US President Barack Obama dropped in December to ban oil exports, which ran the country for 40 years (Reuters / SEE)
The US ability to store oil is close to the limit. According to the Energy Information Association (EIA), respponsável government agency for collecting information on the energy market, the United States has today 503 million stockpiled crude oil barrels, the highest level in 80 years.
Much of this volume is in Cushing, Oklahoma State, fate of the larger share of the oil produced in the country. There are 64 million barrels, or 87% of total capacity of the site.
The American production is accelerated, against a backdrop of very strong devaluation of the commodity. Between June 2014 and today, oil prices plummeted from $ 104 a barrel to less than $ 30.
With production and stocks rising, President Barack Obama signed in December a law that crippled the oil export ban. The rule that prevented overseas oil sales lasted for 40 years. The first shipments occurred last month .