Reply #6: I heard a report on NPR

[eilen]

that said the oil producer nations are running out of places to store the oil and are putting them in tankers offshore. They used a strange term for the situation of over-supply-- "cantango" and are frantic about the prices going down. They are storing the stuff rather than selling it because they want the price to come up (wouldn't that be called hoarding? price manipulation?).

I find it very curious and wondering if everyone else feels enron-ed.