tuesday November 24, 2015 @10:38AM (#10621306)
That's specifically for defense purposes. A lot of crude is sitting in oil tankers off the coast of Houston waiting for oil prices to increase before delivering.
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